0000950170-23-029822.txt : 20230626 0000950170-23-029822.hdr.sgml : 20230626 20230626150103 ACCESSION NUMBER: 0000950170-23-029822 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20230622 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20230626 DATE AS OF CHANGE: 20230626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PC TEL INC CENTRAL INDEX KEY: 0001057083 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 770364943 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27115 FILM NUMBER: 231041830 BUSINESS ADDRESS: STREET 1: 471 BRIGHTON DRIVE CITY: BLOOMINGDALE STATE: IL ZIP: 60108 BUSINESS PHONE: 630-372-6800 MAIL ADDRESS: STREET 1: 471 BRIGHTON DRIVE CITY: BLOOMINGDALE STATE: IL ZIP: 60108 8-K 1 pcti-20230622.htm 8-K 8-K
0001057083false00010570832023-06-222023-06-22

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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) June 22, 2023

PCTEL, Inc.

(Exact name of registrant as specified in its charter)

Delaware

000-27115

77-0364943

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

471 Brighton Drive

Bloomingdale, Illinois

 

60108

(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s telephone number, including area code: (630) 372-6800

 

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 Instructions A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock

 

PCTI

 

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

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 June 22, 2023, PCTEL, Inc. held its Annual Meeting of Shareholders, at which a quorum was present. The table below sets forth the number of votes cast for and against, as well as the number of abstentions and broker non-votes, for each matter voted upon at the meeting, as certified by the inspector of elections:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR

 

 

AGAINST

 

 

ABSTAIN/ WITHHELD

 

 

BROKER
NON-VOTES

 

Election of the three Class III directors to serve until the 2026 annual meeting of stockholders or until their respective successors are duly elected and qualified

 

 

 

 

 

 

 

 

 

 

 

 

Steven D. Levy

 

 

8,435,555

 

 

-

 

 

 

3,002,012

 

 

 

4,599,434

 

David A. Neumann

 

 

8,964,412

 

 

-

 

 

 

2,473,135

 

 

 

4,599,434

 

Anthony R. Rossabi

 

 

8,949,738

 

 

-

 

 

 

2,487,809

 

 

 

4,599,434

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-binding, advisory vote to approve the Company’s 2022 named executive officer compensation (“Say-on-Pay”)

 

 

9,346,107

 

 

 

2,067,448

 

 

 

23,992

 

 

 

4,599,434

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023

 

 

15,855,506

 

 

 

130,680

 

 

 

50,795

 

 

-

 

The table below sets forth the number of votes cast for each option, as well as, the number of abstentions, relating to the frequency of future Say-on-Pay votes:

 

 

EVERY YEAR

 

 

EVERY TWO YEARS

 

 

EVERY THREE YEARS

 

 

ABSTAIN

 

Non-binding advisory vote to approve the frequency of future Say-on-Pay votes

 

 

10,065,326

 

 

 

27,155

 

 

 

1,339,824

 

 

 

5,242

 

 

Pursuant to Item 5.07(d), the Company intends to file an amendment to this Form 8-K within 150 days after its Annual Meeting of Shareholders that will contain the decision of the Board of Directors of the Company regarding the frequency with which the Company should conduct future advisory shareholder votes on named executive office compensation.

 

 


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 26, 2023

PCTEL, INC.

By:

/s/ Kevin J. McGowan

Kevin J. McGowan, Chief Financial Officer


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