Business Context and Reporting Period
This Form 8-K filing by Emerson Radio Corp. reports on the results of the Company's 2010 Annual Meeting of Security Holders held on November 10, 2010. The filing details 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 and Voting Results
Election of Directors
Seven nominees were elected to serve as directors until the next annual meeting. The voting results were as follows:
| Director | Votes For | Votes Withheld |
|---|---|---|
| Christopher Ho | 17,295,285 | 3,329,137 |
| Adrian Ma | 16,875,652 | 3,748,770 |
| Eduard Will | 17,326,580 | 3,297,842 |
| Duncan Hon | 17,336,009 | 3,288,413 |
| Mirzan Mahathir | 16,493,940 | 4,130,482 |
| Kareem E. Sethi | 19,155,740 | 1,468,682 |
| Terence A. Snellings | 19,631,769 | 992,653 |
Ratification of Auditors
Shareholders voted to ratify the appointment of MSPC Certified Public Accountants and Advisors, A Professional Corporation, as the independent registered public accounting firm for the year ending March 31, 2011.
| Category | Votes |
|---|---|
| For | 24,788,780 |
| Against | 821,968 |
| Abstain | 22,895 |
| Broker Non-Votes | 0 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to calculate the percentage of votes withheld for each director nominee.
- Confirm the tenure of the newly elected directors and the specific term end date relative to the next annual meeting.
- Review the full audit report from MSPC Certified Public Accountants for the fiscal year ending March 31, 2011, to assess financial health.
- Check subsequent filings for any changes in the board composition or auditor status.