Business Context and Reporting Period
This Form 8-K filing by Optical Cable Corporation (OCC) reports on the results of its annual meeting of shareholders held on March 31, 2020. The filing does not contain financial performance data for a specific reporting period but focuses on corporate governance actions.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report regarding shareholder voting outcomes rather than a financial statement.
Material Changes
No material financial changes are reported in this filing. The primary events were the election of directors, ratification of the independent auditor, and advisory approval of executive compensation.
Shareholder Vote Results
1. Election of Directors
Shareholders elected six directors to serve until the next annual meeting. All nominees received significant support, though broker non-votes were recorded for each.
- Neil D. Wilkin, Jr.: 4,067,542 For; 650,689 Withheld; 1,590,740 Broker Non-Votes
- Randall H. Frazier: 4,029,948 For; 688,283 Withheld; 1,590,740 Broker Non-Votes
- John M. Holland: 4,006,381 For; 711,850 Withheld; 1,590,740 Broker Non-Votes
- John A. Nygren: 4,061,149 For; 657,082 Withheld; 1,590,740 Broker Non-Votes
- Craig H. Weber: 4,021,018 For; 697,213 Withheld; 1,590,740 Broker Non-Votes
- John B. Williamson, III: 3,991,957 For; 726,274 Withheld; 1,590,740 Broker Non-Votes
2. Ratification of Independent Auditor
Brown, Edwards & Company, L.L.P. was ratified as the independent registered public accounting firm.
- Votes For: 6,076,522
- Votes Against: 82,608
- Votes Abstain: 149,841
3. Executive Compensation (Say-on-Pay)
Shareholders approved, on a non-binding advisory basis, the compensation of the Company's named executive officers.
- Votes For: 4,548,373
- Votes Against: 136,093
- Votes Abstain: 33,765
- Broker Non-Votes: 1,590,740
Investor Verification Checklist
- Verify the total number of shares outstanding to contextualize the voting percentages.
- Review the Company's most recent 10-K or 10-Q for actual financial performance metrics, as this 8-K contains none.
- Confirm the tenure of the newly elected directors and the specific terms of their service.
- Check for any subsequent filings regarding the implementation of the advisory compensation vote.