UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.07 Submission of Matters to a Vote of Security Holders
On May 18, 2023, the Company held its Annual Meeting of Shareholders. A total of 75,055,484 shares of common stock were outstanding and entitled to vote, and the holders of Series A Convertible Preferred Stock were entitled to an aggregate of 21,508,907 votes on an as-converted basis. At the Annual Meeting, 64,591,746 shares were represented, constituting a 67% quorum. Shareholders were asked to consider and act upon the following:
(1) | The election of three directors as Class I directors to serve until the Company’s 2026 annual meeting; | |
(2) | A proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2023; | |
(3) | A proposal to approve, by non-binding vote, executive compensation; and
| |
(4) | A proposal to recommend, by non-binding vote, the frequency of future advisory votes on executive compensation. |
Proposal 1, the election of directors, was determined by a plurality of votes cast. All of the Board’s nominees for director were elected to serve until the Company’s 2026 annual meeting consistent with the proposal, or until their respective successors are elected and qualified, by the votes set forth in the table below. Proposals 2 and 3 each were determined by the vote of a majority of the outstanding shares entitled to vote and present in person or represented by proxy at the meeting, and each proposal passed by the votes set forth in the applicable table below. Proposal 4 was determined by a plurality of the votes cast. The recommendation for the frequency of future advisory votes on executive compensation was for three (3) years, by votes set forth in the table below.
(1) | Election of Directors: |
Name of Nominee | Votes For | Votes Withheld | Votes Abstain | Broker Non-Votes | ||||
David W. Benfer | 39,528,692 | 3,477,761 | 0 | 21,585,293 | ||||
Myriam Curet, M.D. | 41,624,211 | 1,382,242 | 0 | 21,585,293 | ||||
Arun S. Menawat, Ph.D. | 40,702,522 | 2,303,931 | 0 | 21,585,293 |
(2) | Proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2023: |
Number of Votes For: | 64,193,577 | |||
Number of Votes Against: | 283,410 | |||
Number of Votes Abstain: | 114,759 |
(3) | Proposal to approve, by non-binding vote, executive compensation: |
Number of Votes For: | 38,666,726 | |||
Number of Votes Against: | 3,439,809 | |||
Number of Votes Abstain: | 899,918 | |||
Number of Broker Non-Votes: | 21,585,293 |
(4) | Proposal to recommend, by non-binding vote, the frequency of future advisory votes on executive compensation: |
Number of Votes For 1 Year: | 13,310,460 | |||
Number of Votes For 2 Years: | 137,264 | |||
Number of Votes For 3 Years: | 27,754,457 | |||
Number of Votes Abstain: | 1,804,272 | |||
Number of Broker Non-Votes: | 21,585,293 |
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.
STEREOTAXIS, INC. | ||
Date: May 19, 2023 | By: | /s/ Laura Spencer Garth |
Name: | Laura Spencer Garth | |
Title: | Secretary |