Mayville Engineering Company, Inc. — Form 8-K Summary
Business Context and Reporting Period
Mayville Engineering Company, Inc. filed a Form 8-K dated May 12, 2020, reporting actions taken at its 2020 annual meeting of shareholders and an amendment to its bylaws. The filing does not report operating or financial results.
Financial Metrics and Liquidity
The filing provides no revenue, profit, cash flow, margin, debt, liquidity, or other financial-performance information.
Material Changes
- The Board approved an immediate amendment reducing the authorized size of the Board from eight directors to seven.
- Shareholders elected Steven L. Fisher and Patrick D. Michels to three-year terms expiring at the 2023 annual meeting.
- Shareholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for 2020.
Meeting and Voting Results
| Item | For | Against/Withheld | Other |
|---|---|---|---|
| Steven L. Fisher election | 14,688,611; 83.53% | 2,897,247 withheld; 16.47% | 1,265,278 broker non-votes |
| Patrick D. Michels election | 14,555,292; 82.77% | 3,030,566 withheld; 17.23% | 1,265,278 broker non-votes |
| Deloitte & Touche ratification | 18,574,730; 98.89% | 208,623 against; 1.11% | 67,783 abstentions; no broker non-votes |
Approximately 97.61% of the 19,311,966 outstanding shares eligible to vote as of March 9, 2020 were represented at the meeting in person or by proxy.
Guidance, Outlook, Risks, and Unusual Items
The filing contains no management guidance, outlook, risk update, contingency disclosure, or unusual financial item. It identifies the company as an emerging growth company.
Investor Verification Points
- Confirm the amended bylaws and the resulting seven-member Board structure.
- Verify the 2023 expiration dates for the terms of Messrs. Fisher and Michels.
- Confirm Deloitte & Touche LLP’s appointment as the 2020 independent registered public accounting firm.
- Review subsequent filings for operating results, liquidity, debt, and any business effects not addressed in this governance-focused 8-K.