TTM TECHNOLOGIES, INC. (NASDAQ:TTMI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March1, 2017, the Company filed a Form 8-K (the March 1st,
8-K) announcing, among other things, that Tom Tang, a member of
the Board, submitted a notice of resignation to the Board to the
terms of the Shareholders Agreement more fully described in the
March1st, 8-K. The Company advised that the Nominating and
Corporate Governance Committee of the Board (the Committee) and
the Board would consider Mr.Tangs resignation at its next
meeting. On May11, 2017, at the recommendation of the Committee,
the Board met and agreed not to accept Mr.Tangs resignation and
Mr.Tang agreed to rescind it. Mr.Tang will serve the remainder of
his term as a member of the Board.
| Item5.07. |
Submission of Matters to a Vote of Security Holders |
On May11, 2017, the Company held its 2017 Annual Meeting of
Stockholders (Annual Meeting). Of the 101,736,566 shares of
common stock outstanding on the record date, 91,356,581 shares
were present at the Annual Meeting in person or by proxy,
representing approximately 89.8% of the total outstanding shares
eligible to vote. All proposed measures passed and the Class II
Directors recommended by the Company were elected. The final
results for each of the matters submitted to a vote of
stockholders at the Annual Meeting are as follows:
Proposal 1 Election of Directors
|
Name |
VotesFor | VotesWithheld | BrokerNon-Votes | |||||||||
|
Kenton K. Alder |
79,250,437 | 4,347,538 | 7,758,606 | |||||||||
|
Julie S. England |
82,777,090 | 820,885 | 7,758,606 | |||||||||
|
Philip G. Franklin |
81,838,191 | 1,759,784 | 7,758,606 |
Proposal 2 Advisory Vote on Compensation of Named Executive
Officers
|
Votes For: |
82,662,096 | |||
|
Votes Against: |
356,832 | |||
|
Abstain: |
759,047 | |||
|
Broker Non-Votes |
7,758,606 |
Proposal 3 Advisory Vote on Frequency of Future Stockholder
Advisory Votes on Compensation of Named Executive Officers
|
One Year: |
71,045,656 | |||
|
Two Years: |
34,616 | |||
|
Three Years: |
11,955,820 | |||
|
Abstain: |
561,883 |
Proposal 4 Ratification of Appointment of Independent
Registered Public Accounting Firm
|
Votes For: |
90,678,671 | |||
|
Votes Against: |
146,125 | |||
|
Abstain: |
531,785 | |||
|
Broker Non-Votes |
About TTM TECHNOLOGIES, INC. (NASDAQ:TTMI)
TTM Technologies, Inc. is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico. The Company’s operating segments include PCB, which consists of approximately 15 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; over eight PCB fabrication plants in China and one in Canada, and E-M Solutions, which consists of approximately four custom electronic assembly plants; over three in China and one in Mexico. It serves a range of customer base, including manufacturers of networking/communications infrastructure products, smartphones and touchscreen tablets, as well as the aerospace and defense, computing and industrial/medical industries. TTM TECHNOLOGIES, INC. (NASDAQ:TTMI) Recent Trading Information
TTM TECHNOLOGIES, INC. (NASDAQ:TTMI) closed its last trading session down -0.54 at 16.03 with 1,878,109 shares trading hands.
