Business Context and Reporting Period
This Form 8-K filing by Chicago Rivet & Machine Co. reports on the Annual Meeting of Stockholders held on May 11, 2010. The filing details the results of shareholder votes regarding the election of directors and the ratification of the independent registered public accounting firm.
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 voting results.
Material Changes
No material financial changes or operational updates are disclosed in this filing. The primary event is the completion of the annual shareholder vote.
Corporate Governance and Voting Results
Two matters were submitted to a vote of security holders:
- Election of Directors: All seven nominees were elected to serve for a term ending at the 2011 Annual Meeting. Voting results included significant broker non-votes for each nominee.
- Ratification of Auditors: Shareholders ratified the selection of Grant Thornton LLP as the independent registered public accounting firm for 2010.
| Matter | Votes For | Votes Against/Withheld | Abstentions | Broker Non-Votes |
|---|---|---|---|---|
| Election of Directors (Aggregate) | 3,655,372 | 1,163,920 | 0 | 1,553,603 |
| Ratification of Grant Thornton LLP | 884,268 | 2,357 | 23,660 | 0 |
Investor Verification Checklist
- Verify the term end date for the newly elected directors (2011 Annual Meeting).
- Confirm the engagement of Grant Thornton LLP for the 2010 fiscal year audit.
- Note the high volume of broker non-votes on the director election, which may indicate institutional holdings where brokers lacked discretionary voting power.