TELKONET, INC. (OTCMKTS:TKOI) 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.
Telkonet,Inc. (the Company) held its Annual Meeting of
Stockholders (Annual Meeting) on June1, 2017. Set forth below are
the results of the matters voted on by the Company’s
stockholders at the Annual Meeting.
| a) |
Under plurality voting, the five nominees who receive the most Voted For votes are elected as directors. The certified tabulation of voting results provided by the independent inspector of elections is set forth below: |
|
Board of Directors Nominees: |
Votes For | Votes Withheld | ||
| Arthur E. Byrnes | 33,118,425 | 1,499,082 | ||
| Jason L. Tienor | 29,041,685 | 5,575,822 | ||
| Tim S. Ledwick | 32,489,473 | 2,128,034 | ||
| Peter T. Kross | 33,603,539 | 1,013,968 | ||
| Leland D. Blatt | 33,406,539 | 1,210,968 |
| b) |
According to the certified tabulation of voting results provided by the independent inspector of elections, the stockholders ratified the appointment of BDO USA, LLP as the Companys independent registered public accounting firm for the year ended December31, 2017: |
| Votes For | Votes Against | Abstain | ||
| 78,830,914 | 1,009,814 | 740,620 | ||
| c) |
According to the certified tabulation of voting results provided by the independent inspector of elections, the stockholders ratified an amendment to our Amended and Restated Articles of Incorporation to effect, at the discretion of our Board of Directors, a reverse stock split of our common stock, par value $0.001 per share, at any time prior to next years Annual Meeting of Stockholders by a ratio of not less than 1-for-10 and not more than 1-for-100, with the specific ratio, timing and terms to be determined by our Board of Directors: |
| Votes For | Votes Against | Abstain | ||
| 66,220,391 | 12,646,774 | 1,714,183 | ||
| d) |
According to the certified tabulation of voting results provided by the independent inspector of elections, the stockholders ratified, on an advisory basis, the compensation of the Companys named executive officers as disclosed in the Companys Proxy Statement. The results of the vote are in the table below: |
| Votes For | Votes Against | Abstain | ||
| 26,981,521 | 2,744,527 | 4,891,459 |
There were no broker non-votes for matter b) listed above.
About TELKONET, INC. (OTCMKTS:TKOI)
Telkonet, Inc. (Telkonet) provides EcoSmart Platform of intelligent automation solutions to support the Internet of Things. The Company’s business is based on two synergistic divisions: EcoSmart Energy Management Technology (EcoSmart division) and EthoStream High Speed Internet Access (HSIA) Network (EthoStream division). The EcoSmart division offers intelligent automation solutions. The EthoStream division provides the underlying networking technology. Telkonet serves the hospitality, education, military, public housing and healthcare markets. Its EcoSmart Platform consists of over four main pillars, which include EcoSmart Suite, EcoCentral Virtual Engineer, EcoCare and EcoMobile. EthoStream is an HSIA that provides services to approximately eight million users monthly across a network of over 2,300 locations. EthoStream offers solutions for various public access locations with a range of product and service offerings and management platform available for HSIA networks.