Patriot Scientific Corporation (OTCMKTS:PTSC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submission of Matters to a Vote of Security Holders.
Patriot Scientific Corporation (the Company) held its 2016 Annual
Meeting on May 4, 2017.Out of 401,392,948 shares of our Common
Stock (as of the record date of March 9, 2017) entitled to vote
at the Annual Meeting, there were 255,102,024 shares present in
person or represented by proxy, representing 63.55% 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 Companys 2017 Annual Meeting of Stockholders.
|
Directors |
Votes For |
Votes Withheld |
Broker Non-Votes |
|||
| Gloria H. Felcyn | 12,904,700 | 31,511,786 | 210,685,538 | |||
| Carlton M. Johnson, Jr. | 18,152,684 | 26,263,802 | 210,685,538 | |||
| Clifford L. Flowers | 19,510,184 | 24,906,302 | 210,685,538 |
Proposal No. 2:To ratify the appointment of KMJ Corbin Company
LLP as our independent registered public accounting firm for the
current fiscal year ending May 31, 2017.
|
Votes For |
Votes Against |
Abstain |
|||
| 158,079,982 | 76,780,383 | 20,241,659 |
Proposal No. 3: To approve, on an advisory basis, the
compensation of the named executive officers, as disclosed in our
Proxy Statement for the 2016 Annual Meeting of Stockholders.
|
Votes For |
Votes Against |
Abstain |
Broker Non-Votes |
|||
| 13,027,032 | 28,669,403 | 2,720,051 | 210,685,538 |
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. Patriot Scientific Corporation (OTCMKTS:PTSC) Recent Trading Information
Patriot Scientific Corporation (OTCMKTS:PTSC) closed its last trading session 00.0000 at 0.0179 with 120,602 shares trading hands.
