NorTech Systems Inc. Files 8-K on Security Holder Vote
Ticker: NSYS · Form: 8-K · Filed: May 17, 2024 · CIK: 722313
| Field | Detail |
|---|---|
| Company | Nortech Systems Inc (NSYS) |
| Form Type | 8-K |
| Filed Date | May 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote
TL;DR
Nortech Systems is having a shareholder vote, details to follow.
AI Summary
On May 15, 2024, NorTech Systems Incorporated filed an 8-K report detailing a submission of matters to a vote of security holders. The filing does not contain specific details about the nature of the vote or any associated financial figures.
Why It Matters
This filing indicates a procedural step where security holders are being asked to vote on certain matters, which could potentially impact the company's governance or future direction.
Risk Assessment
Risk Level: low — The filing is procedural and does not disclose any immediate financial risks or significant operational changes.
Key Players & Entities
- NORTECH SYSTEMS INC (company) — Registrant
- May 15, 2024 (date) — Date of earliest event reported
FAQ
What specific matters are being submitted for a vote by NorTech Systems Inc. security holders?
The filing does not specify the exact matters being submitted for a vote.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 15, 2024.
What is the principal executive office address for NorTech Systems Incorporated?
The principal executive office is located at 7550 Meridian Circle N, Maple Grove, MN 55369.
What is NorTech Systems Incorporated's IRS Employer Identification Number?
The IRS Employer Identification Number is 41-1681094.
What is the SIC code for NorTech Systems Incorporated?
The Standard Industrial Classification code is 3679 (ELECTRONIC COMPONENTS, NEC).
Filing Stats: 625 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-05-17 16:15:31
Filing Documents
- nsys20240516_8k.htm (8-K) — 43KB
- 0001437749-24-017492.txt ( ) — 172KB
- nsys-20240515.xsd (EX-101.SCH) — 3KB
- nsys-20240515_def.xml (EX-101.DEF) — 11KB
- nsys-20240515_lab.xml (EX-101.LAB) — 15KB
- nsys-20240515_pre.xml (EX-101.PRE) — 11KB
- nsys20240516_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 May 15, 2024, the Company held its annual meeting of shareholders. The items voted on at the meeting and results of such voting are set forth below: (1) The shareholders elected eight directors to serve as members of the Company's Board of Directors for one-year terms and until their successors are elected and qualified. The shareholders present in person or by proxy cast the following numbers of votes in connection with the election of directors, resulting in the election of all director nominees: Nominee Votes For Votes Withheld Broker Non-Vote David B. Kunin 1,584,943 22,055 533,798 Ryan P. McManus 1,499,161 107,837 533,798 Jay D. Miller 1,479,013 127,985 533,798 Amy S. Fredregill 1,583,656 23,342 533,798 Dan Sachs 1,584,742 22,256 533,798 Stacy A. Kruse 1,583,156 23,842 533,798 Jose A. Peris 1,585,267 21,731 533,798 Debarah Sen 1,583,656 23,342 533,798 (2) The shareholders approved, on an advisory basis, the compensation of the Company's named executive officers, as described in the Company's proxy statement. There were 1,576,442 votes cast for the proposal; 22,124 votes cast against the proposal; 8,432 votes abstained; and there were 533,798 broker non-votes. (3) The shareholders approved an amendment to the 2017 Stock Incentive Plan increasing the shares of Common Stock reserved for issuance from 675,000 to 775,000. There were 1,562,149 votes cast for the proposal; 23,295 votes cast against the proposal; 21,554 votes abstained; and there were 533,798 broker non-votes. (4) The shareholders ratified the appointment of Baker Tilly US, LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024. There were 2,122,489 votes cast for the proposal; 314 votes cast against the proposal; 17,993 votes abstained; and there were no broker non-votes. Date: May 17, 2024 Nortech Systems Incorp