SEC Filing Summary: Probe Manufacturing, Inc. (8-K)
Business Context and Reporting Period
This Form 8-K Current Report was filed by Probe Manufacturing, Inc. (not Clean Energy Technologies, Inc.) on December 28, 2011. The filing reports on the results of the company's 2011 Annual Meeting of Stockholders held on the same date. The registrant is incorporated in Nevada with principal executive offices in Lake Forest, CA.
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 and shareholder voting outcomes.
Material Changes and Voting Results
Stockholders voted on four proposals at the annual meeting. The results were as follows:
- Proposal 1 (Director Election): Approved. Three nominees (Kambiz Mahdi, John Bennett, Shervin Talieh) were reelected for one-year terms. Each received 162,634,701 votes "For" and 93,095 votes "Withheld."
- Proposal 2 (Auditor Ratification): Approved. Stockholders ratified the appointment of W.T. Uniack & Co, CPA's, P.C. as the independent registered public accounting firm. Votes: 162,727,796 "For", 0 "Against", 93,750 "Abstained."
- Proposal 3 (Say-on-Pay): Non-binding advisory vote approved. Votes: 162,546,221 "For", 131,575 "Against", 143,750 "Abstained."
- Proposal 4 (Say-on-Pay Frequency): Non-binding advisory vote. Stockholders voted for a frequency of every three years (85,055,124 votes) over every year (77,379,579 votes) or every two years (293,075 votes).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, future outlook, management commentary on operations, specific risks, or contingencies. The document serves solely to disclose the voting results of the annual meeting.
Investor Verification Checklist
- Verify the company name discrepancy: The filing is for Probe Manufacturing, Inc., not Clean Energy Technologies, Inc.
- Confirm the appointment of W.T. Uniack & Co, CPA's, P.C. as the new independent auditor for the fiscal year ending December 31, 2011.
- Note the shareholder preference for a three-year frequency for executive compensation advisory votes.
- Review the definitive proxy statement (Schedule 14A filed December 1, 2011) for detailed descriptions of the proposals and director biographies.