CECO Environmental Corp. Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by CECO Environmental Corp. on May 19, 2011, regarding events occurring on May 17, 2011. The report details the results of the company's Annual Meeting of Shareholders.
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 were reported in this filing. The document serves to disclose the outcome of shareholder votes.
Guidance, Outlook, and Management Commentary
The filing contains no guidance, outlook, or management commentary regarding future performance. It confirms the ratification of BDO Seidman, LLP as the independent registered public accounting firm for fiscal 2011.
Shareholder Voting Results
Shareholders voted on the election of nine director nominees and the ratification of the independent auditor. All nine nominees were elected. The appointment of the auditor was ratified with 11,647,175 votes in favor, 97,739 against, and 17,844 abstentions.
| Director Nominee | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Arthur Cape | 8,097,839 | 1,143,469 | 2,521,450 |
| Jason DeZwirek | 6,593,629 | 2,647,679 | 2,521,450 |
| Phillip DeZwirek | 7,031,468 | 2,209,840 | 2,521,450 |
| Thomas J. Flaherty | 7,835,168 | 1,406,140 | 2,521,450 |
| Ronald E. Krieg | 8,099,800 | 1,141,508 | 2,521,450 |
| Jeffrey Lang | 7,041,718 | 2,199,590 | 2,521,450 |
| Jason D. Meretsky | 8,101,499 | 1,139,809 | 2,521,450 |
| Jonathan Pollack | 7,100,021 | 2,141,287 | 2,521,450 |
| Donald A. Wright | 7,835,238 | 1,406,070 | 2,521,450 |
Key Facts for Investor Verification
- Verify the composition of the newly elected Board of Directors against the company's proxy statement.
- Confirm the engagement of BDO Seidman, LLP for the fiscal 2011 audit.
- Note the significant number of broker non-votes (2,521,450) for all director elections, indicating shares held in street name where brokers lacked discretionary voting power.
- Review the "Votes Withheld" for Jason DeZwirek (2,647,679), which was the highest among all nominees.