SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
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The Securities Exchange Act of 1934
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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 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter). | |
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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 May 5, 2023 at the Company’s annual meeting of stockholders, stockholders approved, did not approve or indicated their preference on the following matters submitted to them for consideration:
Elected Ernst G. Hoyer as a director of the Company:
For 871,160Withheld1,926,073Broker Non Votes 371,084
Elected James H. Beeson as a director of the Company:
For 1,277,218Withheld1,520,015Broker Non Votes 371,084
Did not approve the 2023 Employees’ and Directors’ Incentive Plan:
For 1,168,480Against1,590,668Abstentions 38,085
Ratified the selection of Haynie & Co. as the Company’s independent public accounting firm for the year ended December 31, 2023:
For 3,138,164Against27,552Abstentions 2,601
Approved, on an advisory basis, the compensation paid to UTMD’s named executive officers, including the Compensation Discussion and Analysis, compensation tables and narrative discussion:
For 2,719,953Against 72,499Abstentions 4,781
Broker Non Votes 371,084
Indicated a preference, the frequency of future advisory votes on the Company’s executive compensation program:
Every year: 2,412,492 Every two years: 17,765 Every three years: 167,728
Abstain: 199,248Broker Non Votes: 371,084
Per Company policy, Mr. Hoyer and Dr. Beeson tendered their resignations, which were conditioned upon acceptance by the Board of Directors. The Board of Directors voted not to accept those resignations. Per Utah law, Mr. Hoyer and Dr. Beeson were elected to serve three-year terms and until their successors are elected and qualified.
The Company will continue to include annual advisory stockholder votes on executive compensation in its proxy materials. Annual advisory stockholder votes will be held until at least the next required advisory vote on frequency of stockholder votes on the compensation of executives.
SIGNATURES
Pursuant to the requirements of the Securities Exchanges Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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| UTAH MEDICAL PRODUCTS, INC. | |
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| REGISTRANT | |
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Date: | 5/05/2023 | By: | /s/ Kevin L. Cornwell |
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| Kevin L. Cornwell |
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| Chairman & CEO |