News Column

TORVEC INC FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders, Other Events

June 16, 2014



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

On June 12, 2014, Torvec, Inc. held its annual shareholders meeting ("Annual Meeting") for its common and voting preferred shareholders. At the Annual Meeting, the Company's shareholders voted on each of the matters described below.

1. The Company's shareholders elected ten directors, all of whom constitute the Company's entire board of directors, to serve for a term of one year and until their successors are duly elected and qualified. The number of shares that (a) voted for the election of each director and (b) withheld authority to vote for each director and the number of broker non-votes are set forth in the table below. Votes Broker Votes For Withheld Non-Votes Thomas F. Bonadio 55,220,714 453,204 22,009,668 William W. Destler 55,104,114 569,804 22,009,668 Asher J. Flaum 55,309,633 364,285 22,009,668 Keith E. Gleasman 54,794,603 879,315 22,009,668 John W. Heinricy 54,871,414 802,504 22,009,668 Richard A. Kaplan 54,816,814 857,104 22,009,668 Thomas J. Labus 54,773,649 900,269 22,009,668 Charles N. Mills 54,854,303 819,615 22,009,668 E. Philip Saunders 55,355,714 318,204 22,009,668 Gary A. Siconolfi 55,164,344 509,574 22,009,668



2. The Company's shareholders ratified the appointment of Freed Maxick CPAs, P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014. The number of shares that voted for, against or abstained from voting for the ratification of the appointment of Freed Maxick CPAs, P.C. are summarized in the table below.

Votes For Votes Against Abstentions 77,467,364 62,645 153,577



3. The Company's shareholders approved the Company's executive officer compensation programs in effect for the 2014 calendar year. The number of shares that voted for, against or abstained from voting for the advisory vote on the Company's executive officer compensation programs for the 2014 calendar year, and the number of broker non-votes, are summarized in the table below.

Votes For Votes Against Abstentions Broker Non-Votes 54,751,738 513,031 409,149 22,009,668 2

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Item 8.01 Other Events.



Previously in advance of the Annual Meeting, the board of directors met and took the actions described below.

Committee Assignments - The board of directors determined the composition of each committee of the board of directors as follows, with the Chair for the current year as indicated: Audit Committee: Thomas F. Bonadio - Chair E. Philip SaundersAsher J. Flaum Nominating Committee: Gary A. Siconolfi - Chair Asher J. FlaumThomas J. Labus



Governance and Compensation Committee:

William W. Destler - Chair

Charles N. MillsJohn W. Heinricy



Officer Positions - The board of directors has elected the following corporate officers to hold the offices or positions noted for the forthcoming year:

Board Chair: Gary A. Siconolfi Chief Executive Officer: Richard A. Kaplan President and VP - Marketing: Keith E. Gleasman Chief Financial Officer and Corporate Secretary: Robert W. Fishback Chief Technology Officer: William Mark McVea 3



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Source: Edgar Glimpses


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