News Column

MEASUREMENT SPECIALTIES INC FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders, Other Events

August 26, 2014



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

On August 26, 2014, Measurement Specialties, Inc. (the "Company") held a special meeting of shareholders (the "Special Meeting") to consider and vote on the following proposals, each of which is described in detail in the Company's proxy statement dated July 24, 2014: (i) to approve and adopt the Agreement and Plan of Merger, dated as of June 18, 2014, as it may be amended from time to time (the "Merger Agreement"), by and among the Company, TE Connectivity Ltd. and Wolverine-Mars Acquisition, Inc., a wholly owned indirect subsidiary of TE, pursuant to which Wolverine-Mars will merge with and into the Company, with the Company surviving the merger as a wholly owned indirect subsidiary of TE (the "Merger"), (ii) to adjourn the Special Meeting to a later date or time, if necessary or appropriate, to solicit additional proxies in the event there are insufficient votes at the time of such adjournment to approve and adopt the Merger Agreement and (iii) to approve, by a non-binding, advisory vote, certain compensation arrangements for the Company's named executive officers in connection with the Merger.

The proposal to approve and adopt the Merger Agreement was approved by the Company's shareholders. The final report of the votes for this proposal was as follows:

For Against Abstain Broker Non-Votes 13,338,632 65,238 1,088,963 0



As a result of the above, the proposal to adjourn the Special Meeting to a later date or time, if necessary or appropriate, to solicit additional proxies in the event there are insufficient votes at the time of such adjournment to approve and adopt the Merger Agreement, was mooted.

The proposal to approve, by a non-binding, advisory vote, certain compensation arrangements for the Company's named executive officers in connection with the Merger, was approved by the Company's shareholders. The final report of the votes for this proposal was as follows:

For Against Abstain Broker Non-Votes 12,159,950 479,986 1,852,897 0 Item 8.01. Other Events.



On August 26, 2014, the Company issued a press release announcing that the Company's shareholders voted to approve and adopt the Merger Agreement, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.


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