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TRANSENTERIX INC. FILES (8-K/A) Disclosing Submission of Matters to a Vote of Security Holders

August 1, 2014

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

Explanatory Note. TransEnterix, Inc. (the "Company") is filing this Amendment to its Current Report on Form 8-K filed on June 24, 2014 to report the determination made by the Board of Directors with respect to the frequency of holding future say-on-pay advisory votes.

On June 24, 2014, the Company held its Annual Meeting of Stockholders for 2014 (the "Annual Meeting"). One of the proposals presented to the stockholders at the Annual Meeting was the advisory vote regarding the frequency with which future say-on-pay votes would be held.

The proxy statement for the Annual Meeting included the recommendation of the Company's Board of Directors that stockholders approve future annual say-on-pay votes. A majority of votes were cast in favor of future annual say-on-pay votes. Therefore, at its regularly scheduled meeting held on July 30, 2014, the Board of Directors of the Company determined to hold future advisory say-on-pay votes on an annual basis until the next say-on-frequency vote is presented to stockholders or until the Company's Board of Directors otherwise determines that a different frequency for such votes is in the best interests of the Company's stockholders.


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Source: Edgar Glimpses

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