PIONEER POWER SOLUTIONS, INC. (NASDAQ:PPSI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
|
Submission of Matters to a Vote of Security Holders. |
At the Annual Meeting of Stockholders of Pioneer Power Solutions,
Inc. (the Company) held on May 11, 2017 (the Annual Meeting), the
following three proposals were submitted to a vote of the
Companys stockholders:
| (1) |
Election of seven directors to serve on the Companys board of directors for a term of one year or until their successors are elected and qualified, for which the following were nominees: Nathan J. Mazurek, Thomas Klink, Yossi Cohn, David J. Landes, Ian Ross, David Tesler and Jonathan Tulkoff. |
| (2) |
Ratification of the appointment of BDO USA, LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017. |
| (3) |
An advisory vote on executive compensation, as disclosed in the Companys proxy materials. |
For more information about the foregoing proposals, see the
Companys definitive proxy statement for the Annual Meeting, filed
with the Securities and Exchange Commission on April 13, 2017,
the relevant portions of which are incorporated herein by
reference. Holders of the Companys common stock were entitled to
one vote per share. The number of votes cast for and against and
the number of abstentions and broker non-votes with respect to
each matter voted upon are set forth below.
| (1) |
Each of the following nominees for director received the number of votes set forth opposite his name, constituting in each case a plurality of the votes cast at the Annual Meeting for the election of such director to serve for a term of one year or until his successor is duly elected and qualified: |
| Nominee | Votes For | Votes Withheld | Broker Non-Votes | |||
| Nathan J. Mazurek | 6,877,196 | 55,937 | 880,957 | |||
| Thomas Klink | 6,262,130 | 671,003 | 880,957 | |||
| Yossi Cohn | 6,637,852 | 295,281 | 880,957 | |||
| David J. Landes | 6,877,196 | 55,937 | 880,957 | |||
| Ian Ross | 6,637,852 | 295,281 | 880,957 | |||
| David Tesler | 6,913,728 | 19,405 | 880,957 | |||
| Jonathan Tulkoff | 6,637,852 | 295,281 | 880,957 |
| (2) |
The vote, based on votes cast in person or by proxy, for the proposal to ratify the appointment of BDO USA, LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017 was as follows: |
| Votes For | Votes Against | Votes Abstaining | ||
| 7,808,390 | 5,140 |
| (3) |
The vote, based on votes cast in person or by proxy, for the advisory vote on executive compensation was as follows: |
| Votes For | Votes Against | Votes Abstaining | Broker Non-Votes | |||
| 6,801,674 | 55,433 | 76,026 | 880,957 |
The results reported above are final voting results. No other
matters were considered or voted upon at the meeting.
–
–
About PIONEER POWER SOLUTIONS, INC. (NASDAQ:PPSI)
Pioneer Power Solutions, Inc. manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power). The T&D Solutions segment consists of two primary product categories: electrical transformers and switchgear. These solutions are marketed principally through its Pioneer Transformers Ltd., Jefferson Electric, Inc. and Pioneer CEP brand names. Its Critical Power business provides customers with power generation equipment, paralleling switchgear, related electrical distribution infrastructure, and a data collection and monitoring platform. These solutions are marketed by its operations in Minneapolis, doing business under the Pioneer Critical Power Inc. and Titan Energy Systems Inc. brand names. PIONEER POWER SOLUTIONS, INC. (NASDAQ:PPSI) Recent Trading Information
PIONEER POWER SOLUTIONS, INC. (NASDAQ:PPSI) closed its last trading session down -0.10 at 6.75 with shares trading hands.