TECHPRECISION CORPORATION (NASDAQ:TPCS) 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. |
On December 8, 2016, TechPrecision Corporation (the “Company”)
held its 2016 Annual Meeting of Stockholders (the “Annual
Meeting”). A total of 28,824,593 shares of the Company’s common
stock were entitled to vote as of November 11, 2016, the record
date for the Annual Meeting, of which 26,319,903 were present in
person or by proxy at the Annual Meeting. The final results for
each of the matters submitted to a vote of stockholders at the
Annual Meeting are as follows:
Proposal No. 1: All of the nominees for director were elected to
serve for a one-year term expiring on the date of the Company’s
2017 Annual Meeting of Stockholders by the votes set forth in the
table below:
|
Nominee |
For |
Withheld |
Broker Non-Votes |
|||
|
Leonard M. Anthony |
10,526,154 |
2,980,942 |
12,812,807 |
|||
|
Robert A. Crisafulli |
12,134,739 |
1,372,357 |
12,812,807 |
|||
|
Philip A. Dur |
10,450,435 |
3,056,661 |
12,812,807 |
|||
|
Michael R. Holly |
9,945,435 |
3,561,661 |
12,812,807 |
|||
|
Robert G. Isaman |
10,015,535 |
3,491,561 |
12,812,807 |
|||
|
Andrew A Levy |
12,437,205 |
1,069,891 |
12,812,807 |
|||
|
Richard S. McGowan |
12,134,739 |
1,372,357 |
12,812,807 |
|||
|
Walter M. Schenker |
12,298,950 |
1,208,146 |
12,812,807 |
Proposal No. 2: The appointment of Marcum LLP as the Company’s
independent registered public accounting firm for the fiscal year
ending on March 31, 2017 was ratified by the Company’s
stockholders by the votes set forth in the table below:
|
For |
Against |
Abstain |
||
|
24,768,769 |
216,381 |
1,334,753 |
Proposal No. 3: The adoption of the TechPrecision Corporation
2016 Equity Incentive Plan was adopted by the Company’s
stockholders by the votes set forth in the table below:
|
For |
Against |
Abstain |
Broker Non-Votes |
|||
|
11,246,930 |
2,093,101 |
167,065 |
12,812,807 |
Proposal No. 4: The compensation of the Company’s Named
Executive Officers as disclosed in the Company’s Proxy Statement
dated November 14, 2016 was approved by the Company’s
stockholders on an advisory, non-binding basis by the votes set
forth in the table below:
|
For |
Against |
Abstain |
Broker Non-Votes |
|||
|
12,875,580 |
463,951 |
167,565 |
12,812,807 |
Proposal No. 5: The frequency of holding future advisory votes on
the compensation of the Company’s Named Executive Officers was
approved by the Company’s stockholders on an advisory,
non-binding basis by the votes set forth in the table below:
|
One Year |
Two Years |
Three Years |
Abstain |
Broker Non-Votes |
||||
|
10,648,508 |
2,601,418 |
241,645 |
15,525 |
12,812,807 |
The board of directors of the Company, at a meeting held
immediately following the Annual Meeting, has determined, in
light of and consistent with the advisory vote of the Company’s
stockholders as to the preferred frequency of stockholder
advisory votes on the compensation of the Company’s Named
Executive Officers, to include a stockholder advisory vote on the
compensation of the Company’s Named Executive Officers in its
annual meeting proxy materials every year until the next advisory
vote on the frequency of stockholder votes on the compensation of
the Company’s Named Executive Officers.
About TECHPRECISION CORPORATION (NASDAQ:TPCS)