---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-010304"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T17:53:55.484056+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# AXT shareholders elect Young and Chang as Class I directors at annual meeting

## Summary
- Dr. Morris S. Young re-elected with 26,094,280 shares for (94.5%); Dr. David C. Chang with 23,743,170 for (86.0%).
- Advisory vote on executive compensation approved: 23,569,412 for (83.9% of votes cast); one-year frequency selected (83.9%).
- Ratification of BPM LLP as auditor for FY2023: 34,716,052 for, 273,524 against (99.2% approval).

## SEC filing metadata
- accession: 0001558370-23-010304
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000155837023010304/0001558370-23-010304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000155837023010304/axti-20230518x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010304
- JSON: https://secwatch.observer/filing/0001558370-23-010304.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010304.txt

## Key facts
- Shareholder Votes
  AXT INC shareholders approved Election of two Class I directors at the 2023-05-18 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: Proposal 1: Election of two (2) Class I directors to hold office for a three-year term and until their respective successors are elected and qualified:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051627/000155837023010304/0001558370-23-010304-index.htm
- Shareholder Votes
  AXT INC shareholders approved Advisory vote on executive compensation at the 2023-05-18 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: Proposal 2: Advisory vote on executive compensation:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051627/000155837023010304/0001558370-23-010304-index.htm
- Shareholder Votes
  AXT INC shareholders approved Advisory vote on the frequency of holding an advisory vote on executive compensation at the 2023-05-18 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: Proposal 3: Advisory vote on the frequency of holding an advisory vote on executive compensation:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051627/000155837023010304/0001558370-23-010304-index.htm
- Shareholder Votes
  AXT INC shareholders approved Ratification of the appointment of BPM LLP as the Company's independent registered public accounting firm at the 2023-05-18 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: Proposal 4: Ratification of the appointment of BPM LLP (“BPM”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051627/000155837023010304/0001558370-23-010304-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.