TOROTEL, INC. (OTCMKTS:TTLO) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
-
0

TOROTEL, INC. (OTCMKTS:TTLO) 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 September18, 2017, the Company held its 2017 annual meeting of shareholders at its principal executive offices at 520 N. Rogers Road, Olathe, Kansas 66062. Set forth below are the voting results for each of the matters submitted to a vote of the shareholders.

Proposal 1

The Company’s shareholders elected the following director to serve for a three-year term. The voting results are set forth below.

For

Authority Withheld

Broker Non-Votes

Barry B. Hendrix

4,715,652

16,165

970,165

Proposal 2

The Company’s shareholders ratified the appointment of RubinBrown LLP as the Company’s independent registered public accounting firm for the fiscal year ending April 30, 2018. The voting results are set forth below.

,

For

Against

Abstained

5,690,090

415

11,477

Proposal 3

The Company’s shareholders approved, by an advisory vote, the compensation paid to Torotel’s named executive officers.The voting results are set forth below.

,

For

Against

Abstain

Broker Non-Votes

4,403,251

240,422

88,144

970,165


About TOROTEL, INC. (OTCMKTS:TTLO)

Torotel, Inc. (Torotel) conducts its business through its subsidiary, Torotel Products, Inc. (Torotel Products). Torotel Products specializes in the custom design and manufacture of a range of precision magnetic components, consisting of transformers, inductors, reactors, chokes, toroidal coils, high voltage transformers, dry-type transformers and electro-mechanical assemblies. Torotel Products sells these products to original equipment manufacturers, which use them in products, such as aircraft navigational equipment, digital control devices, medical equipment, avionics equipment, down-hole drilling, conventional missile guidance systems, and other defense and commercial aerospace applications. Its products are used to modify and control electrical voltages and currents in electronic devices. Torotel Products has a line of approximately 400 hertz (Hz) miniature power transformers. Torotel Products has a primary base of over 20 customers.