Item 5.07 Submission of Matters to a Vote of Security Holders.
On
At the 2020 Annual Meeting, NTIC's stockholders considered four proposals, each
of which is described in more detail in NTIC's definitive proxy statement for
the 2020 Annual Meeting filed with the
The final results of NTIC's stockholder vote at the 2020 Annual Meeting on each proposal brought before NTIC's stockholders were as follows:
Proposal No. 1 - Election of directors, each to serve for a term of one year:
Broker Votes For Votes Withheld Non-Votes Nancy E. Calderon 5,377,871 9,878 1,125,391 Sarah E. Kemp 5,356,471 31,278 1,125,391 Soo-Keong Koh 5,358,951 28,798 1,125,391 Sunggyu Lee, Ph.D. 5,358,551 29,198 1,125,391 G. Patrick Lynch 5,385,451 2,298 1,125,391 Ramani Narayan, Ph.D. 5,380,951 6,798 1,125,391 Richard J. Nigon 5,363,951 23,798 1,125,391 Konstantin von Falkenhausen 5,357,751 29,998 1,125,391 Proposal No. 2 Approval, on an advisory basis, of the compensation of NTIC's - named executive officers, as disclosed in NTIC's proxy statement: Votes For Votes Against Votes Abstained Broker Non-Votes 5,333,618 35,428 18,703 1,125,391 Proposal No. 3 Approval, on an advisory basis, of a frequency of every one year - for future advisory votes on executive compensation: One Year Two Years Three Years Votes Abstained Broker Non-Votes 4,831,992 87,325 466,832 1,600 1,125,391
In accordance with the result of the advisory vote on Proposal No. 3, NTIC's Board of Directors has determined that NTIC will conduct an executive compensation advisory vote, or say-on-pay vote, every year.
Proposal No. Ratification of the selection of Baker Tilly Virchow Krause, LLP as 4 - NTIC's independent registered public accounting firm for the fiscal year ending August 31, 2020: Votes For Votes Against Votes Abstained Broker Non-Votes 6,489,298 22,362 1,480 -
With respect to Proposal One, each of the director nominees was elected by NTIC's stockholders by the required vote. Each of Proposal Two, Proposal Three and Proposal Four was approved by NTIC's stockholders by the required vote.
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