News Column

TRANS WORLD CORP FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

June 27, 2014



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

The Annual Meeting of Stockholders of Trans World Corporation ("TWC" or the "Company") was held on June 25, 2014 for the purposes of: (i) electing seven (7) directors to hold office until the next annual meeting of stockholders; (ii) approving the adoption of the 2014 Equity Incentive Plan; (iii) holding an advisory vote on resolutions regarding compensation of the named executive officer, including compensation to the CEO on a change in control; and, (iv) ratifying the appointment of Rothstein Kass as the Company's independent registered public accountants for the year ending December 31, 2014. The final tally of the votes at the Annual Meeting on each proposal is set forth below.

Proposal No.1 - All of management's nominees for director as named in the Company's Proxy Statement were elected by the votes set forth in the table below:

Name For Withheld Broker Non-Vote 1. Max W. Batzer 8,306,153 13,928 191,812



2. Patrick J. Bennett, Sr. 8,306,453 13,628 191,812

3. Michael B. Brodsky 8,306,233 13,848 191,812 4. Timothy G. Ewing 8,306,533 13,548 191,812 5. David E. Goldberg 8,306,233 13,848 191,812 6. Rami S. Ramadan 8,298,451 21,630 191,812



7. Malcolm M. B. Sterrett 8,306,533 13,548 191,812

Proposal No. 2: The Company's 2014 Equity Incentive Plan was approved by the votes set forth in the table below:

For Against Abstain Broker Non-Vote 8,287,260 32,813 8 191,812



Proposal No. 3: The advisory vote on resolutions regarding compensation of the named executive officer, including compensation to the CEO on a change in control was approved by the votes set forth in the table below:

For Against Abstain Broker Non-Vote 8,287,160 32,913 8 191,812



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Proposal No. 4: The proposal to ratify the appointment by the Board of Directors of Rothstein, Kass as the Company's independent accountants for the fiscal year ending December 31, 2014 was approved by the votes set forth in the table below:

For Against Abstain 8,464,896 7,174 39,823



At the meeting, Mr. Rami Ramadan, the Company's Chief Executive Officer, provided stockholders a presentation that discussed: (i) the location and amenities of each of the Company's casinos and its Hotel Savannah and The Spa at Hotel Savannah, all of which are located in the Czech Republic (see Exhibit 99.2); (ii) more detailed information on the Company's slot revenues for 2013 (see Exhibit 99.3); and (iii) the Company's competitive environment, competitive factors and marketing strategy (see Exhibit 99.4), and thereafter responded to shareholder questions.

Upon the announcement of the preliminary results of the voting, the meeting was adjourned.

ITEM 9.01 Financial Statements and Exhibits



(d) Exhibits:

Exhibit 99.1 - 2014 Equity Incentive Plan

Exhibit 99.2 - Property Summary

Exhibit 99.3 - Slot Revenues Summary

Exhibit 99.4 - 2013 Marketing Overview

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Source: Edgar Glimpses


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