The 2014 MicroVision Annual Shareholder Meeting was held June 3, 2014. It was nice to meet investors and see familiar faces from previous meetings.
Alex Tokman, MicroVision CEO, gave a business update which can be viewed in the Presentations section of the Investors area on the MicroVision website.
A form 8-K was filed today reporting the results on the five matters before the shareholders. The results are as follows:
|Proposal 1.||All of the Company’s nominees for director were elected by the votes set forth in the table below:|
|Richard A. Cowell||5,677,137||324,547|
|Thomas M. Walker||5,705,898||295,786|
|Proposal 2.||The stockholders approved the proposed amendment to the 2013 MicroVision, Inc. Incentive Plan by the votes set forth in the table below:|
|Proposal 3.||The stockholders ratified the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2014, by the votes set forth in the table below:|
|Proposal 4.||The stockholders approved on an advisory basis, the compensation for the Company’s named executive officers by the votes set forth in the table below:|
|Proposal 5.||The stockholders did not approve the underwritten offering of common stock and warrants to purchase common stock that the Company completed on March 18, 2014 by the number of shares required. Such proposal required approval by a majority of the votes cast at the meeting, provided (i) the number of votes cast in favor of the proposal must exceed the number of votes cast against the proposal by at least 7,160,000 shares, which is the number of shares of common stock issued pursuant to such offering, including shares issued on exercise of the warrants since the completion of such offering, as of the record date. The votes are set forth in the table below:|