SONOMA PHARMACEUTICALS, INC. (NASDAQ:SNOA) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
Our annual meeting of stockholders was held on September 8, 2017. Proxies were solicited to our definitive proxy statement filed on July 27, 2017 with the Securities and Exchange Commission under Section 14(a) of the Securities Exchange Act of 1934.
The number of shares of the Company’s common stock entitled to vote at the annual meeting was 4,301,463. The number of shares of common stock present or represented by valid proxy at the annual meeting was 3,249,821, of which 2,326,482 were broker non-votes. Each share of common stock was entitled to one vote with respect to matters submitted to the Company’s stockholders at the annual meeting. At the annual meeting, our stockholders voted on the matters set forth below.
Proposal 1 – Election of One Class III Director
Mr. Jerry McLaughlin was duly elected as our Class III director. The results of the election were as follows:
NOMINEE | FOR | WITHHELD |
Jerry McLaughlin | 829,230 | 94,109 |
Proposal 2 – Advisory Vote on Executive Compensation
Our stockholders voted upon and approved, by non-binding advisory vote, the compensation of our named executive officers, as described in our proxy statement dated July 27, 2017. The votes on this proposal were as follows:
FOR | AGAINST | ABSTAIN |
737,543 | 164,001 | 21,795 |
Proposal 3 – Ratification of the Appointment of Independent Registered Public Accounting Firm
Our stockholders voted upon and approved the ratification of the appointment of Marcum LLP as our independent registered public accounting firm for the fiscal year ending March 31, 2018. The votes on this proposal were as follows:
FOR | AGAINST | ABSTAIN |
2,707,633 | 40,516 | 501,672 |
About SONOMA PHARMACEUTICALS, INC. (NASDAQ:SNOA)
Sonoma Pharmaceuticals, Inc., formerly Oculus Innovative Sciences, Inc., is a specialty pharmaceutical company that develops and markets solutions for the treatment of dermatological conditions and advanced tissue care. The Company’s product portfolio consists of dermatology and advanced tissue care products based upon its technologies, such as Microcyn and Lipogrid. Microcyn is a small-molecule oxychlorine compound with antimicrobial and anti-inflammatory properties that, in clinical settings, reduces itch and pain associated with dermal irritations and wounds, such as sores, injuries and ulcers of dermal tissue. Lipogrid Technology contains selected lipids and a lipid precursor designed to penetrate the bilayers of the skin by blending with the natural lipid building blocks. Its products serve over five million patients across the globe by reducing infections, itch, pain, scarring and inflammatory responses. Its products are sold throughout the United States and internationally.