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NOVA LIFESTYLE, INC. FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

July 2, 2014



Item 5.07 Submission of Matters to a Vote of Security Holders

On June 30, 2014, Nova LifeStyle, Inc., a Nevada Corporation (the "Company") held its 2014 Annual Meeting of Shareholders. A quorum was present at the meeting as required by the 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 seven individuals were elected to the Board of Directors of the Company to serve as directors until the 2015 Annual Meeting of Shareholders and until their successors have been duly elected and qualified by votes as follows:

Nominees Votes Cast For Votes Withheld Broker Non-Votes Ya Ming Wong 12,310,066 108,100 1,732,311 Yuen Ching Ho 12,312,366 105,800 1,732,311 Thanh H. Lam 12,312,066 106,100 1,732,311 James R. Talevich 12,271,140 147,026 1,732,311 Michael Viotto 12,270,140 148,026 1,732,311 Chung Shing Yam 12,274,802 143,364 1,732,311 Peter Kam 12,270,840 147,326 1,732,311



Proposal 2: Approval and Ratification of the Appointment of Marcum Bernstein & Pinchuk LLP as the Company's Independent Registered Public Accounting Firm

The shareholders approved and ratified the appointment of Marcum Bernstein & Pinchuk LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014, as follows:

For Against Abstain Broker Non-Votes 14,031,279 14,198 105,000 0



Proposal 3: Advisory Vote on the Compensation of Named Executive Officers

The shareholders approved, on an advisory, non-binding basis, the compensation of our named executive officers as follows:

For Against Abstain Broker Non-Votes 12,301,166 11,700 105,000 1,732,311



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Proposal 4: Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of Named Executive Officers

The results of the advisory, non-binding vote as to the frequency of the advisory vote on the compensation of named executive officers were as follows:

1 Year 2 Years 3 Years Abstain 12,309,466 1,300 2,400 105,000



As described above, a majority of the votes cast at the Annual Meeting voted, in an advisory, non-binding vote, in favor of having a shareholder vote to approve the compensation of the Company's named executive officers every year. In light of such vote, and consistent with the recommendation of the Company's Board of Directors, the Board of Directors determined that it currently intends to hold an advisory, non-binding vote to approve the compensation of the Company's named executive officers every year.

Proposal 5: Adoption of the Nova LifeStyle, Inc. 2014 Omnibus Long-Term Incentive Plan

The shareholders approved the adoption of the Nova LifeStyle, Inc. 2014 Omnibus Long-Term Incentive Plan as follows:

For Against Abstain Broker Non-Votes 12,280,402 32,764 105,000 1,732,311



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Source: Edgar Glimpses


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