UBIQUITI NETWORKS, INC. (NASDAQ:UBNT) 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.
UBIQUITI NETWORKS, INC. (NASDAQ:UBNT) Files An 8-K Submission of Matters to a Vote of Security Holders
On December 11, 2018, Ubiquiti Networks, Inc. (the “Company”) held its Annual Meeting of Stockholders. The stockholders voted on the following proposals and cast their votes as described below.
Proposal 1: To elect two Class I directors to serve until the third annual meeting of the Company’s stockholders following their election or until their successors are duly elected and qualified, subject to earlier death, resignation or removal. This proposal was approved.
|
For |
Withhold |
Broker Non-Votes |
|
|
Michael E. Hurlston |
64,989,849 |
1,968,856 |
3,532,860 |
|
Rafael Torres |
64,727,249 |
2,231,456 |
3,532,860 |
Proposal 2: To ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2019. This proposal was approved.
|
For |
Against |
Abstain |
|
70,359,939 |
108,325 |
23,301 |
Proposal 3: To conduct a non-binding advisory vote to approve named executive officer compensation. This proposal was approved.
|
For |
Against |
Abstain |
Broker Non-Votes |
|
66,850,101 |
92,910 |
15,694 |
3,532,860 |
Proposal 4: To conduct a non-binding advisory vote on the frequency of holding future advisory stockholder vote on executive officer compensation. The option “Two Years” was approved.
|
On Year |
Two Years |
Three Years |
Abstain |
Broker Non-Votes |
|
4,135,994 |
62,774,584 |
41,492 |
6,635 |
3,532,860 |
About UBIQUITI NETWORKS, INC. (NASDAQ:UBNT)
Ubiquiti Networks, Inc. develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. Its enterprise product platforms provide wireless local area network (WLAN) infrastructure, video surveillance products, switching and routing solutions, and machine-to-machine communication components. Its products and solutions include radios, antennas, software, communications protocols and management tools that are designed to deliver carrier and enterprise class wireless broadband access and other services primarily in the unlicensed radio frequency spectrum. Its service provider and carrier solutions include Base Station/Backhaul/Customer Premise Equipment (CPE)/Bridge-airMAX, Network Routing Platform-EdgeMAX and Point-to-point Wireless Backhaul-airFiber.