WSI Industries, Inc. (NASDAQ:WSCI) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
WSI Industries, Inc. (the Company) issued a press release on
December 22, 2016 disclosing material non-public information
regarding its results of operations for the first quarter of
fiscal year 2017. The Company hereby furnishes the press release,
which is attached hereto as Exhibit 99.1.
Item 5.07 Submission of Matters to a Vote of
Security Holders.
The Company held its 2017 Annual Meeting of Shareholders (the
Annual Meeting) on December 22, 2016 at 2000 IDS Center, 80 South
8th Street, Minneapolis, Minnesota, beginning at 1:00 p.m., local
time. Of the 2,919,500 shares of the Companys common stock
outstanding and entitled to vote at the Annual Meeting, 2,597,495
shares were present either in person or by proxy. The final
results of voting for each matter submitted to a vote of
shareholders at the Annual Meeting are set forth below.
Proposal 1. To elect five directors to
hold office until the next Annual Meeting of Shareholders or
until their successors are elected and shall qualify.
| Nominee | For | Withhold | Broker Non-Vote | |||||||||
| James D. Hartman | 879,105 | 213,729 | 1,504,661 | |||||||||
| Burton F. Myers II | 879,105 | 213,729 | 1,504,661 | |||||||||
| Michael J. Pudil | 1,000,131 | 92,703 | 1,504,661 | |||||||||
| Benjamin T. Rashleger | 884,005 | 208,829 | 1,504,661 | |||||||||
| Jack R. Veach | 884,005 | 208,829 | 1,504,661 | |||||||||
The Companys shareholders elected all nominees named in the proxy
statement for the meeting to the Companys board of directors,
each to serve until the next annual meeting of shareholders or
until their successors are elected and shall qualify.
Proposal 2. Advisory vote to approve
Named Executive Officer compensation.
| For | Against | Abstain | Broker Non-Vote | |||||||||
| 740,000 | 223,317 | 129,517 | 1,504,661 | |||||||||
The Companys shareholders approved, on an advisory basis, the
Named Executive Officer compensation.
Proposal 3. To ratify and approve the
appointment of Schechter Dokken Kanter Andrews Selcer Ltd. as
independent public accountants for the fiscal year ending August
27, 2017.
| For | Against | Abstain | Broker Non-Vote | |||||||||
| 2,508,427 | 26,533 | 62,535 | -0- | |||||||||
The appointment of Schechter Dokken Kanter Andrews Selcer Ltd.
was ratified and approved.
Item 9.01 Financial Statements And
Exhibits.
| Exhibit No. | Description | |
| 99.1 |
Press Release issued by WSI Industries, Inc. on December 22, 2016. |
About WSI Industries, Inc. (NASDAQ:WSCI)