News Column

CHINA RECYCLING ENERGY CORP FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

June 24, 2014



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

On June 19, 2014, China Recycling Energy Corporation, a Nevada corporation (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 Goldman Kurland Mohidin LLP as the Company's Independent Registered Public Accounting Firm

The appointment of Goldman Kurland Mohidin LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014 was approved and ratified. There were 54,996,820 votes for the appointment, 226,484 votes against the appointment, 30,757 abstentions and 0 broker non-votes.

Proposal 3: Approval of an Amendment to the Articles of Incorporation to Increase the Total Number of Authorized Shares of Common Stock, Par Value $0.001 Per Share, From 100,000,000 Shares to 200,000,000 Shares

An amendment to the Articles of Incorporation to increase the total number of authorized shares of common stock, par value $0.001 per 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, Mr. Chungui Shi

A Nonstatutory Stock Option Agreement with our director, Mr. Chungui Shi was 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


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



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters