Qumu Corporation (NASDAQ:QUMU) Files An 8-K Submission of Matters to a Vote of Security HoldersITEM 5.07SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
On May 10, 2018, Qumu Corporation (the “Company”) held its Annual Meeting of Shareholders (the “Annual Meeting”). Of the 9,377,797 shares of the Company’s common stock outstanding and entitled to vote at the Annual Meeting on the March 29, 2018 record date, 8,618,941 shares, or approximately 91.9%, were present at the Annual Meeting either in person or by proxy.
The following describes the matters considered by the Company’s shareholders at the Annual Meeting, as well as the results of the votes cast at the meeting:
|
1. |
To elect seven (7) directors to serve until the next Annual Meeting of the Shareholders or until their respective successors have been elected and qualified. |
|
Nominee |
For |
Withhold |
Broker Non-Vote |
|
Vern Hanzlik |
3,475,367 |
1,632,476 |
3,511,098 |
|
Robert F. Olson |
3,453,761 |
1,654,082 |
3,511,098 |
|
Neil E. Cox |
4,916,222 |
191,621 |
3,511,098 |
|
Daniel R. Fishback |
3,453,761 |
1,654,082 |
3,511,098 |
|
Kenan Lucas |
5,001,028 |
106,815 |
3,511,098 |
|
Thomas F. Madison |
3,451,761 |
1,656,082 |
3,511,098 |
|
Kimberly K. Nelson |
4,054,881 |
1,052,962 |
3,511,098 |
|
2. |
To approve, on a non-binding advisory basis, the compensation paid to our named executive officers. |
|
For |
Against |
Abstain |
Broker Non-Vote |
|
3,971,150 |
167,613 |
969,080 |
3,511,098 |
|
3. |
To approve amendments to the Qumu Corporation Second Amended and Restated 2007 Stock Incentive Plan, including an amendment to increase the number of shares authorized for issuance by 500,000 shares. |
|
For |
Against |
Abstain |
Broker Non-Vote |
|
4,553,577 |
525,221 |
29,045 |
3,511,098 |
|
4. |
To ratify and approve the appointment of KPMG LLP as the independent registered public accounting firm for Qumu Corporation for the year ending December 31, 2018. |
|
For |
Against |
Abstain |
Broker Non-Vote |
|
7,707,898 |
902,817 |
8,226 |
As a result, each nominee was elected as a director of the Company and each other proposal was approved at the Annual Meeting.
Following the election of directors at the Annual Meeting, the Governance Committee recommended and the Board of Directors approved the composition of the standing committees of the Board of Directors to be as follows:
|
Audit Committee Kimberly K. Nelson (Chair) Kenan Lucas Thomas F. Madison |
Compensation Committee Daniel R. Fishback (Chair) Neil E. Cox Robert F. Olson |
Governance Committee Thomas F. Madison (Chair) Neil E. Cox Kenan Lucas Kimberly K. Nelson |
About Qumu Corporation (NASDAQ:QUMU)
Qumu Corporation (Qumu) is an enterprise video content management software company. The Company is engaged in providing tools businesses need to create, manage, secure, deliver and measure their videos. The Company operates through the enterprise video content management software business segment. Its video content management software solutions allow organizations to create, capture, organize and deliver content across the extended enterprise to a range of end points, including mobile devices and thick or thin clients. Qumu’s video platform supports both live and on-demand streaming. The Qumu platform is a video content management software solution that can be deployed as a perpetual software license, a term software license or a cloud-hosted software as a service (SaaS). Qumu Capture Studio is a portable software-enabled device that records, edits and publishes video and presentation content.