Business Context and Reporting Period
This Form 8-K filing by Retractable Technologies, Inc. (RVP) reports on the results of the Annual Meeting of Shareholders held virtually on May 11, 2021. The company is incorporated in Texas and its common stock trades on the NYSE American.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
The filing details the outcomes of two shareholder proposals:
- Proposal 1 (Election of Directors): All three Class 1 director nominees (Marco Laterza, Darren E. Findley, and Amy Mack) were elected.
- Proposal 2 (Stock Option Plan): Shareholders approved the 2021 Stock Option Plan.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It strictly reports the voting tallies for the specified proposals.
Investor Verification Checklist
- Verify the final vote counts for the election of Class 1 Directors.
- Confirm the approval status of the 2021 Stock Option Plan.
- Note that no financial performance data is included in this specific filing; refer to the most recent 10-K or 10-Q for financial metrics.
Voting Results Summary
| Proposal / Director | For / Votes For | Against / Votes Withheld | Abstentions / Broker Non-Votes |
|---|---|---|---|
| Marco Laterza | 20,531,564 | 645,185 | 0 |
| Darren E. Findley | 20,709,237 | 467,512 | 0 |
| Amy Mack | 20,912,305 | 264,444 | 0 |
| 2021 Stock Option Plan | 19,914,879 | 1,225,883 | 35,987 (Abstain) / 0 (Broker Non-Votes) |