NEW ULM TELECOM, INC. (OTCMKTS:NULM) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 – Submission of Matters to a Vote of Security Holders
New Ulm Telecom, Inc.’s (“NU Telecom”) Annual Meeting of Shareholders was held on May 24, 2018. Proxies representing 3,580,940 shares, or 69.34% of the 5,164,274 outstanding shares entitled to vote were present at the Annual Meeting, which constituted a quorum. The shareholder voting results for the election of three directors and the ratification of the appointment of NU Telecom’s independent registered public accounting firm are presented as follows:
Proposal 1. The following three directors were elected to serve until the 2021 Annual Meeting and until the election and qualification of their respective successors, as follows:
Nominees |
Votes For |
Votes Withheld |
Broker Non-Votes |
Dennis E. Miller |
2,244,955 |
69,776 |
1,266,209 |
Wesley E. Schultz |
2,135,622 |
179,109 |
1,266,209 |
Suzanne M. Spellacy |
2,244,011 |
70,720 |
1,266,209 |
Proposal 2. Shareholders ratified the appointment of Olsen, Thielen & Company, Ltd. as the Company’s independent registered public accounting firm for the 2018 fiscal year, as follows:
Votes For |
Votes Against |
Abstentions |
3,558,945 |
16,168 |
5,827 |
About NEW ULM TELECOM, INC. (OTCMKTS:NULM)
New Ulm Telecom, Inc. (NU Telecom) is a communications company. The Company offers a range of communications products and services. It operates through Telecom Segment. NU Telecom’s principal line of business is the operation of over five local telephone companies or incumbent local exchange carriers (ILEC) and the operation of over two local exchange carriers (CLEC) telephone companies. Its ILEC and CLEC businesses provide local telephone service and network access to other telecommunications carriers for connections to its networks. It also provides long distance service, broadband Internet access, video services, and managed and hosted solutions services. Its businesses provide Internet protocol television (IPTV), cable television services (CATV), Internet access services, including high-speed broadband access, and long distance service. It also installs and maintains communications systems to the areas in and around its service territories in southern Minnesota and northern Iowa.