Business Context and Reporting Period
This Form 8-K filing by AVIAT NETWORKS, INC. reports the results of the 2010 Annual Meeting of Stockholders held on November 9, 2010. The filing serves to disclose the voting outcomes for director elections and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report regarding corporate governance events and does not contain financial performance data.
Material Changes
No material financial changes are reported in this filing. The document focuses exclusively on the administrative outcomes of the annual shareholder meeting.
Guidance, Outlook, and Voting Results
Meeting Participation: A total of 52,888,368 shares (approximately 89.13% of outstanding shares) were represented at the meeting.
Proposal 1: Election of Directors
- All eight nominees were elected to the Board of Directors for a one-year term.
- Broker Non-Votes: 5,463,129 shares were recorded as broker non-votes for all nominees.
- Voting Breakdown (For/Withheld):
- Eric C. Evans: 46,592,820 For / 832,419 Withheld
- William A. Hasler: 45,300,739 For / 2,124,500 Withheld
- Clifford H. Higgerson: 45,141,829 For / 2,283,410 Withheld
- Charles D. Kissner: 46,504,349 For / 920,890 Withheld
- Raghavendra Rau: 46,567,571 For / 857,668 Withheld
- Dr. Mohsen Sohi: 45,173,045 For / 2,252,194 Withheld
- Dr. James C. Stoffel: 45,171,511 For / 2,253,728 Withheld
- Edward F. Thompson: 46,580,912 For / 844,327 Withheld
Proposal 2: Ratification of Auditor
- Stockholders approved the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending July 1, 2011.
- Voting Results: 52,642,694 For, 76,482 Against, 169,192 Abstain.
Investor Verification Checklist
- Verify the definitive Proxy Statement filed on September 27, 2010, for detailed background on the director nominees and auditor appointment.
- Confirm the total number of outstanding shares to validate the 89.13% participation rate.
- Review subsequent filings for the company's financial performance, as this 8-K contains no financial metrics.