Nortech Systems shareholders elect eight directors, approve stock plan expansion at annual meeting

NORTECH SYSTEMS INC

All eight director nominees elected; Dan Sachs received 1,799,868 for votes, highest tally.
Advisory say-on-pay approved with 1,765,759 votes for, 35,223 against, 16,473 abstentions.
Amendment to 2017 Stock Incentive Plan approved, increasing reserved shares from 575,000 to 675,000.
Ratification of Baker Tilly as auditor for FY 2023 passed with 2,166,855 votes for.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

NORTECH SYSTEMS INC shareholders approved Advisory approval of named executive officer compensation at the 2023-05-10 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-10

Exact text from the filing

(2) The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s proxy statement.

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

NORTECH SYSTEMS INC shareholders approved Amendment to 2017 Stock Incentive Plan increasing reserved shares from 575,000 to 675,000 at the 2023-05-10 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-05-10

Exact text from the filing

(3) The shareholders approved an amendment to the 2017 Stock Incentive Plan increasing the shares of Common Stock reserved for issuance from 575,000 to 675,000.

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

NORTECH SYSTEMS INC shareholders approved Election of eight directors at the 2023-05-10 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-10

Exact text from the filing

(1) The shareholders elected eight directors to serve as members of the Company’s Board of Directors for one-year terms and until their successors are elected and qualified.

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

NORTECH SYSTEMS INC shareholders approved Ratification of Baker Tilly US, LLP as independent registered public accounting firm for FY2023 at the 2023-05-10 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-10

Exact text from the filing

(4) The shareholders ratified the appointment of Baker Tilly US, LLP (FKA: Baker Tilly Virchow Krause, LLP) as the Company’s independent registered public accounting firm for the year ending December 31, 2023.

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147 shareholder votes filed in the last 30 days. Browse all shareholder votes →

NORTECH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001437749-23-014662

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