Business Context and Reporting Period
ONE STOP SYSTEMS, INC. filed this Form 8-K on May 22, 2018, to report the results of its 2018 Annual Meeting of Stockholders held on the same date in Escondido, California. The record date for the meeting was March 29, 2018, with 12,767,289 shares of common stock issued and outstanding.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
No material financial changes are reported in this filing. The document details the outcome of stockholder votes on director elections and auditor ratification.
Guidance, Outlook, and Management Commentary
The filing contains no management commentary on future outlook, guidance, risks, or contingencies. It strictly reports the final voting results for the 2018 Annual Meeting.
Important Facts for Investors
- Quorum Achieved: 10,135,045 shares (approximately 79.38% of outstanding shares) were represented at the meeting.
- Director Elections: Stockholders elected six directors: Steve Cooper, Randy Jones, David Raun, John Reardon, Kenneth Potashner, and Jack Harrison. All received significant "For" votes with zero "Against" votes.
- Auditor Ratification: Stockholders ratified the selection of Haskell & White LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2018.
- Voting Details: Proposal 1 (Directors) saw minimal withheld votes (ranging from 14,249 to 170,273). Proposal 2 (Auditor) received 10,111,294 "For" votes, 952 "Against" votes, and 22,799 abstentions.