Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders for Aerovironment, Inc., held on September 29, 2010. The filing details the outcomes of shareholder votes regarding director elections and auditor ratification.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report on corporate governance events rather than a financial statement.
Material Changes
No material financial changes are reported in this filing. The document focuses on the results of the shareholder vote.
Corporate Governance and Voting Results
Proposal 1: Election of Directors
Stockholders elected three Class I directors for a three-year term. The voting results were as follows:
- Kenneth R. Baker: 16,512,029 For; 193,240 Withheld; 3,043,700 Broker Non-Votes.
- Murray Gell-Mann: 16,115,201 For; 590,068 Withheld; 3,043,700 Broker Non-Votes.
- Charles R. Holland: 15,643,230 For; 1,062,039 Withheld; 3,043,700 Broker Non-Votes.
Proposal 2: Ratification of Independent Auditors
Stockholders ratified the selection of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending April 30, 2011. The voting results were:
- For: 19,399,943 shares
- Against: 314,284 shares
- Abstain: 34,742 shares
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the percentage of votes cast for each director.
- Confirm the specific responsibilities of the newly elected Class I directors.
- Review the full proxy statement for details on the rationale behind the auditor selection.
- Check subsequent filings for the official appointment of Ernst & Young LLP for the fiscal year ending April 30, 2011.