MTS SYSTEMS CORPORATION (NASDAQ:MTSC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
Submission of Matters to a Vote of Security Holders
MTS Systems Corporation (the “Company”) held its virtual annual meeting of shareholders on February 13, 2018 (the “Annual Meeting”). A total of 16,856,950 shares of the Common Stock, representing approximately 95% of the shares outstanding and eligible to vote and constituting a quorum, were represented in person or by proxy at the Annual Meeting. The final results for each of the matters submitted to a vote of shareholders at the Annual Meeting were as follows:
Proposal 1. All of the eight nominees for director were elected to serve until the next annual meeting of shareholders or until their successors are duly elected. The result of the votes to elect the eight directors was as follows:
|
Name |
For |
Withheld |
BrokerNon-Votes |
|
David J. Anderson |
15,281,098 |
112,619 |
1,463,233 |
|
Jeffrey A. Graves |
15,125,899 |
267,818 |
1,463,233 |
|
David D. Johnson |
15,190,910 |
202,807 |
1,463,233 |
|
Randy J. Martinez |
15,191,536 |
202,181 |
1,463,233 |
|
Michael V. Schrock |
15,190,908 |
202,809 |
1,463,233 |
|
Gail P. Steinel |
15,277,817 |
115,900 |
1,463,233 |
|
Maximiliane C. Straub |
15,267,477 |
126,240 |
1,463,233 |
|
Chun Hung (Kenneth) Yu |
15,277,743 |
115,974 |
1,463,233 |
Proposal 2. The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending September29, 2018, was ratified by the vote set forth below:
|
For |
Against |
Abstain |
|
16,529,497 |
166,301 |
161,152 |
Proposal 3. The compensation of the Company’s named executive officers as disclosed in the proxy statement for the Annual Meeting was approved on an advisory basis by the votes set forth below:
|
For |
Against |
Abstain |
Broker Non-Votes |
|
14,928,054 |
292,260 |
173,403 |
1,463,233 |
About MTS SYSTEMS CORPORATION (NASDAQ:MTSC)
MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. Test also sells a range of accessories and spare parts, as well as services, including installation, calibration, maintenance, training and consulting. MTS’ sensors segment provides controls for a range of industrial and vehicular applications. The segment’s customer industries include manufacturers of plastic injection molding machines, steel mills, fluid power, oil and gas, medical, wood product processing equipment, mobile equipment, and energy.
