2014 Annual Shareholder Meeting Results

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
Annual Shareholder’s Meeting Logistics

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.

Pico Projector Market Forecast

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.

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