Ormat Technologies, Inc. (NYSE:ORA) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
|
Submission of Matters to a Vote of Security |
INFORMATION TO BE INCLUDED IN THE REPORT
|
Item 5.07. |
Submission of Matters to a Vote of Security |
On May8, 2017, Ormat Technologies, Inc. (the Company) held its
Annual Meeting of Stockholders, at which the Companys
stockholders approved the following proposals: (1) the
re-election of Stanley B. Stern, David Granot and Robert E.
Joyal to the Companys Board of Directors; (2) ratification of
the appointment of PricewaterhouseCoopers LLP to act as the
Companys independent auditors for the fiscal year ending
December 31, 2017; (3) approval of the compensation of the
Companys named executive officers on an advisory basis; and (4)
adoption of the Companys Third Amended and Restated Certificate
of Incorporation. The Companys stockholders also approved, on
an advisory basis, every one year as the frequency with which
the Company should hold its advisory vote to approve the
executive compensation of its named executive officers.
The results of the votes were as follows:
|
Proposal |
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
||||
|
Election of Director Stanley Stern |
36,623,154 |
2,970,884 |
17,722 |
999,577 |
||||
|
Election of Director David Granot |
39,185,432 |
408,554 |
17,773 |
|||||
|
Election of Director Robert E. Joyal |
39,186,646 |
407,291 |
17,823 |
|||||
|
Proposal |
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
||||
|
Ratification of Appointment of PricewaterhouseCoopers LLP |
40,005,880 |
269,590 |
335,780 |
|||||
|
Proposal |
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
||||
|
Approval, on an advisory basis, of the compensation of |
32,513,228 |
7,033,748 |
64,783 |
999,577 |
||||
|
Proposal |
Every 1 Year |
Every 2 Years |
Every 3 Years |
Abstentions |
Broker Non-Votes |
|||
|
Recommendation, on an advisory basis, of the frequency of |
30,573,061 |
11,711 |
8,924,712 |
102,362 |
999,491 |
|||
|
Proposal |
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
||||
|
Adopt the Third Amendment and Restated Certificate of |
37,802,886 |
1,706,519 |
102,355 |
999,577 |
||||
In light of the Companys stockholders approval at the Annual
Meeting of Stockholders of every one year as the frequency with
which the Company should hold its advisory vote to approve the
executive compensation of its named executive officers, the
Company, following the recommendation of its stockholders, has
decided to hold the advisory vote on the compensation of its
named executive officers every one year until the next required
vote on the frequency of stockholder votes on the compensation
of the Companys named executive officers.
About Ormat Technologies, Inc. (NYSE:ORA)
Ormat Technologies, Inc. is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. The Company’s equipment manufacturing operations are located in Israel. The Company conducts its business activities in two business segments: Electricity segment and Product segment. The Company’s Electricity segment develops, builds, owns and operates geothermal and recovered energy-based power plants in the United States and geothermal power plants in other countries around the world, and sells the electricity it generates. The Company’s Product Segment designs, manufactures and sells equipment for geothermal and recovered energy-based electricity generation, remote power units and other power generating units, and provide services relating to the engineering, procurement, construction, operation and maintenance of geothermal, and recovered energy-based power plants. Ormat Technologies, Inc. (NYSE:ORA) Recent Trading Information
Ormat Technologies, Inc. (NYSE:ORA) closed its last trading session down -0.83 at 56.85 with 649,477 shares trading hands.
