09/24/2024 | Press release | Distributed by Public on 09/24/2024 14:06
Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On September 23, 2024, Inseego Corp. (the "Company") held an annual meeting of its stockholders (the "Annual Meeting"). Of the 12,282,559 shares of the Company's common stock entitled to vote at the Annual Meeting, a total of 8,078,334 shares were represented at the Annual Meeting in person or by proxy. The voting results for each item of business properly presented at the Annual Meeting are set forth below.
Proposal 1: Election of Directors
The person nominated by the Company to serve as director for a three-year term until the 2027 annual meeting of stockholders was elected with the following votes:
Name of Nominee | Votes For | Votes Withheld | Broker Non-Votes |
Christopher Harland | 3,434,534 | 411,231 | 4,232,569 |
Proposal 2: Ratification of Appointment of Independent Registered Public Accountants
The proposal to ratify the appointment of Marcum LLP as the Company's independent registered public accountants for the fiscal year ending December 31, 2024 was approved with the following vote:
Votes For | Votes Against | Abstentions | Broker Non-Votes |
7,940,838 | 116,328 | 21,168 | 0 |
Proposal 3: Advisory Vote on Executive Compensation
The proposal to approve, on a non-binding advisory basis, the compensation paid to the Company's named executive officers was approved with the following vote:
Votes For | Votes Against | Abstentions | Broker Non-Votes |
3,682,976 | 138,362 | 24,427 | 4,232,569 |
Proposal 4: Approval of Amendment to the Company's 2018 Omnibus Incentive Compensation Plan
The proposal to authorize an amendment to the Company's 2018 Omnibus Incentive Compensation Plan to increase the number of shares issuable under the plan by 2,500,000 shares was approved with the following vote:
Votes For | Votes Against | Abstentions | Broker Non-Votes |
3,103,925 | 720,471 | 21,369 | 4,232,569 |
Proposal 5: Approval of Amendment to the Company's Amended and Restated 2000 Employee Stock Purchase Plan
The proposal to authorize an amendment to the Company's Amended and Restated 2000 Employee Stock Purchase Plan to increase the number of shares issuable under the plan by 500,000 shares was approved with the following vote:
Votes For | Votes Against | Abstentions | Broker Non-Votes |
3,638,175 | 194,732 | 12,858 | 4,232,569 |