MECHANICAL TECHNOLOGY, INCORPORATED (OTCMKTS:MKTY) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
(a-b) Mechanical Technology, Incorporated held its Annual Meeting
of Stockholders on June 7, 2017 (the Annual Meeting). At the
Annual Meeting, the Companys stockholders:
-
Elected as director Edward R. Hirshfield to hold office until
the 2018 Annual Meeting of Stockholders or until his
successor is duly elected and qualified; -
Elected as director Matthew E. Lipman to hold office until
the 2019 Annual Meeting of Stockholders or until his
successor is duly elected and qualified; -
Elected as director Thomas J. Marusak to hold office until
the 2020 Annual Meeting of Stockholders or until his
successor is duly elected and qualified; -
Elected as director Michael Toporek to hold office until the
2020 Annual Meeting of Stockholders or until his successor is
duly elected and qualified; -
Ratified the selection of UHY LLP as the Companys independent
registered public accounting firm for the fiscal year 2017;
and -
Approved the advisory non-binding vote on executive officer
compensation.
At the Annual Meeting, the stockholders voted as follows:
|
Matter |
Votes For |
Votes Against / Withheld |
Abstentions |
Broker Non-Votes |
|
1. Election of Edward R. Hirshfield |
4,921,639 |
145,134 |
N/A |
3,293,326 |
|
2. Election of Matthew E. Lipman |
4,910,739 |
156,034 |
N/A |
3,293,326 |
|
3. Election of Thomas J. Marusak |
4,947,731 |
119,042 |
N/A |
3,293,326 |
|
4. Election of Michael Toporek |
4,922,189 |
144,584 |
N/A |
3,293,326 |
|
5. Ratification of UHY LLP as the Companys independent |
8,158,000 |
127,621 |
74,478 |
N/A |
|
6. Approval of the advisory non-binding vote on executive |
4,841,856 |
206,098 |
18,819 |
3,293,326 |
About MECHANICAL TECHNOLOGY, INCORPORATED (OTCMKTS:MKTY)
Mechanical Technology, Incorporated conducts operations through its subsidiary, MTI Instruments, Inc. (MTI Instruments). MTI Instruments supplies precision linear displacement solutions, vibration measurement and system balancing solutions, and wafer inspection tools. The Company’s product offerings include Accumeasure Series, Microtrak 4, Microtrak PRO-2D, MTI-2100 Fotonic Sensor Series, Accumeasure D Series, Microtrak TGS, PBS-4100+ Portable Balancing System, PBS-4100R+ Test Cell Vibration Analysis & Trim Balancing System, TSC-4800A Tachometer Signal Conditioner and 1510A Calibrator, Accumeasure Digital Series, Accumeasure Analog Series, Semtester Tensile Stages and Proforma 300i, PV 1000. MTI Instruments serves markets that require precise measurements and control of products and processes in automated manufacturing, assembly and operation of machinery, and metrology tools for semiconductor and solar wafer characterization, among others.