ORIENT PAPER, INC. (NYSEMKT:ONP) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting of Stockholders on December 8, 2017, Beijing, China time (the “Annual General Meeting”).A total of14,892,783shares of common stock, representing 69.43% of the shares outstanding and eligible to vote and constituting a quorum, were represented in person or by valid proxies at the Annual General Meeting.The final results for each of the matters submitted to a vote of stockholders at the Annual General Meeting as set forth in the Proxy Statement are as follows:
Proposal 1. Both of the two nominees for directors in Class I were elected to serve until the 2019 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified, or until such director’s earlier resignation, removal or death.The result of the votes to elect the two directors was as follows:
| DIRECTORS: | FOR | WITHHELD | ABSTAIN | BROKER NON-VOTE |
| Marco Ku Hon Wai | 10,635,407 | 177,283 | 5,070,093 | |
| Wenbing Christopher Wang | 10,635,407 | 177,283 | 5,070,093 |
Proposal 2.The compensation of the named executive officers as disclosed in the Company’s Proxy Statement was approved on an advisory basis by the votes set forth in the table below:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES |
| 9,985,243 | 742,622 | 84,825 | 5,070,093 |
Proposal 3.The stockholders recommended, on an advisory basis, that the frequency of the stockholder vote to approve the compensation of the named executive officers every three years by the votes set forth in the table below:
| ONE YEAR | TWO YEARS | THREE YEARS | ABSTAIN | BROKER NON-VOTES |
| 1,267,839 | 705,366 | 8,766,260 | 73,225 | 5,070,093 |
Proposal 4. The appointment of BDO China Shu Lun Pan CPAs LLP (“BDO”) as the Company’s independent registered public accounting firm for fiscal 2017 was ratified by the stockholders by the votes set forth in the table below:
| FOR | AGAINST | ABSTAIN |
| 14,525,294 | 234,069 | 133,420 |
There were no broker non-votes with respect to the appointment of BDO.
Item 8.01 Other Events.
On December 11, 2017, the Company issued a press release announcing the results of the Company’s 2017 Annual General Meeting of Stockholders, which was held on December 8, 2017, Beijing, China time. A copy of the press release that discusses this matter is filed as Exhibit 99.1 to, and incorporated by reference in this report.
Item 9.01Financial Statements and Exhibits
(d)Exhibits.
| 99.1 | Press release, dated December 11, 2017, issued by Orient Paper, Inc. |
Orient Paper Inc. ExhibitEX-99.1 2 f8k120817ex99-1_orientpaper.htm PRESS RELEASE,…To view the full exhibit click here
About ORIENT PAPER, INC. (NYSEMKT:ONP)
Orient Paper, Inc. is a holding company for the Hebei Baoding Orient Paper Milling Company Limited (Orient Paper HB), a producer and distributor of paper products in China. The Company is engaged in production and distribution of four categories of paper products: corrugating medium paper (CMP), offset printing paper, digital photo paper and tissue paper products. The Company, through Baoding Shengde Paper Co., Ltd. (Orient Paper Shengde), is engaged in production and distribution of digital photo paper. The Company operates through two segments: Orient Paper HB, which produces printing paper and CMP, and Orient Paper Shengde, which produces digital photo paper. CMP is used in the manufacturing of cardboard. The Company has over two corrugating medium paper production lines, including PM6 and PM1. The Company also produces finished tissue paper products that are marketed and sold under the Orient Paper brand.