STR Holdings, Inc. (OTCMKTS:STRI) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
On December 5, 2017 STR Holdings, Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). The Company’s stockholders approved each of the four proposals detailed in the Company’s Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on October 25, 2017.
The proposals voted on by the stockholders at the Annual Meeting were as follows:
1.The Company’s stockholders elected seven individuals to the Board of Directors to serve one-year terms or until their successors are duly qualified and elected or until their earlier death, resignation or removal, as set forth below:
| Nominee | Votes For | Votes Withheld | Broker Non-Votes |
| Robert S. Yorgensen | 11,979,143 | 220,227 | 5,514,815 |
| Lenian (Charles) Zha | 11,978,090 | 221,280 | 5,514,815 |
| HuiYing (Julia) Ju | 11,978,073 | 221,297 | 5,514,815 |
| John A. Janitz | 11,981,242 | 218,128 | 5,514,815 |
| Andrew M. Leitch | 11,981,242 | 216,128 | 5,514,815 |
| Xin (Cindy) Lin | 11,976,073 | 223,297 | 5,514,815 |
| Ping (Daniel) Yu | 11,981,756 | 217,614 | 5,514,815 |
2.The Company’s stockholders approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 11,821,631 | 342,973 | 34,766 | 5,514,815 |
3.The Company’s stockholders approved, on a non-binding, advisory basis, a frequency of an advisory vote on the compensation of the Company’s named executive officers of every THREE YEARS.
| One Year | Two Years | Three Years | Abstentions | Broker Non-Votes |
| 2,003,750 | 2,903 | 10,113,849 | 78,868 | 5,514,815 |
In light of these voting results and other factors considered by the Board of Directors, the Board of Directors has determined that the Company will include a stockholder vote on the compensation of the Company’s named executive officers in its proxy materials every three years until the next required vote on the frequency of stockholder votes on the compensation of the Company’s named executive officers.
4.The Company’s stockholders ratified the appointment of UHY LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017, as set forth below:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 17,014,571 | 469,464 | 230,150 |
About STR Holdings, Inc. (OTCMKTS:STRI)
STR Holdings, Inc. is a holding company. The Company is a provider of encapsulants to the solar industry. Encapsulant is a component used to protect solar cells and hold solar modules together. The Company has developed ethylene-vinyl acetate (EVA)-based encapsulants for use in commercial solar module manufacturing. The Company’s encapsulant formulations offer a range of properties and processing attributes, including various curing times and temperatures that align with the requirements of its customers’ individual lamination processes and module constructions. The Company’s formulations can be used in both crystalline silicon and thin-film modules. The Company operates production facilities in Llanera, Asturias, Spain and Shajiabang, Changshu, Jiangsu Province, China. It has a total annual production capacity of approximately 5.1 gigawatts. Its customers are solar module manufacturers located mainly in North America, Europe and Asia.
