Sonic Foundry, Inc. (NASDAQ:SOFO) 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
quorum consisting of approximately 86% of the Company’s common
stock issued and outstanding was represented either in person or by
proxy. At the meeting the following proposals were approved by the
stockholders:
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1.
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To elect one director to hold office for a term of five
years, and until his successor is duly elected and qualified. |
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2.
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To approve, by a non-binding advisory vote, of the
compensation paid by the Company to its Named Executive Officers; |
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3.
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To select, by a non-binding advisory vote, the frequency at
which the stockholders of the Company will be asked to approve, by a non-binding advisory vote, the compensation paid by the Company to its Named Executive Officers; |
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4.
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To vote on a Proposal to amend the 2008 Sonic Foundry
Employee Stock Purchase Plan to increase the number of shares of common stock subject to the plan from 150,000 to 200,000. |
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5.
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To vote on a Proposal to amend the 2009 Stock Incentive Plan
to increase the number of shares of common stock subject to the plan from 1,800,000 to 2,700,000. |
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6.
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To vote on a Proposal to amend the 2008 Sonic Foundry
Non-Employee Directors Stock Option Plan to increase the number of shares of common stock subject to the plan from 100,000 to 150,000. |
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7.
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To ratify the appointment of Baker Tilly Virchow Krause LLP
as our independent auditors for the fiscal year ending September 30, 2017. |
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For
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Against
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Withheld
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Abstention
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Broker
Non-votes
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Proposal #1:
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Brian T. Wiegand
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1,425,505
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138,761
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2,255,660
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Proposal #2
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1,259,794
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210,089
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94,383
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2,255,660
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Proposal #4
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1,262,903
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200,595
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100,768
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2,255,660
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Proposal #5
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1,038,241
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422,450
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103,575
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2,255,660
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Proposal #6
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1,137,372
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325,905
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100,989
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2,255,660
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Proposal #7
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3,644,401
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136,417
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39,108
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1 Year
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2 Years
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3 Years
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Abstention
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Broker Non-votes
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Proposal #3
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397,226
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64,364
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1,094,450
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8,226
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2,255,660
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About Sonic Foundry, Inc. (NASDAQ:SOFO)
Sonic Foundry, Inc. is engaged in the business of providing enterprise solutions and services for the Web communications market. The Company operates in geographic regions, including the United States, Europe and Middle East, and Asia. The Company is engaged in offering video capture, management and Webcasting solutions in sectors, such as education, business and government. The Company’s Mediasite Video Platform transforms communications, training, education and events for its customers. The Company sells Mediasite recorders and server software products and related services contracts, such as customer support, installation, customization services, training, content hosting and event services. The Mediasite video platform delivers live and on-demand video on screen. The Mediasite Video Cloud provides an option for video streaming, storage and management for organizations. The Mediasite ML Recorders are designed for on-the-go Webcasting, hybrid events, guest speakers and conferences. Sonic Foundry, Inc. (NASDAQ:SOFO) Recent Trading Information
Sonic Foundry, Inc. (NASDAQ:SOFO) closed its last trading session up +0.58 at 5.25 with 44,263 shares trading hands.
