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CHINA SHENGDA PACKAGING GROUP INC. FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

July 28, 2014



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

On July 25, 2014, China Shengda Packaging Group Inc. (the "Company") held an annual meeting of its shareholders (the "Annual Meeting") at which a majority of the Company's shareholders (i) elected Messieurs Fang, Yuan and Zhang and Ms. Fang to serve as a director of the Company for a term that will continue until the next annual meeting of stockholders, until a successor has been duly elected and qualified or the director's earlier resignation, death or removal, (ii) ratified the appointment of Marcum Bernstein & Pinchuk LLP ("Marcum BP") to serve as the Company's independent registered public accounting firm for 2014; and (iii) approved, on a non-binding and advisory basis, the executive compensation.

According to the Company's bylaws, in any uncontested election of directors, each nominee receiving a majority of the votes cast shall be deemed elected. Mr. Mao did not receive a majority of votes cast from stockholders. As part of the requirements of the Company's bylaws, Mr. Mao's term shall expire one week after the certification by the Company of the voting results. Upon the expiration of the term, the Board may declare the director's seat vacant and fill such vacancy.

The tabulation of voting results at the Annual Meeting is as follows:

Proposal 1: The election of directors

Votes Broker Name Votes For Withheld Against Abstentions Non-Votes Nengbin Fang 22,236,195 20,511 Congyi Fang 22,236,195 20,511 Zhihai Mao 782,887 21,473,819 Zhen Yuan 22,236,195 20,511 Yaoquan Zhang 22,238,195 18,511



Proposal 2: The ratification of the appointment of Marcum BP as the Company's independent registered public accounting firm for 2014

Votes Broker Votes For Against Abstentions Non-Votes 22,239,450 17,100 156 -



Proposal 3: Non-binding advisory vote on executive compensation

Votes Broker Votes For Against Abstentions Non-Votes 22,235,739 20,311 656 -



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Source: Edgar Glimpses


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