Optex Systems Holdings Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the annual meeting of stockholders held by Optex Systems Holdings, Inc. on February 12, 2020. The company is incorporated in Nevada with principal executive offices in Richardson, TX. As of the record date, 8,436,422 shares of common stock were issued and outstanding.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance matters and voting results.
Material Changes and Voting Results
A quorum of 7,878,113 shares was present at the meeting. Stockholders approved three proposals:
- Director Re-election: All four current directors were reelected. Votes were cast as follows:
- Larry Hagenbuch: 4,560,560 For, 615,060 Abstentions
- Dale Lehmann: 4,571,860 For, 603,760 Abstentions
- Rimmy Malhotra: 4,560,460 For, 615,060 Abstentions
- Danny Schoening: 4,571,760 For, 603,860 Abstentions
- Independent Auditor Ratification: Whitley Penn, LLP was ratified as the independent registered certified public accountant for the fiscal year ended September 28, 2020. Votes: 6,418,668 For, 1,459,252 Against, 193 Abstentions.
- Advisory Vote on Executive Compensation: The proposal passed. Votes: 4,263,419 For, 635,141 Against, 277,060 Abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the total number of shares outstanding (8,436,422) against the latest 10-K or 10-Q filings.
- Confirm the appointment of Whitley Penn, LLP as the auditor for the fiscal year ending September 28, 2020.
- Review the significant number of abstentions on director elections (approx. 600k per director) and the "Against" votes on the auditor ratification (approx. 1.46 million) for potential shareholder dissent.
- Check subsequent filings for the company's financial performance, as this 8-K contains no financial data.