TECOGEN INC. (NASDAQ:TGEN) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
The following proposals were submitted to stockholders of Tecogen Inc. (the "Company) at its 2017Annual Meeting of Stockholders (the "Annual Meeting") held on June 29, 2017:
|
1. |
To elect five directors to the Board of Directors of the Company to hold office for one year until the 2018 annual meeting or until their successors are duly elected and qualified. |
|
2. |
To approve an amendment to the Tecogen 2006 Stock Incentive Plan. The amendment is to extend the expiration date of the Plan from January 1, 2016 to January 1, 2026 and to ratify all Company option grants made since January 1, 2016. |
|
3. |
To ratify the appointment of Wolf & Company, P.C., as the Company's independent registered public accounting firm. |
For more information about the forgoing proposals, see the Company's 2017 Proxy Statement.
The number of votes cast for and against, and the number of abstentions and broker non-votes with respect to each matter voted upon are set forth below:
1. Election of Directors
|
For |
Withheld |
Broker Non-Votes |
|
|
Angelina M. Galiteva |
7,363,983 |
2,022,261 |
2,856,993 |
|
John N. Hatsopoulos |
7,376,530 |
2,009,714 |
2,856,993 |
|
Charles T. Maxwell |
7,363,583 |
2,022,661 |
2,856,993 |
|
Ahmed F. Ghoniem |
8,903,713 |
482,531 |
2,856,993 |
|
Keith Davidson |
8,912,955 |
473,289 |
2,856,993 |
All of the nominees received a majority of the votes cast by stockholders entitled to vote thereon and, therefore, Ms.Angelina M. Galiteva, Mr. John N. Hatsopoulos, Mr. Charles T. Maxwell, Mr. Ahmed F. Ghoniem, and Mr. Keith Davidson were elected to serve as directors of the Company for terms of one year or until their resignation, or their successors are duly elected and qualified.
2. Approval of an amendment to the Company's 2006 Stock Incentive Plan.
|
For |
Withheld |
Against |
Abstain |
Broker Non-Votes |
|
|
Amendment to the Tecogen 2006 Stock Incentive Plan |
9,315,135 |
59,109 |
12,000 |
2,856,993 |
3. Ratification of the appointment of Wolf & Company, P.C. to serve as independent registered public accountants for the fiscal year ending December 31, 2017.
|
For |
Withheld |
Against |
Abstain |
Broker Non-Votes |
|
|
Wolf and Company P.C. |
10,866,068 |
58,793 |
1,318,376 |
About TECOGEN INC. (NASDAQ:TGEN)
Tecogen Inc. designs, manufactures, sells and maintains cogeneration products, including combined heat and power (CHP), air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The Company is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas. The Company manufactures over three types of CHP products, such as cogeneration units that supply electricity and hot water, chillers that provide air-conditioning and hot water, and water heaters. Its commercial product line includes the InVerde, InVerde e+ and TECOGEN cogeneration units; TECOCHILL chillers; Ilios high-efficiency water heaters, and Ultera emissions control technology. Its customers include hospitals and nursing homes, hotels and motels, office and retail buildings, and military installations. Its cogeneration systems and chillers use the engine, the TecoDrive 7400 model.
