Frequency Electronics 8-K: Officer/Director Changes & Shareholder Votes
Ticker: FEIM · Form: 8-K · Filed: Oct 9, 2024 · CIK: 39020
| Field | Detail |
|---|---|
| Company | Frequency Electronics INC (FEIM) |
| Form Type | 8-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-director-changes, shareholder-vote
TL;DR
Frequency Electronics filed an 8-K detailing leadership changes and upcoming shareholder votes.
AI Summary
Frequency Electronics, Inc. filed an 8-K on October 9, 2024, reporting events as of October 8, 2024. The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. It also includes the submission of matters to a vote of security holders and financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in the company's leadership and governance structure, which could impact strategic direction and operational oversight.
Risk Assessment
Risk Level: low — The filing is procedural and reports on standard corporate governance events without immediate financial implications.
Key Players & Entities
- FREQUENCY ELECTRONICS INC (company) — Registrant
- October 8, 2024 (date) — Earliest event reported
- October 9, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- 55 Charles Lindbergh Blvd. (address) — Principal executive offices
- Mitchel Field (location) — City of principal executive offices
- NY 11553 (zip_code) — ZIP code of principal executive offices
FAQ
What specific officer or director positions were affected by the events reported on October 8, 2024?
The filing indicates events related to the departure of directors or certain officers, election of directors, and appointment of certain officers, but does not specify the names or exact positions in this summary.
Were there any significant compensatory arrangements for officers disclosed in this filing?
The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of disclosure, but the details of these arrangements are not provided in the summary.
What matters were submitted to a vote of security holders?
The filing states that 'Submission of Matters to a Vote of Security Holders' is an item covered, but the specific matters are not detailed in this summary.
What financial statements or exhibits are included with this 8-K filing?
The filing lists 'Financial Statements and Exhibits' as an item, but the specific contents are not enumerated in this summary.
What is the primary business of Frequency Electronics, Inc. according to the SIC code?
Frequency Electronics, Inc. is classified under SIC code 3825, which pertains to 'Instruments for Meas & Testing of Electricity & Elec Signals'.
Filing Stats: 1,075 words · 4 min read · ~4 pages · Grade level 11.5 · Accepted 2024-10-09 11:52:06
Key Financial Figures
- $1.00 — ch registered Common Stock (par value $1.00 per share) FEIM NASDAQ Global Marke
Filing Documents
- freqelec20241009_8k.htm (8-K) — 50KB
- ex_731001.htm (EX-10.1) — 124KB
- 0001185185-24-000962.txt ( ) — 325KB
- feim-20241008.xsd (EX-101.SCH) — 3KB
- feim-20241008_lab.xml (EX-101.LAB) — 20KB
- feim-20241008_pre.xml (EX-101.PRE) — 11KB
- freqelec20241009_8k_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. On October 8, 2024, the Company held its Annual Meeting of Stockholders (the "Annual Meeting"). A total of 6,244,144 shares or 65.26% of the shares of Common Stock of the Company entitled to vote at the Annual Meeting were represented in person or by proxy, and the stockholders: elected each of the Company's nominees for director to serve for terms of one year and until their respective successors are elected and qualified; ratified the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending April 30, 2025; approved, on a non-binding advisory basis, the compensation of the Company's named executive officers; and approved the Plan. The voting results at the Annual Meeting were as follows: 1. Election of the following four directors: DIRECTOR FOR WITHHELD BROKER NON-VOTES Jonathan Brolin 4,434,697 84,292 1,725,155 Lance Lord 2,979,327 1,539,662 1,725,155 Russell Sarachek 4,466,258 52,731 1,725,155 Richard Schwartz 4,359,260 159,729 1,725,155 2. Ratification of the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending April 30, 2025: FOR AGAINST ABSTAIN BROKER NON-VOTES 6,154,739 88,278 1,127 0 3. Approval of the non-binding advisory vote on the compensation of the Company's named executive officers: FOR AGAINST ABSTAIN BROKER NON-VOTES 4,407,823 90,368 20,798 1,725,155 4. Approval of the Plan: FOR AGAINST ABSTAIN BROKER NON-VOTES 4,371,930 125,780 21,279 1,725,155
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 10.1 Frequency Electronics, Inc. Stock Award Plan. 104 Cover Page Interactive Data File (formatted in Inline XBRL).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FREQUENCY ELECTRONICS, INC. By: /s/ Steven Bernstein Steven Bernstein Chief Financial Officer, Secretary and Treasurer Dated: October 9, 2024