secwatch.observer — SEC 8-K summary
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Issuer:     Optex Systems Holdings Inc (OPXS)
CIK:        0001397016
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001493152-23-005434
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397016/000149315223005434/0001493152-23-005434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397016/000149315223005434/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005434

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer