0001437749-24-020953.txt : 20240621 0001437749-24-020953.hdr.sgml : 20240621 20240621160229 ACCESSION NUMBER: 0001437749-24-020953 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240620 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20240621 DATE AS OF CHANGE: 20240621 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ideal Power Inc. CENTRAL INDEX KEY: 0001507957 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 141999058 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36216 FILM NUMBER: 241060091 BUSINESS ADDRESS: STREET 1: 5508 HIGHWAY 290 WEST STREET 2: SUITE 120 CITY: AUSTIN STATE: TX ZIP: 78735 BUSINESS PHONE: 512-264-1542 MAIL ADDRESS: STREET 1: 5508 HIGHWAY 290 WEST STREET 2: SUITE 120 CITY: AUSTIN STATE: TX ZIP: 78735 FORMER COMPANY: FORMER CONFORMED NAME: Ideal Power Converters, Inc. DATE OF NAME CHANGE: 20101215 8-K 1 ipwr20240620_8k.htm FORM 8-K ipwr20240620_8k.htm
false 0001507957 0001507957 2024-06-20 2024-06-20
 
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): June 20, 2024
 

 
IDEAL POWER INC.
(Exact name of registrant as specified in Charter)
 
Delaware
 
001-36216
 
14-1999058
(State or other jurisdiction of
incorporation or organization)
 
(Commission File No.)
 
(IRS Employee Identification No.)
 
 
5508 Highway 290 West, Suite 120
Austin, Texas, 78735
(Address of Principal Executive Offices)
 
512-264-1542
(Issuer Telephone number)
 
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).
 
 
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 CFR240.14a-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-(c) under the Exchange Act (17 CFR 240.13(e)-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading Symbol
 
Name of each exchange on which registered
Common Stock
 
IPWR
 
Nasdaq Capital Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
 
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 20, 2024, Ideal Power Inc. (the “Company”) held its 2024 Annual Meeting of Stockholders as a virtual meeting online via live audio webcast (the “Annual Meeting”). At the Annual Meeting, there were 4,896,402 shares of common stock represented to vote either in person or by proxy, or 63.74% of the outstanding shares entitled to vote, which represented a quorum. The Company’s stockholders voted on, and approved, the following proposals at the Annual Meeting:
 
Proposal 1 — Election of five directors to serve until the 2025 annual meeting of stockholders and until their respective successors are elected and qualified.
 
Nominee:
 
For
 
Withheld
 
Broker Non-
Votes
R. Daniel Brdar
 
2,390,007
 
7,895
 
2,498,500
Drue Freeman
 
1,487,050
 
910,852
 
2,498,500
Gregory Knight
 
2,367,333
 
30,569
 
2,498,500
Ted Lesster
 
2,367,834
 
30,068
 
2,498,500
Michael C. Turmelle
 
2,390,655
 
7,247
 
2,498,500
 
Proposal 2 — Ratification of the appointment of BPM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.
 
For
 
Against
 
Abstain
 
4,878,069
 
2,743
 
15,590
 
 
Proposal 3 — Approval, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.
 
For
 
Against
 
Abstain
 
Broker Non-Votes
 
2,237,634
 
154,844
 
5,424
 
2,498,500
 
 
 

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Dated: June 21, 2024
IDEAL POWER INC.
 
       
       
 
By:  
/s/ Timothy Burns
 
   
Timothy Burns
 
   
Chief Financial Officer
 
 
 
 
 
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