CTS Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the Annual Meeting of Shareholders held by CTS Corporation on May 22, 2013. The report was filed on May 22, 2013, and signed on May 28, 2013.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting results.
Material Changes
No material financial changes were reported in this filing. The document details the successful approval of all shareholder proposals.
Management Commentary and Voting Results
All proposals submitted at the Annual Meeting were approved. The specific results were:
- Election of Directors: All nine nominees were elected to serve until the 2014 Annual Meeting. The nominees included Walter S. Catlow, Lawrence J. Ciancia, Thomas G. Cody, Patricia K. Collawn, Michael A. Henning, Gordon Hunter, Diana M. Murphy, Kieran O'Sullivan, and Robert A. Profusek.
- Executive Compensation: Shareholders approved, on an advisory basis, the compensation of the named executive officers. Votes cast were 28,573,015 For, 354,381 Against, and 103,779 Abstained.
- Independent Auditor: Shareholders ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2013. Votes cast were 30,147,281 For, 340,967 Against, and 18,323 Abstained.
Investor Verification Checklist
- Verify the definitive proxy statement filed on April 17, 2013, for detailed biographies of the elected directors and executive compensation specifics.
- Confirm the appointment of Grant Thornton LLP as the auditor for the 2013 fiscal year in subsequent financial reports.
- Note that broker non-votes were recorded for director elections but did not affect the outcome as all nominees received majority support.