Business Context and Reporting Period
This Form 8-K filing by Ormat Technologies, Inc. reports on the Annual Meeting of Stockholders held on May 7, 2013. The report details the submission of matters to a vote of security holders, specifically the election of directors and the ratification of the independent auditor.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a corporate governance report regarding shareholder voting results.
Material Changes
No material financial changes are reported in this filing. The significant events are the successful re-election of two directors and the ratification of the company's auditor.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on operations, risk factors, or contingencies. It solely presents the voting outcomes from the annual meeting.
Key Facts for Investors
- Director Elections: Stockholders approved the re-election of Gillon Beck and Dan Falk to the Board of Directors for three-year terms.
- Auditor Ratification: Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2013.
- Voting Results:
- Gillon Beck: 31,812,267 votes For; 485,023 votes Against; 205,326 Abstentions.
- Dan Falk: 27,756,826 votes For; 4,540,564 votes Against; 205,226 Abstentions.
- Auditor Ratification: 35,587,933 votes For; 249,284 votes Against; 15,235 Abstentions.
- Broker Non-Votes: There were 3,349,836 broker non-votes recorded for the election of Gillon Beck and 0 for the auditor ratification.