Servotronics Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

$SVT
Industrial Machinery/Components
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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): May 10, 2024

 

Servotronics, Inc.

(Exact name of registrant as specified in its charter.)

 

Commission File Number: 001-07109

 

Delaware 16-0837866
(State or other jurisdiction (IRS Employer
of incorporation) Identification No.)

 

1110 Maple Street

Elma, New York 14059-0300

(Address of principal executive offices, including zip code)

 

(716) 655-5990

(Registrant's telephone number, including area code)

 

(Former name or former address, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Exchange Act:

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Common stock   SVT   NYSE American

 

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:

 

¨ 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 CFR 240.14a-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-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

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 5.07Submission of Matters to a Vote of Security Holders

 

The 2024 Annual Meeting of the stockholders of the Company was held on May 10, 2024. Stockholders representing 2,188,381 shares, or 85.86% of the 2,548,673 common shares outstanding as of the April 5, 2024, record date were present in person or were represented at the meeting by proxy.

 

The following Directors were elected by the affirmative vote of a plurality of the votes cast. The results of the voting for each nominee were as follows.

 

Name  For   Withhold Authority   Broker Non-Votes 
Brent D. Baird   1,387,767    541,350    259,264 
Edward C. Cosgrove   1,223,215    705,902    259,264 
William F. Farrell, Jr.   1,248,094    681,023    259,264 
Karen L. Howard   1,229,111    700,006    259,264 
Christopher M. Marks   1,237,719    691,398    259,264 
Evan H. Wax   1,388,019    541,098    259,264 

 

The advisory approval of executive compensation for 2023 received the affirmative vote of a majority of the votes cast in a non-binding vote. The results of the voting for the advisory vote were as follows:

 

For   Against   Abstentions   Broker Non-Votes 
 1,227,644    694,722    6,751    259,264 

 

The ratification of Freed Maxick CPAs, P.C. as the Company’s independent registered public accounting firm for the 2024 fiscal year received the affirmative vote of a majority of the votes cast and was passed. The results of the voting for this proposal were as follows:

 

For   Against   Abstentions 
 1,705,073    45,985    437,323 

 

 

 

 

Signature(s)

 

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 15, 2024

 

Servotronics, Inc.
   
 By:/s/ Robert Fraass
  Robert Fraass
  Chief Financial Officer

 

 

 

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