Optex Systems Holdings Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2022 Annual Meeting of Shareholders held by Optex Systems Holdings, Inc. on February 16, 2022. The company is incorporated in Delaware with principal executive offices in Richardson, Texas.
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
As of the record date, 8,455,620 shares of common stock were issued and outstanding. A quorum of 6,920,808 shares was present or represented by proxy. The following proposals were voted upon:
- Director Elections: All four nominees (Danny R. Schoening, Lawrence F. Hagenbuch, Dale E. Lehmann, and R. Rimmy Malhotra) were elected to the Board of Directors.
- Independent Auditor: Shareholders ratified the appointment of Whitley Penn LLP as the independent registered public accounting firm for the fiscal year ending October 2, 2022.
- Executive Compensation (Say-on-Pay): The advisory vote to approve the compensation of named executive officers was approved.
- Frequency of Say-on-Pay: Shareholders voted to hold the advisory vote on executive compensation every three years.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, management outlook, specific risks, contingencies, or unusual items. The document serves solely to disclose the outcomes of the shareholder meeting.
Key Facts for Investor Verification
- Verify the election of the four new directors and their terms expiring at the next annual meeting.
- Confirm the ratification of Whitley Penn LLP as the independent auditor for the fiscal year ending October 2, 2022.
- Note the shareholder decision to conduct executive compensation advisory votes on a three-year cycle.
- Review the significant number of broker non-votes (2,582,735) recorded for the director elections and frequency vote.