Patriot Scientific Corporation (OTCMKTS:PTSC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
Patriot Scientific Corporation (the “Company”) held its 2017 Annual Meeting on June 1, 2018.Out of 401,392,948 shares of our Common Stock (as of the record date of April 2, 2018) entitled to vote at the Annual Meeting, there were 274,708,641 shares present in person or represented by proxy, representing 68.43% of the total outstanding shares of our Common Stock entitled to vote.
The final voting results of each proposal are set forth below.
Proposal No. 1: Election of the Board of Directors to serve until the Company’s 2018 Annual Meeting of Stockholders.
|
Directors |
Votes For |
Votes Withheld |
Broker Non-Votes |
| Gloria H. Felcyn | 16,639,117 | 16,882,876 | 241,186,648 |
| Carlton M. Johnson, Jr. | 16,793,216 | 16,728,777 | 241,186,648 |
| Clifford L. Flowers | 16,911,989 | 16,610,004 | 241,186,648 |
Proposal No. 2:To ratify management’s selection of KMJ Corbin& Company LLP as our independent auditors.
|
Votes For |
Votes Against |
Abstain |
| 193,684,232 | 69,649,469 | 11,374,940 |
Proposal No. 3: To approve, on an advisory basis, the compensation of the named executive officers, as disclosed in our Proxy Statement for the 2017 Annual Meeting of Stockholders.
|
Votes For |
Votes Against |
Abstain |
Broker Non-Votes |
| 13,335,214 | 17,671,756 | 2,515,023 | 241,186,648 |
About Patriot Scientific Corporation (OTCMKTS:PTSC)
Patriot Scientific Corporation (PTSC) is an intellectual-property licensing company. The Company holds a range of patents covering the design of microprocessor chips. Chips with PTSC’s technology are used across the world in products ranging from computers and cameras to printers, automobiles and industrial devices. PTSC’s technology is also used in cell phones and entertainment systems. The Company’s patents, collectively known as the Moore Microprocessor Patent (MMP) Portfolio, are licensed through its joint-venture, Phoenix Digital Solutions. The Company, through Phoenix Digital Solutions, is also engaged in pursuing the commercialization of its microprocessor technologies through broad and open licensing, and by litigating against those who may be infringing on its patents.