Item 5.07. Submission of Matters to a Vote of Security Holders.
On
The number of shares of our common stock entitled to vote at the annual meeting was 16,764,985. The holders of 11,242,700 shares of common stock were present or represented by valid proxy at the annual meeting, of which 3,275,654 were broker non-votes. Each share of common stock was entitled to one vote with respect to matters submitted to our stockholders at the annual meeting. At the annual meeting, our stockholders voted on the matters set forth below.
Proposal 1 - Election of Class I Director
NOMINEE FOR WITHHELD Peter H. Woodward 7,547,289 419,757
Proposal 2 - Advisory Vote on Executive Compensation
Our stockholders voted upon and approved, by non-binding advisory vote, the compensation of our named executive officers, as described in our proxy statement. The votes on this proposal were as follows:
FOR AGAINST ABSTAIN 6,026,958 55,737 1,884,351
Proposal 3 - Frequency of Future Say-on-Pay Votes
Our stockholders voted upon, on a non-binding advisory vote, for the frequency of future say-on-pay votes. The votes on this proposal were as follows:
1 Year 2 Years 3 Years ABSTAIN 7,877,182 84,778 41 5,045
Proposal 4 - Ratification of the Appointment of Independent Registered Public Accounting Firm
Our stockholders voted upon and approved the ratification of the appointment of
FOR AGAINST ABSTAIN 9,324,473 32,350 1,885,877 2
Proposal 5 - Approval ofPrecision Optics Corporation 2022 Equity Incentive Plan
Our stockholders voted upon and approved the
FOR AGAINST ABSTAIN 6,852,898 192,343 921,805
Proposal 6 - Approval to Authorize the Board to Effect a Reverse Stock Split
Our stockholders voted upon and approved to authorize the Board on a discretionary basis to amend the Company's Articles of Organization and effect a reverse stock split of the Company's issued and outstanding common stock at a ratio in the range of 1:1.5 to 1:3. The votes on this proposal were as follows:
FOR AGAINST ABSTAIN 11,157,833 74,865 10,002
This report contains forward-looking statements. Forward-looking statements
include, but are not limited to, statements that express our intentions,
beliefs, expectations, strategies, predictions or any other statements related
to our future activities, or future events or conditions. These statements are
based on current expectations, estimates and projections about our business
based, in part, on assumptions made by management. These statements are not
guarantees of future performances and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expressed or forecasted in the
forward-looking statements due to numerous factors, including those risks
discussed in our Annual Report on Form 10-K and in other documents that we file
from time to time with the
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