WESTELL TECHNOLOGIES, INC. (NASDAQ:WSTL) Files An 8-K Submission of Matters to a Vote of Security Holders

WESTELL TECHNOLOGIES, INC. (NASDAQ:WSTL) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.

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SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The Annual Meeting of Stockholders (the “Annual Meeting”) of Westell Technologies, Inc. (the “Company“) was held on September11, 2018. At the Annual Meeting, the stockholders voted on the following three proposals and cast their votes as described below.

Proposal 1-Election of Directors:

Each person duly elected at the Annual Meeting to serve as a director until the Company’s 2019 Annual Meeting of Stockholders received the number of votes indicated beside his name below.

Nominee

For

Withheld

Broker Non-Vote

Kirk R. Brannock

16,617,616

1,202,779

5,906,681

Scott C. Chandler

17,381,438

438,957

5,906,681

Robert W. Foskett

16,301,706

1,518,689

5,906,681

Robert C. Penny III

16,027,641

1,792,754

5,906,681

Cary B. Wood

17,364,338

456,057

5,906,681

Mark A. Zorko

17,333,162

487,233

5,906,681

Proposal 2-Ratification of the appointment of Grant Thornton LLP, independent auditors, as auditors for the fiscal year ending March 31, 2019. This proposal was approved.

For

Against

Abstain

Appointment of independent auditors

23,479,631

196,959

50,486

Proposal 3-Advisory Vote to approve Executive Compensation, as described in the proxy materials. This proposal was approved.

For

Against

Abstain

Broker Non-Vote

Advisory Vote to approve Executive Compensation

17,349,635

414,106

56,654

5,906,681

On September 11, 2018, the Board of Directors of the Company appointed Cary B. Wood to serve as Chairman of the Compensation Committee. Mr. Wood replaces Dennis O. Harris, Chair of the Compensation Committee since 2017, who completed his term as a director at the 2018 Annual Meeting. The Board of Directors also appointed Scott C. Chandler to serve as a member of the Audit and Compensation Committees.

Item 5.07.

FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

99.1

Press release dated September 12, 2018


WESTELL TECHNOLOGIES INC Exhibit
EX-99.1 2 a8k91118exhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1  FOR IMMEDIATE RELEASEScott C. Chandler joins Westell’s Board of Directors AURORA,…
To view the full exhibit click here

About WESTELL TECHNOLOGIES, INC. (NASDAQ:WSTL)

Westell Technologies, Inc. is a provider of in-building wireless, intelligent site management, cell site optimization and outside plant solutions. The Company’s set of products and solutions are designed to manage network performance for carriers, integrators and other network operators. The Company operates in two segments: In-Building Wireless (IBW) and Communication Solutions Group (CSG). The Company’s segments are engaged in the design, development, assembly, and marketing of a range of products and solutions. The IBW segment solutions include distributed antenna systems (DAS) conditioners, digital repeaters and bi-directional amplifiers (BDAs), and system components and antennas, all used by wireless service providers and third-party hosts to fine tune radio frequency (RF) signals. The Company’s intelligent site management solutions include a suite of remote monitoring and control devices.

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