RICHARDSON ELECTRONICS, LTD. (NASDAQ:RELL) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders
As reported in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission onOctober 12, 2017, at the 2017 Annual Meeting of Shareholders, a majority of the shareholders of the Company voted to recommend that the Company conduct future advisory votes on the compensation of its named executive officers on an annual basis (the “Say on Frequency Vote”).
In light of the results of the Say on Frequency Vote and other factors, the Board of Directors determined that the Company will hold future advisory votes on the compensation of its named executive officers on an annual basis until the next Say on Frequency Vote is conducted or until the Board of Directors determines that it is in the best interest of the Company to hold such votes with a different frequency. The next Say on Frequency Vote is expected to occur at the Company’s 2023 Annual Meeting of Shareholders.
About RICHARDSON ELECTRONICS, LTD. (NASDAQ:RELL)
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes, and related consumables; power conversion, and radio frequency (RF) and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment, and customized display solutions. The Company’s segments include Power and Microwave Technologies Group, which provides engineered solutions and distributes electronic components to customers in alternative energy, aviation, broadcast, communications, industrial, medical, military, scientific and semiconductor markets; Canvys, which provides customized display solutions to corporate enterprise, financial, healthcare, industrial and medical original equipment manufacturers markets, and Healthcare, which manufactures, distributes and services replacement parts for the healthcare market, including hospitals, medical centers, independent service organizations and multi-vendor service providers.