News Column

INSTEEL INDUSTRIES INC FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

February 14, 2014



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

Insteel Industries, Inc. (the "Company") held its 2014 Annual Meeting of Shareholders (the "Annual Meeting") on February 12, 2014. Set forth below is a brief description of each item submitted to a vote of the shareholders at the Annual Meeting and the final voting results for each item. A more complete description of each item is set forth in the Company's proxy statement for the Annual Meeting, which was filed with the Securities and Exchange Commission on January 3, 2014.

Item Number One - Election of Directors

Each of the two nominees named in the proxy statement for the Annual Meeting were elected by the shareholders to the Board for three-year terms based on the following vote: Broker Nominee Votes For Votes Withheld Non-Votes Gary L. Pechota 15,193,563 554,366 1,065,771 W. Allen Rogers II 15,195,685 552,244 1,065,771



Item Number Two - Approval of the Material Terms of the Return on Capital Incentive Compensation Plan

The material terms of the Insteel Industries, Inc. Return on Capital Incentive Compensation Plan were approved by the shareholders based on the following vote:

Broker Votes For Votes Against Abstentions Non-Votes 14,953,304 718,879 75,745 1,065,772



Item Number Three - Advisory Vote on the Compensation of the Company's Executive Officers

The compensation of the Company's executive officers was approved, on an advisory basis, by the shareholders based on the following vote:

Broker Votes For Votes Against Abstentions Non-Votes 15,394,110 240,481 113,335 1,065,773



Item Number Four - Ratification of the Appointment of Grant Thornton LLP

The appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the Company's fiscal year 2014 was ratified by the shareholders based on the following vote:

Votes For Votes Against Abstentions 16,348,620 459,700 5,379


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



Source: Edgar Glimpses


Story Tools