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

(d) As previously reported by the Company, at the Company's 2020 Annual Meeting of Stockholders held on May 12, 2020, the Company's stockholders selected, on a non-binding advisory basis, one year as the frequency with which the Company will hold a non-binding advisory vote to approve the compensation to be paid by the Company to its named executive officers, in accordance with U.S. Securities and Exchange Commission rules and regulations. Based on these results and consistent with the Company's recommendation, the Company's Board of Directors has determined that the Company will conduct future stockholder non-binding advisory votes regarding the compensation to be paid by the Company to its named executive officers every year. This policy will remain in effect until the next stockholder vote on the frequency of stockholder advisory votes on the compensation of named executive officers, expected to be held at the Company's 2026 Annual Meeting of Stockholders.

© Edgar Online, source Glimpses