MICROVISION, INC. (NASDAQ:MVIS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07. Submission of Matters to a Vote of Security Holders.
The annual meeting of stockholders of the Company was held on
June7, 2017, to notice duly given. The stockholders voted on five
proposals, which are described in detail in the Companys
definitive proxy statement filed with the Securities and Exchange
Commission April24, 2017.
The results are as follows:
| Proposal1. |
All of the Companys nominees for director were elected by the votes set forth in the table below: |
|
Nominee |
For | Withheld | BrokerNon-Votes | |||||||||
|
Robert Carlile |
21,774,453 | 1,349,691 | 31,829,118 | |||||||||
|
Yalon Farhi |
21,451,240 | 1,672,904 | 31,829,118 | |||||||||
|
Slade Gorton |
20,617,961 | 2,506,183 | 31,829,118 | |||||||||
|
Perry Mulligan |
20,638,556 | 2,485,588 | 31,829,118 | |||||||||
|
Alexander Y. Tokman |
19,575,600 | 3,548,544 | 31,829,118 | |||||||||
|
Brian Turner |
20,676,010 | 2,448,134 | 31,829,118 | |||||||||
|
Thomas M. Walker |
20,682,060 | 2,442,084 | 31,829,118 |
| Proposal2. |
The stockholders approved the proposed amendment to the 2013 MicroVision, Inc. Incentive Plan by the votes set forth in the table below: |
|
For: |
18,362,574 | |||
|
Against: |
4,016,182 | |||
|
Abstain: |
745,388 | |||
|
Broker Non-Votes: |
31,829,118 |
| Proposal3. |
The stockholders ratified the appointment of Moss Adams LLP as the Companys independent registered public accounting firm for the fiscal year ending December31, 2017, by the votes set forth in the table below: |
|
For: |
51,391,691 | |||
|
Against: |
1,907,836 | |||
|
Abstain: |
1,653,735 |
The proposal to ratify the appointment of Moss Adams LLP was a
routine matter and, therefore, there were no broker non-votes
relating to that matter.
| Proposal4. |
The stockholders approved, on an advisory basis, the compensation of the Companys named executive officers by the votes set forth in the table below: |
|
For: |
18,411,277 | |||
|
Against: |
4,045,934 | |||
|
Abstain: |
666,933 | |||
|
Broker Non-Votes: |
31,829,118 |
| Proposal5. |
The stockholders recommended, on an advisory basis, the frequency with which the Company should hold future advisory votes on the compensation of the Companys named executed officers by the votes set forth in the table below: |
|
One Year: |
12,054,576 | |||
|
Two Years: |
500,654 | |||
|
Three Years: |
9,741,883 | |||
|
Abstain: |
827,031 |
The Companys board of directors will consider the foregoing
stockholder recommendation and the boards determination will be
disclosed in an amendment to this Current Report on Form 8-K.
About MICROVISION, INC. (NASDAQ:MVIS)
Microvision, Inc. is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source. The Company offers key components for inclusion in a scanning engine, including its Micro-Electrical Mechanical Systems (MEMS) and Application-Specific Integrated Circuits (ASICs). Its PicoP scanning technology incorporates its expertise in two-dimensional MEMS, lasers, optics and electronics to create a small form factor scanning engine with lower power needs. It licenses PicoP scanning technology to original design manufacturers (ODMs) or original equipment manufacturers (OEMs). Its technology creates a platform that can support multiple applications and markets, including enterprise, medical, industrial and automotive.
