UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
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Item 5.07.Submission of Matters to a Vote of Security Holders.
Allied Motion Technologies Inc. (“the Company”) held its annual stockholders’ meeting on May 4, 2022. At the annual meeting, the stockholders of the Company (i) elected the seven director nominees, (ii) approved, on an advisory basis, the compensation awarded to the Company’s Named Executive Officers, (iii) ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the 2022 fiscal year.
The tables below are calculated based on 15,452,717 shares of the Company’s outstanding Common Stock on the record date of March 9, 2022.
The results of the voting for the seven director nominees were as follows:
Nominee | For | Against | Abstentions | Broker Non-votes |
Robert B. Engel | 12,736,614 | 86,703 | 10,360 | 1,537,856 |
Richard D. Federico | 12,445,953 | 377,365 | 10,359 | 1,537,856 |
Steven C. Finch | 12,741,430 | 81,737 | 10,510 | 1,537,856 |
James J. Tanous | 12,139,376 | 683,941 | 10,360 | 1,537,856 |
Nicole R. Tzetzo | 12,630,393 | 192,775 | 10,509 | 1,537,856 |
Richard S. Warzala | 12,690,708 | 137,447 | 5,522 | 1,537,856 |
Michael R. Winter | 12,601,556 | 221,762 | 10,359 | 1,537,856 |
The results for the advisory vote on executive compensation were as follows:
For | Against | Abstentions | Broker Non-Votes |
12,129,755 | 301,905 | 402,017 | 1,537,856 |
The results of the voting for the ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the 2022 fiscal year were as follows:
For | Against | Abstentions |
14,032,353 | 14,642 | 324,538 |
Item 8.01.Other Events.
Director Compensation Program
On May 4, 2022, the Board of Directors amended the Company’s Director Compensation Program. As amended, the annual cash retainer paid to each Non-employee Director is increased to $62,400. The annual restricted stock award granted to each Non-employee Director under the Company’s 2017 Omnibus Incentive Plan was also increased. As amended, the annual award consists of shares of the Company’s common stock with a value of $69,100 as of the date of election. These restricted shares will vest quarterly over the 12-month service period.
A copy of the Company’s Director Compensation Program, Stock Ownership Requirements and Stock-in-Lieu of Cash Retainer Plan, including the Non-Employee Director Compensation Policy pursuant to the 2017 Omnibus Incentive Plan is filed as Exhibit 10.1 hereto.
Item 9.01. Financial Statements and Exhibits
10.1 |
104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101). |
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.
DATE: May 6, 2022ALLIED MOTION TECHNOLOGIES INC.
By: /s/ Michael R. Leach
Michael R. Leach
Senior Vice President & Chief Financial Officer