Item 5.07 Submission of Matters to a Vote of Security Holders.
June 19, 2014, China Recycling Energy Corporation, a Nevadacorporation (the "Company") held its 2014 Annual Meeting of Shareholders. A quorum was present at the meeting as required by the Fourth Amended and Restated Bylaws of the Company. The final voting results of the matters submitted to a shareholder vote at the meeting are as follows:
Proposal 1: Election of Directors
The following five individuals were elected to the Board of Directors of the Company to serve as directors until the 2015 Annual Meeting of Shareholders or until their successors have been duly elected and qualified: Votes Cast Broker Nominees Votes Cast For Against Abstentions Non-Votes Guohua Ku 40,495,128 136 36,205 11,323,484 Albert McLelland 40,489,574 5,690 36,205 11,323,484 Yulong Ding 40,495,124 140 36,205 11,323,484 Chungui Shi 40,492,784 2,480 36,205 11,323,484 Geyun Wang 40,490,835 4,429 36,205 11,323,484
Proposal 2: Approval and Ratification of the Appointment of
The appointment of
Proposal 3: Approval of an Amendment to the Articles of Incorporation to Increase the Total Number of Authorized Shares of Common Stock, Par Value
An amendment to the Articles of Incorporation to increase the total number of authorized shares of common stock, par value
$0.001per share, from 100,000,000 shares to 200,000,000 shares was approved and ratified. There were 49,820,275 votes for the appointment, 1,852,775 votes against the appointment, 10,722 abstentions and 175,666 broker non-votes.
Proposal 4: Approval of a Nonstatutory Stock Option Agreement with our director,
A Nonstatutory Stock Option Agreement with our director,
Mr. Chungui Shiwas approved and ratified. There were 40,346,383 votes for the appointment, 174,741 votes against the appointment, 10,843 abstentions and 11,322,986 broker non-votes.
Proposal 5: Advisory Vote on Compensation of Named Executive Officers
The shareholders approved, on an advisory, non-binding basis, the compensation of our named executive officers.
For Against Abstain Broker Non-Votes 40,342,122 180,742 8,802 11,323,287