Optex shareholders approve reverse stock split, 2023 equity plan; exec comp formula set

Optex Systems Holdings Inc

Elected four directors (Schoening, Judd, Lehmann, Malhotra) with >4.5M 'for' votes each; broker non-votes 1.24M.
Reverse stock split charter amendment approved with 5.64M votes for, 145k against.
2023 Equity Incentive Plan approved (4.04M for, 51k against, 453k abstain, 1.24M broker non-votes).
Ratified Whitley Penn as auditor for FY2023 (5.75M for).
FY2023 bonus for CEO Schoening and CFO Hawkins: 50% revenue, 50% adj. EBITDA; payout 0-30% of base salary.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Optex Systems Holdings Inc shareholders approved Ratification of Whitley Penn LLP as independent registered public accounting firm at the 2023-02-16 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-02-16

Exact text from the filing

4. To ratify the appointment of Whitley Penn LLP as the Company’s independent registered public accounting firm for the fiscal year ending October 1, 2023: For Against Abstain 5,754,546 4,250 31,012

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Optex Systems Holdings Inc shareholders approved Approval of Reverse Split Charter Amendment at the 2023-02-16 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2023-02-16

Exact text from the filing

2. To approve the Reverse Split Charter Amendment: For Against Abstain 5,642,721 145,114 1,970

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Optex Systems Holdings Inc shareholders approved Approval of 2023 Equity Incentive Plan at the 2023-02-16 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-02-16

Exact text from the filing

3. To approve the 2023 Equity Incentive Plan: For Against Abstain Broker Non-Votes 4,042,821 51,124 452,930 1,242,933

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Optex Systems Holdings Inc shareholders approved Election of four directors at the 2023-02-16 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-02-16

Exact text from the filing

1. To elect four nominees to the Company’s board of directors, each for a term expiring at the next annual meeting of shareholders, and until his successor has been duly elected and qualified: Director For Withhold Broker Non-Votes Danny R. Schoening 4,543,796 3,079 1,242,933 Dayton Judd 4,543,896 2,979 1,242,933 Dale E. Lehmann 4,538,796 8,079 1,242,933 R. Rimmy Malhotra 4,509,535 37,340 1,242,933

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

Optex Systems Holdings Inc filing history →

Source: SEC EDGAR

accession 0001493152-23-005434

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