Innovative Solutions & Support Files 8-K on Shareholder Vote

Ticker: ISSC · Form: 8-K · Filed: Apr 23, 2024 · CIK: 836690

Sentiment: neutral

Topics: shareholder-vote, corporate-governance, filing

Related Tickers: ISSC

TL;DR

ISSC is calling for a shareholder vote on April 18th. Big decisions ahead?

AI Summary

On April 18, 2024, Innovative Solutions & Support, Inc. filed an 8-K report detailing the submission of matters to a vote of its security holders. The filing indicates that the company is preparing for a shareholder vote on certain corporate matters.

Why It Matters

This filing signals that Innovative Solutions & Support, Inc. is engaging its shareholders in decision-making processes, which could impact corporate governance and future strategic direction.

Risk Assessment

Risk Level: low — The filing is a routine procedural report regarding a shareholder vote, with no immediate financial or operational risks disclosed.

Key Players & Entities

FAQ

What specific matters will be submitted for a vote by Innovative Solutions & Support, Inc. security holders?

The filing states that matters are being submitted to a vote of security holders, but does not specify the exact nature of these matters in the provided text.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on April 18, 2024.

What is the principal executive office address for Innovative Solutions & Support, Inc.?

The principal executive offices are located at 720 Pennsylvania Drive, Exton, Pennsylvania 19341.

What is the Commission File Number for Innovative Solutions & Support, Inc.?

The Commission File Number is 001-41503.

Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?

This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Filing Stats: 609 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-04-23 16:07:06

Key Financial Figures

Filing Documents

07 Submission

Item 5.07 Submission of Matters to a Vote of Security Holders. On April 18, 2024, Innovative Solutions and Support, Inc. (the " Company ") held its annual meeting of shareholders (the " Annual Meeting "). Present at the Annual Meeting in person or by proxy were holders of 15,066,135 shares of common stock of the Company, representing 86.28% of the shares of common stock of the Company issued and outstanding and entitled to vote as of the close of business on February 20, 2024, the record date for the Annual Meeting, and constituting a quorum for the transaction of business. The shareholders of the Company voted on the following proposals at the Annual Meeting: Proposal 1 : Election of Directors Name For Withheld Broker Non-Votes Shahram Askarpour 9,138,663 1,296,452 4,631,020 Roger A. Carolin 6,207,615 4,227,500 4,631,020 Glen R. Bressner 5,481,751 4,953,364 4,631,020 Stephen L. Belland 5,722,984 4,712,131 4,631,020 Each of the above listed director nominees was duly elected to serve until the 2025 annual meeting of shareholders and until his successor is duly elected and qualified. Proposal 2 : Approval of the Innovative Solutions and Support, Inc. Amended and Restated 2019 Stock-Based Incentive Compensation Plan For Against Abstain Broker Non-Votes 10,005,844 421,160 8,111 4,631,020 The Company's shareholders approved the adoption of the Innovative Solutions and Support, Inc. Amended and Restated 2019 Stock-Based Incentive Compensation Plan. Proposal 3 : Ratification of Appointment of Independent Registered Public Accounting Firm For Against Abstain Broker Non-Votes 13,393,654 1,665,124 7,357 0 The Company's shareholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be sig

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