SINO AGRO FOOD, INC. (OTCMKTS:SIAF) 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.
On December 20, 2016, at the Annual Meeting of Shareholders of
Sino Agro Food, Inc. (the Company), the Companys
shareholders approved(i) electing seven directors named by the
Company (Lee Yip Kun, Daniel Ritchey, Tan Poay Teik, Chen Bor
Hann, Yap Koi Ming, Nils-Erik Sandberg and Soh Lim Chang), (ii)
ratification of ECOVIS David Yeung Hong Kong as the Companys
independent registered public accounting firm for the fiscal year
ending December 31, 2016 (Auditor Ratification)
(iii) the Companys 2016 Stock Incentive Plan, (iv) by non-binding
vote, the executive compensation disclosed in the Proxy Statement
(the Executive Compensation Advisory Vote), and
(v) by non-binding vote, the frequency with which the Company
should conduct future shareholder advisory votes on named
executive officer compensation (Advisory Vote
Frequency).
As of October 28, 2016, the record date for the meeting, the
Company had outstanding and entitled to vote 22,656,859 shares of
common stock and 100 shares of its outstanding Series A Preferred
Stock. The 100 shares of Series A Preferred Stock carry the
voting power of eighty percent (80%) of all votes entitled to be
voted at any annual or special meeting of shareholders of the
Company or action by written consent of our shareholders. Each
outstanding share of the Series A Preferred Stock shall represent
its proportionate share of the 80%, which is allocated to the
outstanding shares of Series A Preferred Stock. Accordingly, the
100 shares of Series A Preferred Stock carry the voting power of
90,627,436 shares of Common Stock for an aggregate of 113,284,295
shares of capital stock voting as a single class eligible to be
cast on any matter paced before the shareholders. The vote for
each proposal was as follows:
| Proposal | For |
Against |
Withheld | Abstain | Broker Non-Votes | ||||||||||||||
| 1. Election of Seven Directors | |||||||||||||||||||
| Lee Yip Kun (Solomon) | 92,451,479 | 168,380 |
92,619,859* 5,143,523** |
||||||||||||||||
| Daniel Ritchey | 92,486,774 | 133,085 |
92,619,859* 5,143,523** |
||||||||||||||||
| Tan Poay Teik (Peter) | 92,444,782 | 175,077 |
92,619,859* 5,143,523** |
||||||||||||||||
| Chen Bor Hann (Michael) | 92,442,762 | 177,097 |
92,619,859* 5,143,523** |
||||||||||||||||
| Yap Koi Ming (George) | 92,433,172 | 186,687 |
92,619,859* 5,143,523** |
||||||||||||||||
| Nils-Erik Sandberg | 92,471,683 | 148,176 |
92,619,859* 5,143,523** |
||||||||||||||||
| Soh Lim Chang (Anthony) | 92,436,367 | 183,492 |
92,619,859* 5,143,523** |
||||||||||||||||
| 2. Auditor Ratification | 97,179,175 | 506,603 | 77,603 | 97,763,382* | |||||||||||||||
|
3.2016 Stock Incentive Plan |
92,248,328 | 202,878 | 168,653 |
92,619,859* 5,143,523** |
|||||||||||||||
| 4. Executive Compensation Advisory Vote | 92,272,533 | 174,672 | 172,654 |
92,619,859* 5,143,523** |
|||||||||||||||
|
5. Advisory Vote Frequency |
92,543,162* 5,143,523** |
||||||||||||||||||
| 1 Year | 1,360,119 | 76,697 | |||||||||||||||||
| 2 Years | 113,300 | ||||||||||||||||||
| 3 Years | 91,069,743 | ||||||||||||||||||
| *Total **Broker Non-Vote | |||||||||||||||||||
About SINO AGRO FOOD, INC. (OTCMKTS:SIAF)
Sino Agro Food, Inc. is an agriculture technology and natural food holding company. The Company acquires and maintains equity stakes in a portfolio of companies to produce, distribute, market and sell protein food, and produce, primarily seafood and cattle. It provides consulting and services to joint venture partners to construct and operate food businesses, producing wholesale fish and cattle. It operates in five segments: Fishery Development Division operated by Capital Award, Inc. and Jiang Men City A Power Fishery Development Co., Limited; HU Plantation Division operated by Jiang Men City Heng Sheng Tai Agriculture Development Co., Limited; Organic Fertilizer and Bread Grass Division operated by Qinghai Sanjiang A Power Agriculture Co., Limited and Qinghai Zhong He Meat Products Co., Limited, among others; Cattle Farm Development Division operated by Jiang Men City Hang Mei Cattle Farm Development Co. Limited and Macau Eiji Company Limited, and Corporate and Others Division. SINO AGRO FOOD, INC. (OTCMKTS:SIAF) Recent Trading Information
SINO AGRO FOOD, INC. (OTCMKTS:SIAF) closed its last trading session down -0.09 at 4.00 with 14,066 shares trading hands.