UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 29, 2022
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of
incorporation or organization)
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(Commission
File Number)
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(I.R.S. Employer
Identification Number)
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(Address of principal executive offices)
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(Zip Code)
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(540 ) 265-0690
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class
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Trading Symbol
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Name of exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12B-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07 Submission of Matters to a Vote of Security Holders.
On March 29, 2022, Optical Cable Corporation (“OCC” or the “Company”) held its annual meeting of shareholders at its corporate headquarters, 5290 Concourse Drive, Roanoke, Virginia for the purposes of (1) electing five directors from the slate of directors nominated in accordance with OCC’s bylaws to serve until the next annual meeting of shareholders, (2) approving the First Amendment to the Optical Cable Corporation 2017 Stock Incentive Plan (“2017 Plan”) to reserve an additional 350,000 new Common Shares of the Company for issuance under the 2017 Plan, (3) ratifying the appointment of Brown, Edwards & Company, L.L.P. as the independent registered public accounting firm for OCC, and (4) approving, on a non-binding advisory basis, the compensation of the Company’s named executive officers.
1. Election of Directors. Each of the following directors were elected to serve until the next annual meeting of shareholders and until their successors are duly elected and qualified. The vote regarding such directors was as follows:
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Directors
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Common Share Votes For
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Common Share Votes Withheld
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Common Share Broker Non-Votes
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Neil D. Wilkin, Jr.
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3,550,039
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1,181,405
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974,039
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Randall H. Frazier
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3,339,545
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1,391,899
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974,039
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John M. Holland
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3,375,404
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1,356,040
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974,039
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John A. Nygren
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3,387,910
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1,343,534
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974,039
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Craig H. Weber
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3,521,996
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1,209,448
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974,039
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2. Approval of the First Amendment (the “First Amendment”) to the Optical Cable Corporation 2017 Stock Incentive Plan (“2017 Plan”) to reserve an additional 350,000 Common Shares of the Company for issuance under the 2017 Plan. The First Amendment was approved and 350,000 Common Shares of the Company were reserved for issuance under the 2017 Plan. The vote regarding the approval and reservation was as follows:
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Number of Common Share Votes For
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4,075,630
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Number of Common Share Votes Against
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649,391
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Number of Common Share Votes Abstain
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6,423 |
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Number of Common Share Broker Non-Votes
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974,039
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3. Ratification of Brown, Edwards & Company L.L.P. Brown, Edwards & Company, L.L.P. was ratified as the independent registered public accounting firm for OCC. The vote regarding the ratification was as follows:
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Number of Common Share Votes For
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5,666,608
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Number of Common Share Votes Against
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27,532
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Number of Common Share Votes Abstain
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11,343
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4. Approval, on a non-binding advisory basis, of the compensation to the Company’s named executive officers. The compensation of the Company’s named executive officers was approved on a non-binding advisory basis. The vote regarding the approval was as follows:
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Number of Common Share Votes For
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4,122,077
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Number of Common Share Votes Against
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602,094
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Number of Common Share Votes Abstain
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7,273
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Number of Common Share Broker Non-Votes
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974,039
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No other matters were voted upon at the annual meeting of shareholders.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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OPTICAL CABLE CORPORATION
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By:
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/s/ TRACY G. SMITH
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Name:
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Tracy G. Smith
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Title:
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Senior Vice President and Chief Financial Officer
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Dated: March 29, 2022
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