SAKER AVIATION SERVICES, INC. (OTCMKTS:SKAS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 29, 2018, the Board of Directors’ of Saker Aviation Services, Inc. (the “Company”) appointed Ronald J. Ricciardi to serve as the Company’s Chief Executive Officer. Mr. Ricciardi will also continue to serve as the Company’s President and as a Director of the Company. Disclosure regarding Mr. Ricciardi’s business experience is contained in the Company’s definitive Proxy Statement filed with the Securities and Exchange Commission on October 19, 2018 under the heading “Proposal One – Election of Directors,” the applicable portions of which sections are hereby incorporated herein by reference.
|
Item 5.07 |
Submission of Matters to a Vote of Security Holders. |
At the Company’s Annual Meeting of Stockholders held on November 29, 2018, the Company’s stockholders voted on the matters described below.
|
1. |
The Company’s stockholders elected five directors, each for a one year term expiring in 2019. The number of shares that: (i) voted for the election of each such director; (ii) withheld authority to vote for each such director; and (iii) represented broker non-votes with respect to each such director is summarized in the table below. |
|
Director Nominee |
Votes For |
Votes Withheld |
Broker Non-Votes* |
|
William B. Wachtel |
11,043,243 |
3,200,458 |
8,941,310 |
|
Ronald J. Ricciardi |
13,620,403 |
623,298 |
8,941,310 |
|
Marc Chodock |
13,628,055 |
615,646 |
8,941,310 |
|
Samuel Goldstein |
13,628,055 |
615,646 |
8,941,310 |
|
Roy P. Moskowitz |
13,628,055 |
615,646 |
8,941,310 |
|
2. |
The Company’s stockholders ratified the selection of Kronick Kalada Berdy & Co. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018. |
|
Votes For |
Votes Against |
Abstentions |
|
22,548,318 |
597,000 |
39,693 |
* Broker non-votes represent shares held by broker nominees for beneficial owners that were not voted with respect to a non-routine proposal because the broker nominee did not receive voting instructions from the beneficial owner and lacked discretionary authority to vote the shares. If a broker does not receive voting instructions from the beneficial owner, a broker may vote on routine matters but may not vote on non-routine matters. Broker non-votes are counted for the purpose of determining the presence of a quorum but are not counted for the purpose of determining the number of shares entitled to vote on non-routine matters such as an election of directors.
About SAKER AVIATION SERVICES, INC. (OTCMKTS:SKAS)
Saker Aviation Services, Inc. through its subsidiaries, operates in the aviation services segment of the general aviation industry. The Company serves as the operator of a heliport, a fixed base operation (FBO), as a provider of aircraft maintenance, repair and overhaul (MRO) services, and as a consultant for a seaplane base. FBOs provide ground-based services, such as fueling and aircraft storage for general aviation, commercial and military aircraft, and other miscellaneous services. The Company’s business activities are carried out as the operator of the Downtown Manhattan (New York) Heliport. The Company acts as an FBO at the Garden City (Kansas) Regional Airport, as an MRO at the Bartlesville (Oklahoma) Municipal Airport, and as a consultant to the operator of a seaplane base in New York City.