Business Context and Reporting Period
Company: Optical Cable Corporation (OCC)
Filing Type: Form 8-K (Current Report)
Date of Report: March 29, 2011
Event: Annual Meeting of Shareholders held at Green Ridge Recreation Center, Roanoke, Virginia.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes and Corporate Actions
The following matters were submitted to a vote of security holders and approved:
- Election of Directors: Five directors were elected to serve until the next annual meeting.
- Neil D. Wilkin, Jr. (3,663,052 For; 77,502 Withheld)
- Randall H. Frazier (3,552,578 For; 187,976 Withheld)
- John M. Holland (3,673,031 For; 67,523 Withheld)
- Craig H. Weber (3,563,769 For; 176,785 Withheld)
- John B. Williamson, III (3,072,921 For; 667,633 Withheld)
- 2011 Stock Incentive Plan: Adopted with a reservation of 500,000 common shares for issuance.
- Votes For: 3,192,572
- Votes Against: 497,848
- Votes Abstain: 50,134
- Broker Non-Votes: 1,618,292
- Auditor Ratification: KPMG LLP was ratified as the independent registered public accounting firm.
- Votes For: 5,251,149
- Votes Against: 84,862
- Votes Abstain: 22,835
Guidance, Outlook, and Risks
Management Commentary: Following the formal meeting, Neil Wilkin (Chairman, President, and CEO) provided a presentation on the Company. The material portions are attached as Exhibit 99.1.
Disclaimer: The presentation materials are not deemed "filed" for purposes of Section 18 of the Exchange Act and are not subject to its liabilities. The Company disclaims any obligation to update the information contained in the presentation.
Investor Verification Checklist
- Verify the specific terms and vesting schedules of the newly adopted 2011 Stock Incentive Plan (500,000 shares reserved).
- Review Exhibit 99.1 for the details of the CEO's presentation, noting that this information is not formally filed under the Exchange Act.
- Confirm the tenure of the newly elected directors, specifically noting the higher number of withheld votes for John B. Williamson, III compared to other nominees.
- Check subsequent filings (e.g., 10-K or 10-Q) for the actual financial performance data, as this 8-K contains no financial metrics.