Mill City Ventures III Ltd. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
UNITED STATES
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CURRENT REPORT PURSUANT TO
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SECURITIES EXCHANGE ACT OF 1934
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On October 31, 2023, Mill City Ventures III, Ltd. held its 2023 annual meeting of shareholders. At that meeting, the company’s shareholders approved the proposals listed below. The final voting results for each proposal are set forth in the following tables. Each of the proposals is described in detail in the company’s related proxy statement.
| 1. | To elect five members to the Board of Directors, each to serve for a one-year term: |
Name | Votes For | Votes Against | Abstentions | Broker Non-Votes |
Lyle A. Berman | 3,747,140 | 0 | 25,422 | 0 |
Joseph A. Geraci, II | 3,747,806 | 0 | 24,756 | 0 |
Howard P. Liszt | 3,456,979 | 0 | 315,583 | 0 |
Douglas M. Polinsky | 3,760,830 | 0 | 11,732 | 0 |
Laurence S. Zipkin | 3,760,799 | 0 | 11,763 | 0 |
| 2. | To approve, on an advisory basis, the compensation paid to the company’s named executives: |
Votes For | Votes Against | Abstentions | Broker Non-Votes |
3,469,344 | 301,573 | 1,645 | 0 |
| 3. | To approve, on an advisory basis, the frequency with which the company’s shareholders will provide an advisory vote on the compensation paid to the company’s named executives: |
Votes for 1 Year | Votes for 2 Years | Votes For 3 Years | Abstentions | Broker Non-Votes |
1,730,713 | 135,154 | 1,906,093 | 602 | 0 |
As indicated above, the company’s shareholders voted for an advisory vote on named executive officer compensation to be held every three years, consistent with the recommendation of the company’s Board of Directors. Accordingly, the company has determined to hold an advisory vote on the compensation paid to its named executives every three years.
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SIGNATURE
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.
Mill City Ventures III, Ltd. | |||
| Date: November 6, 2023 | By: | /s/ Joseph A. Geraci, II | |
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| Joseph A. Geraci, II | |
Chief Financial Officer | |||
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