News Column

CARDICA INC FILES (8-K/A) Disclosing Submission of Matters to a Vote of Security Holders

February 13, 2014



Item 5.07 Submission of Matters to a Vote of Security Holders.

At the Annual Meeting, Cardica's stockholders approved the six proposals listed below, which proposals are described in detail in the Proxy Statement. The final votes on the proposals presented at the Annual Meeting are as follows:

Proposal 1:



Each of Bernard A. Hausen, M.D., Ph.D., Kevin T. Larkin, Richard P. Powers, Jeffrey L. Purvin, John Simon, Ph.D. and William H. Younger, Jr. was elected as a director to hold office until the 2014 Annual Meeting of Stockholders and until his successor is elected and has qualified, or, if sooner, until the director's death, resignation or removal, by the following vote:

Nominee Votes Votes Broker For Withheld Non-Votes



Bernard A. Hausen, M.D., Ph.D. 26,429,159 682,343 19,143,752

Kevin T. Larkin 26,471,085 640,417 19,143,752 Richard P. Powers 26,667,671 443,831 19,143,752 Jeffrey L. Purvin 26,676,793 434,709 19,143,752 John Simon, Ph.D. 26,679,618 431,884 19,143,752 William H. Younger, Jr. 26,673,228 438,274 19,143,752 Proposal 2:



The proposal to amend Cardica's Amended and Restated Certificate of Incorporation to increase Cardica's authorized number of shares of Common Stock from 75,000,000 shares to 125,000,000 shares was approved by the following vote:

Votes For Votes Against Abstentions Broker Non-Votes 41,701,039 3,515,461 1,038,754

0 Proposal 3:



The proposal to approve, on an advisory basis, the compensation of Cardica's named executive officers, as disclosed in the Proxy Statement, was approved by the following vote:

Votes For Votes Against Abstentions Broker Non-Votes 25,984,230 893,961 233,311 19,143,752



--------------------------------------------------------------------------------

Proposal 4:



The proposal to indicate, on an advisory basis, the preferred frequency of stockholder advisory votes on the compensation of Cardica's named executive officers, was approved at one year by the following vote:

Votes For Three Broker Non-Votes Votes For One Year Votes For Two Years Years Abstentions 23,324,442 806,045 732,754 248,261 21,143,752 Proposal 5:



The proposal to ratify the selection by the audit committee of the Board of BDO USA LLP as Cardica's independent registered public accounting firm for the fiscal year ending June 30, 2014, was ratified by the following vote:

Votes For Votes Against Abstentions Broker Non-Votes 45,378,812 214,389 662,053

0 Proposal 6:



The proposal to approve the amendment and restatement of the 2005 Plan as described in Item 5.02 above was approved by the following vote:

Votes For Votes Against Abstentions Broker Non-Votes 25,908,981 1,013,347 189,174 19,143,752

Cardica has determined, in light of and consistent with the vote of the Cardica stockholders as to the preferred frequency of stockholder advisory votes on the compensation of Cardica's named executive officers, to include a stockholder advisory vote on the compensation of Cardica's named executive officers in its annual meeting proxy materials each year until the next advisory vote on the frequency of stockholder votes on the compensation of Cardica's named executive officers.

--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools