Business Context and Reporting Period
This Form 8-K filing by Chicago Rivet & Machine Co. reports on the Annual Meeting of Stockholders held on May 8, 2018. The filing details the outcomes of shareholder votes regarding the election of directors and the ratification of the independent auditor.
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 and Voting Results
The following matters were submitted to a vote of security holders:
- Election of Directors: All seven nominees were elected to serve terms ending at the 2019 Annual Meeting.
- Michael J. Bourg: 565,732 For / 26,476 Withheld
- Edward L. Chott: 544,968 For / 48,665 Withheld
- Kent H. Cooney: 577,285 For / 21,145 Withheld
- William T. Divane, Jr.: 573,629 For / 23,254 Withheld
- John A. Morrissey: 570,113 For / 23,760 Withheld
- Walter W. Morrissey: 570,812 For / 23,660 Withheld
- John L. Showel: 565,991 For / 26,568 Withheld
Note: There were 300,546 broker non-votes for each director nominee.
- Ratification of Auditor: The selection of Crowe Horwath LLP as the independent registered public accounting firm for 2018 was ratified.
- Votes For: 862,570
- Votes Against: 12,153
- Abstentions: 13,786
- Broker Non-Votes: 0
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to calculate the percentage of votes cast for each director and the auditor ratification.
- Confirm the term end date for the newly elected directors (Annual Meeting in 2019).
- Review the full proxy statement dated March 23, 2018, for detailed biographies of the elected directors and the rationale for selecting Crowe Horwath LLP.
- Note the significant number of broker non-votes (300,546) for the director elections, indicating shares held in street name where brokers did not have discretionary voting authority.