SPARTON CORPORATION (NYSE:SPA) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
On November30, 2017, the Company held its 2017 Annual Meeting of shareholders. At the Annual Meeting, the shareholders voted on the following matters:
Proposal 1
Election of Directors
The seven nominees for a term ending at the 2018 Annual Meeting received the following votes:
|
Name |
For | Against | Abstain | BrokerNon-Votes |
|
Alan L. Bazaar |
6,403,720 | 392,845 | 34,901 | 1,360,825 |
|
James D. Fast |
6,565,724 | 255,012 | 10,730 | 1,360,825 |
|
Joseph J. Hartnett |
6,667,487 | 153,717 | 10,262 | 1,360,825 |
|
Charles R. Kummeth |
6,579,474 | 241,263 | 10,729 | 1,360,825 |
|
David P. Molfenter |
6,528,454 | 292,283 | 10,729 | 1,360,825 |
|
James R. Swartwout |
6,619,456 | 201,281 | 10,729 | 1,360,825 |
|
Frank A. Wilson |
6,623,958 | 196,784 | 10,724 | 1,360,825 |
Proposal 2
Ratification of the Appointment of Independent Registered Public Accountants
The proposal to ratify the appointment of BDO USA, LLP as the Company’s independent registered public accountants for the fiscal year ending July1, 2018 by an advisory vote received the following votes:
|
For |
Against |
Abstentions |
Broker Non-Votes |
|
7,776,753 |
235,521 | 180,017 |
Proposal 3
Advisory Vote on Named Executive Officer Compensation
The proposal to approve the Named Executive Officer compensation by an advisory vote received the following votes:
|
For |
Against |
Abstentions |
Broker Non-Votes |
|
6,500,218 |
157,874 | 173,374 | 1,360,825 |
Proposal 4
Advisory Vote on Frequency of the Shareholder Advisory Vote
on Named Executive Officer Compensation
The proposal relating to the frequency of the shareholder advisory vote to approve the compensation of Named Executive Officers received a majority of the votes cast in favor of an advisory vote every 1 YEAR with the votes below.
|
1 YEAR |
2 YEARS |
3 YEARS |
Abstentions |
Broker Non-Votes |
|
5,460,730 |
16,258 | 1,191,980 | 162,498 | 1,360,825 |
About SPARTON CORPORATION (NYSE:SPA)
Sparton Corporation is a provider of design, development and manufacturing services for electromechanical devices, as well as engineered products complementary to the same electromechanical value stream. The Company operates through two segments: Manufacturing & Design Services (MDS) and Engineered Components & Products (ECP). The Company serves the medical and biotechnology, military and aerospace, and industrial and commercial markets. Its products and services include offerings for original equipment manufacturers (OEM) and emerging technology (ET) customers, which utilize microprocessor-based systems, such as transducers, printed circuit boards and assemblies, and sensors, as well as development and design engineering services. It develops and manufactures sonobuoys, which are anti-submarine warfare (ASW) devices. The Company also manufactures rugged flat panel display systems for military panel personal computer workstations, air traffic control and industrial applications.