SMTC CORPORATION (NASDAQ:SMTX) Files An 8-K Submission of Matters to a Vote of Security Holders

SMTC CORPORATION (NASDAQ:SMTX) 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

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The Company held its annual meeting of stockholders on August 1, 2017. The stockholders were asked to vote on the four proposals listed below, which were described in detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on June 21, 2017. The final voting results for each proposal are set forth below.

Proposal 1 – Each of the four nominees for director was elected by the Company’s stockholders. The vote tabulation was as follows:

Nominee For Withheld Broker Non-Votes
Clarke Bailey 7,894,254 579,023 6,378,641
David Sandberg 7,704,044 769,233 6,378,641
Edward Smith 7,920,114 553,163 6,378,641
J. Randall Waterfield 7,612,244 861,033 6,378,641
Frederick Wasserman 7,604,914 868,363 6,378,641

Proposal 2 – The ratification of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year ending December 31, 2017 was approved by the Company’s stockholders. The vote tabulation was as follows:

For Against Abstain
13,555,511 1,249,120 47,287

Proposal 3 – The ratification of the extension of the SMTC Corporation Tax Benefits Preservation Plan for an additional three year period.

For Against Abstain Broker Non-Votes
7,849,553 604,874 18,850 6,378,641

Proposal 4 – The non-binding advisory vote regarding the compensation of the Company’s named executives was approved by the Company’s stockholders. The vote tabulation was as follows:

For Against Abstain Broker Non-Votes
7,880,192 482,590 110,495 6,378,641


About SMTC CORPORATION (NASDAQ:SMTX)

SMTC Corporation (SMTC) is a provider of electronics manufacturing services (EMS). The Company’s manufacturing services include product design and sustaining engineering services, printed circuit board assembly (PCBA), production, enclosure fabrication, systems integration and testing services, configuration to order, build to order and direct order fulfillment. Its geographic segments include the United States, Mexico and China. SMTC offers integrated contract manufacturing services to global original equipment manufacturers and technology companies primarily within the industrial, networking and computing, communications and medical market sectors. SMTC offers over three vertically integrated manufacturing streams, such as enclosures and precision metal fabrication products, PCBA products and larger-scale systems. For each of these streams, SMTC provides a range of manufacturing services, from assembly, test to system level test and end customer order fulfillment.

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