SAN DIEGO, June 20, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. MXWL ("the Company") announced the voting results from its 2016 Annual Meeting of Stockholders held Wednesday, June 15, 2016, in San Diego, CA (the "Meeting").
A total of 31,950,224 common shares were represented at the Meeting, either in person or by proxy, representing approximately 79.10% of the issued and outstanding common shares of the Company.
Results of the vote were as follows:
|
Proposal 1: |
Elect two Class II members to the Board of Directors to serve until the 2019 Annual Meeting of Stockholders or until their successors are duly elected and qualified. |
APPROVED |
|
Proposal 2: |
Ratify the appointment of BDO USA, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2016. |
APPROVED |
|
Proposal 3: |
Approve an amendment to the Company's Restated Certificate of Incorporation to increase the total number of authorized shares of common stock from 40,000,000 shares to 80,000,000 shares. |
APPROVED |
|
Proposal 4: |
Approve an amendment to the Company's Restated Certificate of Incorporation to declassify the Board of Directors and to provide that directors may be removed with or without cause. |
NOT APPROVED |
|
Proposal 5: |
Approve an increase in the number of shares of common stock reserved for issuance under the 2013 Omnibus Equity Incentive Plan by 2,400,000 shares. |
APPROVED |
|
Proposal 6: |
Approve, on an advisory basis, the compensation of the Company's named executive officers as set forth in the Executive Compensation section of the Company's 2016 Proxy Statement. |
APPROVED |
For full details regarding Company's voting results please see the Company's report on voting results, filed via Form 8-K, under the "SEC filings" section at http:investors.maxwell.com.
Following the 2016 Annual Meeting of Stockholders, the Company's board of directors appointed David Schlotterbeck as Chairman.
A replay of the 2016 Annual Meeting of Stockholders meeting may be accessed via the following link: http:investors.maxwell.com
About Maxwell: Maxwell is a global leader in the development and manufacture of innovative, cost-effective energy storage and power delivery solutions. Our ultracapacitor products provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. For more information, please visit our website: www.maxwell.com.
Media & Investor Contact:
Amy Wakeham
858-503-3359
awakeham@maxwell.com
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SOURCE Maxwell Technologies, Inc.
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