Business Context and Reporting Period
This Form 8-K filing by Ormat Technologies, Inc. reports on the Annual Meeting of Stockholders held on May 6, 2010. The company is incorporated in Delaware and maintains its principal executive offices in Reno, Nevada.
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 matters and does not contain financial performance data.
Material Changes
There are no material financial changes reported in this filing. The primary event is the successful re-election of directors and the ratification of the independent auditor.
Corporate Governance and Voting Results
Stockholders voted on the following matters at the May 6, 2010 meeting:
- Election of Director Lucien Bronicki: Re-elected for a three-year term. Votes For: 33,414,312.30; Votes Against/Withheld: 3,836,967; Broker Non-Votes: 2,197,943.
- Election of Director Dan Falk: Re-elected for a three-year term. Votes For: 31,929,684.30; Votes Against/Withheld: 5,231,595; Broker Non-Votes: 2,197,943.
- Ratification of Auditor: Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2010. Votes For: 39,234,020.30; Votes Against/Withheld: 203,755; Abstentions: 11,447.
Key Facts for Investor Verification
- Confirm the terms of office for the newly re-elected directors (Lucien Bronicki and Dan Falk) are three years.
- Verify that PricewaterhouseCoopers LLP is serving as the independent auditor for the 2010 fiscal year.
- Note that the filing contains no financial guidance, outlook, or risk disclosures beyond the standard governance reporting.