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:
  Nominee For Withheld
Richard A. Cowell 5,677,137 324,547
Slade Gorton 5,627,359 374,325
Jeanette Horan 5,685,148 316,536
Perry Mulligan 5,672,607 329,077
Alexander Tokman 5,542,460 459,224
Brian Turner 5,683,510 318,174
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:
For: 5,036,333
Against: 784,470
Abstain: 180,881

 

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:

 

For: 27,753,626
Against: 711,653
Abstain: 448,405

 

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:

 

For: 5,105,059
Against: 718,557
Abstain: 178,068

 

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:

 

For: 5,505,577
Against: 395,161
Abstain: 100,946