The LGL Group Inc.
11/22/2024 | Press release | Distributed by Public on 11/22/2024 15:14
Proxy Results Form 8 K
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Item 5.07.
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Submission of Matters to a Vote of Security Holders
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On November 20, 2024, The LGL Group, Inc. ("LGL," "LGL Group," or the "Company") held its 2024 Annual Meeting of Stockholders (the "2024 Annual Meeting").
The following matters were submitted to a vote of the Company's stockholders at the 2024 Annual Meeting:
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(i)
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the election of seven directors to serve until the Company's 2025 Annual Meeting of Stockholders;
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(ii)
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a non-binding advisory resolution to approve the compensation of the Company's named executive officers.
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(iii)
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the ratification of the appointment of PKF O'Connor Davies, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024; and
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The three proposals are described in detail in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on October 7, 2024 (the "Definitive Proxy Statement").
Each of the three matters submitted to a vote of the Company's stockholders at the 2024 Annual Meeting was approved by the requisite vote of the Company's stockholders. Set forth below is the number of votes cast for, against or withheld, as well as the number of abstentions and broker non-votes as to each such matter, including a separate tabulation with respect to each nominee for director, as applicable.
Proposal 1 - Election of Directors: The following individuals were selected to serve as directors until the 2025 Annual Meeting or upon the election and qualification of their successors. The voting results for each of the nominees were as follows:
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Nominee
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For
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Withheld
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Broker Non-votes
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Kaan Aslansan
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3,019,197 | 42,779 | 1,106,046 | |||||||||
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Darlene DeRemer
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3,023,026 | 38,950 | 1,106,046 | |||||||||
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Michael J. Ferrantino, Jr.
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3,031,100 | 30,876 | 1,106,046 | |||||||||
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Timothy Foufas
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3,039,870 | 22,106 | 1,106,046 | |||||||||
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Herve Francois
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3,022,723 | 39,253 | 1,106,046 | |||||||||
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Marc J. Gabelli
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3,040,159 | 21,817 | 1,106,046 | |||||||||
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Manjit Kalha
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3,002,208 | 59,768 | 1,106,046 |
Proposal 2 - Non-Binding Advisory Vote to Approve Compensation of Named Executive Officers: The voting results were as follows:
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For
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Against
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Abstain
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Broker Non-votes
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| 2,933,496 | 118,277 | 10,203 | 1,106,046 |
Proposal 3 - Ratification of the Appointment of PKF O'Connor Davies, LLP to Serve as the Company's Independent Registered Public Accounting Firm for 2024: The voting results were as follows:
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For
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Against
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Abstain
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Broker Non-votes
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| 4,108,767 | 39,658 | 19,597 | - |