June 4th, 2014
by Dawn Goetter
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:|
June 2nd, 2014
by Dawn Goetter
Planning on attending the MicroVision Annual Shareholder’s Meeting? Here are a few helpful logistics items.
The meeting this year is at the Courtyard by Marriott in Bellevue, Washington. Directions are available on our website. The Courtyard is co-located with two other hotels. It is in the rear of the campus on the right side. Parking is available on either side of the hotel and is free.
Registration will be in the main lobby. The meeting begins at 9:00 AM PT in the Rainer Room. At 8:00 doors will open in the Cascade Room for light breakfast. At 8:30 staff will be on hand for some demos in the Cascade Room.
We look forward to seeing you there.
April 30th, 2014
by Dawn Goetter
Earlier this week we posted to our social media sites a reference to a market research report on pico projector growth over the next several years. As is sometimes the case with social media, upon closer inspection of content, in this case the forecasts in the report, we realized that the data point for 2013 did not seem accurate to us when compared to other industry forecasts and our own tracking of the market. In fact it was in the neighborhood of 10 times higher. We believe that assessments of the 2013 market value for pico projection in the low hundreds of millions (USD) from two to three million units are more accurate and the new report forecasting over three billion USD from twenty five million units was an anomaly. We have since taken the posts down from our social media channels and we apologize for any confusion the information we shared may have caused our followers.