Item 5.07 Submission of matters to a Vote of Security Holders.
a) The annual meeting of shareholders of ADDvantage Technologies Group, Inc. (the "Company") was held in Carrollton, Texas at our future corporate offices of the Company on March 18, 2020.
b) At the meeting, the following proposals were voted on:
Proposal 1: Election of Directors
The following directors were elected for one year terms (with the votes as indicated):
Director Name
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For
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Withheld
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Broker Non-vote
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David E. Chymiak
|
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4,615,502
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|
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2,356,785
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|
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2,223,141
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Thomas J. Franz
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4,438,475
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2,533,812
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|
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2,223,141
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Timothy S. Harden
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6,826,056
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|
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146,231
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|
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2,223,141
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Joseph E. Hart
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5,145,909
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|
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1,826,378
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|
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2,223,141
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|
James C. McGill
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4,445,564
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|
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2,526,723
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|
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2,223,141
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|
John M. Shelnutt
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6,847,196
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125,091
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|
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2,223,141
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David W. Sparkman
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4,595,642
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|
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2,376,645
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|
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2,223,141
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Proposal 2: Ratify HoganTaylor as the Company's Independent Registerd Public Accountant
The shareholders ratified the appointment of HoganTaylor LLP as the Company’s independent registered public accounting firm for the 2020
fiscal year with 6,735,513 votes for, 2,453,679 votes against, and 6,236 votes abstaining.
Proposal 3: Approve Amendment to Company's 2015 Incentive Stock Plan
The shareholders approved an amendment to authorize an additional 1,000,000 shares of common stock to the 2015 Incentive Stock Plan with 4,106,661 votes for, 2,861,970 votes against, and 3,656 votes abstaining. There were 2,223,141 broker non-votes.
Proposal 4: Proposal to Approve Director Compensation Plan
The shareholders approved a new director compensation plan with 4,553,588 votes for, 2,145,769 votes against, and 84,261
votes abstaining. There were 2,223,141 broker non-votes.
Proposal 5: Approve, on an Advisory Basis, Executive Compensation
The shareholders approved a new executive compensation plan with 4,761,306 votes for, 2,124,006 votes against, and 86,975 votes abstaining. There were 2,223,141 broker non-votes.
Proposal 6: Approve, on an Advisory Basis, the Frequency of Executive Compensation
One Year
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Two Years
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Three Years
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Abstain
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Broker Non-vote
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|
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3,627,425
|
|
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154,000
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|
|
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3,102,726
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88,136
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|
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2,223,141
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