Business Context and Reporting Period
This Form 8-K is a Current Report filed by Orient Paper, Inc. (a Nevada corporation) on October 31, 2013. The filing reports on the results of the Company's Annual Meeting of Stockholders held on the same date. Note: The request metadata references "IT TECH PACKAGING, INC.", but the filing text explicitly identifies the registrant as "Orient Paper, Inc."
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 procedural report regarding stockholder voting results and does not contain financial statements or performance metrics.
Material Changes and Voting Results
A total of 11,369,344 shares (61.60% of eligible shares) were represented at the meeting, constituting a quorum. The following matters were approved:
- Proposal 1 (Election of Directors): Both Class I nominees were elected to serve until the 2015 Annual Meeting.
- Drew Bernstein: 7,793,973 votes FOR; 0 AGAINST; 285,241 ABSTAIN; 10,122,802 Broker Non-Votes.
- Wenbing Christopher Wang: 7,788,920 votes FOR; 0 AGAINST; 290,294 ABSTAIN; 10,109,877 Broker Non-Votes.
- Proposal 2 (Ratification of Auditors): Stockholders ratified the appointment of BDO China Shu Lun Pan CPAs LLP as the independent registered public accounting firm for fiscal 2013.
- Votes: 11,271,867 FOR; 83,636 AGAINST; 13,841 ABSTAIN.
- Broker Non-Votes: None.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on future operations, specific risks, contingencies, or unusual items. The document is limited to the disclosure of voting outcomes.
Investor Verification Checklist
- Verify the correct registrant name is Orient Paper, Inc., not "IT Tech Packaging, Inc."
- Confirm the quorum threshold was met with 61.60% of eligible shares represented.
- Note the significant number of broker non-votes on the director election (approx. 10.1 million shares), which did not affect the outcome but indicates broker discretion.
- Review the full Proxy Statement referenced in the filing for detailed biographical information on the elected directors and the rationale for the auditor selection.