Vishay Precision Group, Inc. (NYSE:VPG) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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Vishay Precision Group, Inc. (NYSE:VPG) 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 May 25, 2017, the Company held its 2017 Annual Meeting of
Stockholders (the Annual Meeting). A total of 12,192.500 shares of
the Companys common stock and 1,025,158 shares of the Companys
Class B common stock were entitled to vote as of April 4, 2017, the
record date for the Annual Meeting, of which 12,378.409 were
present in person or by proxy at the Annual Meeting (representing
21,527,710 total votes). Each share of common stock is entitled to
one vote, and each share of Class B common stock is entitled to ten
votes. The following is a summary of the final voting results for
each matter presented to stockholders.
Proposal 1: Election of Directors
The Companys stockholders voted to elect Janet Clarke, Saul
Reibstein, Ziv Shoshani, Timothy Talbert, Cary Wood and Marc
Zandman to serve as directors of the Company for a one-year term
expiring on the date of the Companys 2018 Annual Meeting of
Stockholders. The number of votes cast in the election of
directors was as follows:
Nominee
For
Withheld
Broker Non-Votes
Janet Clarke
18,774,878
988,628
1,764,204
Saul Reibstein
18,760,850
1,002,656
1,764,204
Ziv Shoshani
18,760,603
1,002,903
1,764,204
Timothy Talbert
18,758,095
1,005,411
1,764,204
Cary Wood
19,250,523
512,983
1,764,204
Marc Zandman
18,326,983
1,436,523
1,764,204
Proposal 2: Ratification of Selection of Independent Registered
Public Accounting Firm
The Companys stockholders ratified the appointment of Ernst Young
LLP as the Companys independent registered public accounting firm
for the fiscal year ending December 31, 2017. The number of votes
cast in the ratification of the appointment of Ernst Young LLP was
as follows:
For
Against
Abstentions
Broker Non-Votes
Ratification of Ernst Young LLP
21,444,227
54,695
28,788
Proposal 3: Advisory Vote Related to Executive Compensation
The Companys stockholders, on an advisory basis, voted to approve
the compensation paid to the Company’s named executive officers
for 2016, as follows:
For
Against
Abstentions
Broker Non-Votes
Approval of 2016 compensation of named executive officers
19,176,874
565,392
21,240
1,764,204
Proposal 4: Advisory Vote Related to Frequency of Vote on Executive
Compensation
The Companys stockholders, on an advisory basis, voted to determine
the frequency of future advisory votes on executive compensation as
follows:
1 Year
2 years
3 Years
Abstentions
Frequency of vote on executive compensation
17,924,371
8,479
1,817,801
12,855
Based on the voting results with respect to the frequency of the
advisory vote on the compensation of the Companys named executive
officers, the Board of Directors has determined that the Company
will hold a non-binding, advisory vote on the compensation of the
Companys named executive officers every year.
Proposal 5: Stockholder Proposal Requesting the Board of Directors
to Adopt a Recapitalization Plan to Eliminate Dual-Class Capital
Structure
The Companys stockholders voted against requesting the Board of
Directors to adopt a recapitalization plan to eliminate the
Companys dual-class capital structure. The number of votes cast was
as follows:
For
Against
Abstentions
Broker Non-Votes
Adoption of recapitalization plan to eliminate dual-class
capital structure
6,296,603
13,435,037
31,866
1,764,204


About Vishay Precision Group, Inc. (NYSE:VPG)

Vishay Precision Group, Inc. (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems. Its Foil Technology Products segment includes foil resistor and strain gage operating segments. The Foil Technology Products segment’s brands include Alpha Electronics, Micro-Measurements, Powertron and Vishay Foil Resistors. The Force Sensors segment includes load cells and force measurement transducers that are offered as precision sensors for industrial and commercial use. The Weighing and Control Systems segment designs and manufactures systems that consists of load cells and instrumentation for weighing and force control/measurement for a range of uses, including on-board weighing and overload monitor systems. The segment’s brands include BLH Nobel, KELK and VPG Onboard Weighing.

Vishay Precision Group, Inc. (NYSE:VPG) Recent Trading Information

Vishay Precision Group, Inc. (NYSE:VPG) closed its last trading session down -0.07 at 17.48 with 22,920 shares trading hands.