Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Shareholders held by Yunhong Green CTI Ltd. on December 13, 2024. The company is incorporated in Illinois and its common stock (Symbol: YHGJ) trades on The Nasdaq Capital Market.
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 results.
Material Changes and Voting Results
Shareholders approved three proposals at the Annual Meeting. The total number of shares entitled to vote was 25,848,187, with 16,316,222 shares present or represented by proxy.
Proposal 1: Election of Directors
Five directors were elected for a one-year term expiring at the 2025 annual meeting. All candidates received majority support:
- Yubao Li: 12,766,628 For; 33,707 Withheld.
- Frank Cesario: 12,766,628 For; 33,307 Withheld.
- Douglas Bosley: 12,337,097 For; 463,238 Withheld.
- Gerald (J.D.) Roberts, Jr.: 12,497,754 For; 302,581 Withheld.
- Philip Wong: 12,337,097 For; 463,238 Withheld.
Broker non-votes totaled 3,515,887 for all director candidates.
Proposal 2: Ratification of Auditors
Shareholders ratified the appointment of Wolf & Company, P.C. as auditors for the fiscal year ending December 31, 2024.
- Votes For: 16,172,592
- Votes Against: 142,022
- Abstain: 1,608
- Broker Non-Votes: 3,515,887
Proposal 3: Other Business
Approved to transact such other business as may properly come before the meeting.
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 outcome of the shareholder vote.
Investor Verification Checklist
- Verify the definitive proxy statement filed on November 1, 2024, for detailed biographies of the elected directors and the rationale for the auditor appointment.
- Confirm the total share count and voting thresholds in the company's most recent 10-K or 10-Q filings to contextualize the 63% participation rate (16.3M present vs. 25.8M entitled).
- Review the upcoming 2024 Annual Report (10-K) for the financial performance of the fiscal year ending December 31, 2024, which is not included in this 8-K.