ORBCOMM Inc. (NASDAQ:ORBC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submission of Matters to a Vote of Security Holders
On April 19, 2017, ORBCOMM, Inc. (the Company) held its 2017
Annual Meeting of Shareholders.The final results for each of the
proposals submitted for shareholder vote at the Annual Meeting
are set forth below.
Proposal 1: Election of three Class II directors with terms
expiring at the 2020 Annual Meeting.
|
Name |
Votes For |
Votes Withheld |
Broker Non-Votes |
|
Marc Eisenberg |
52,615,735 |
2,199,639 |
10,930,719 |
|
Timothy Kelleher |
52,946,794 |
1,868,580 |
10,930,719 |
|
John Major |
51,223,132 |
3,592,242 |
10,930,719 |
Proposal 2: Ratification of the appointment of Grant Thornton LLP
as the Company’s independent registered public accounting firm
for the fiscal year ending December 31, 2017.
|
Votes For |
Votes Against |
Abstentions |
|
65,678,983 |
19,659 |
47,451 |
Proposal 3: Advisory vote to approve executive compensation.
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
41,738,406 |
11,948,209 |
1,128,759 |
10,930,719 |
Proposal 4: Advisory vote on frequency of executive compensation
shareholder vote.
|
1 Year |
2 Year |
3 Year |
Abstentions |
Broker Non-Votes |
|
44,342,271 |
750,282 |
7,004,478 |
2,718,343 |
10,930,719 |
The option of holding the advisory vote on executive compensation
every year was selected, on an advisory basis, by more than 50%
of the votes cast on the proposal.
About ORBCOMM Inc. (NASDAQ:ORBC)
ORBCOMM Inc. is a provider of machine-to-machine (M2M) solutions, including network connectivity, devices and Web reporting applications. The Company’s M2M products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, intermodal containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in the transportation and distribution, heavy equipment, oil and gas, maritime and government industries. It provides Automatic Identification System (AIS) data services to assist in vessel navigation and to improve maritime safety to government and commercial customers across the world. The Company provides its services using various network platforms, including its own constellation of approximately 40 low-Earth orbit (LEO) satellites and its accompanying ground infrastructure. ORBCOMM Inc. (NASDAQ:ORBC) Recent Trading Information
ORBCOMM Inc. (NASDAQ:ORBC) closed its last trading session down -0.04 at 9.61 with 896,416 shares trading hands.
