Item 5.07 Submission of Matters to a Vote of Security Holders.
The 2022 Annual Meeting of Stockholders (the "Annual Meeting") of
At the beginning of the Annual Meeting, there were 2,012,405 shares of common stock present at the Annual Meeting in person or by proxy, which represented approximately 88.8% of the voting power of the shares of common stock entitled to vote at the Annual Meeting, and which constituted a quorum for the transaction of business.
The final voting results are reported below.
Proposal No. 1: Approval of an amendment to the Company's Certificate of Incorporation to de-classify the Board of Directors ("Board").
The Company's stockholders did not approve amending the Company's Certificate of Incorporation to de-classify the Board, and the voting results are set forth below:
For Against Abstain Broker Non-Vote 1,170,400 14,312 1,029 826,664
Proposal No. 2: Ratification of appointment of
The Company's stockholders ratified the appointment of
For Against Abstain 1,998,892 12,955 558
Proposal No. 3: Approval, on a non-binding advisory basis, of the compensation program of the Company's named executive officers.
The Company's stockholders gave advisory approval of the compensation program of the Company's named executive officers, and the voting results are set forth below:
For Against Abstain Broker Non-Vote 1,169,253 15,640 848 826,664
Proposal No. 4: Approval of an amendment to the Company's Certificate of Incorporation to eliminate the personal liability of directors and executive officers for monetary damages for breach of the fiduciary duty of care.
The Company's stockholders did not approve amending the Company's Certificate of Incorporation to eliminate-the personal liability of directors and executive officers, and the voting results are set forth below:
For Against Abstain Broker Non-Vote 1,167,375 17,187 1,179 826,664 1
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