Business Context and Reporting Period
This Form 8-K filing by Orion Energy Systems, Inc. reports on the results of the 2018 Annual Meeting of Shareholders held on September 6, 2018. The company is incorporated in Wisconsin and maintains its principal executive offices in Manitowoc, Wisconsin.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting. It does not provide financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. Investors should refer to the company's Form 10-K or 10-Q for financial performance details.
Material Changes and Voting Results
As of the July 13, 2018 record date, 31,293,083 shares of common stock were outstanding. Approximately 87% of all votes were represented at the meeting. The following proposals were approved:
- Proposal One (Election of Directors): Michael W. Altschaefl and Mark C. Williamson were elected as Class II directors to serve until the 2021 Annual Meeting. Both candidates received approximately 89% of the votes cast.
- Proposal Two (Say-On-Pay): Shareholders approved the compensation of named executive officers with approximately 97% of the votes cast in favor.
- Proposal Three (Ratification of Accountants): BDO USA, LLP was ratified as the independent registered public accounting firm for fiscal year 2019 with approximately 99% of the votes cast in favor.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It strictly documents the submission of matters to a vote of security holders.
Key Facts for Investor Verification
- Verification of the election of Michael W. Altschaefl and Mark C. Williamson to the Board of Directors.
- Confirmation that BDO USA, LLP is the appointed auditor for fiscal year 2019.
- Review of the definitive proxy statement for details on executive compensation approved in the Say-On-Pay vote.
- Confirmation of the 87% shareholder participation rate at the 2018 Annual Meeting.