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

The annual meeting of shareholders (the "Annual Meeting") of Safeguard Scientifics, Inc. (the "Company") was held on May 20, 2020. As of the Record Date of March 25, 2020, there were 20,649,205 shares of common stock outstanding and entitled to notice of and to vote at the Annual Meeting. The matters voted upon at the Annual Meeting and the results of the voting are set forth below.

Proposal I - Election of Directors

Shareholders approved the election of four directors to serve as directors for a one-year term to expire at the 2021 Annual Meeting. The voting results for this proposal are as follows:



Nominee              Votes For  Votes Withheld Broker Non-Votes

Russell D. Glass 10,064,267 4,265,911 3,839,748 Joseph M. Manko, Jr. 11,120,156 3,210,022 3,839,748 Maureen F. Morrison 9,266,950 5,063,228 3,839,748 Robert J. Rosenthal 8,790,561 5,539,617 3,839,748

Proposal II - Advisory Vote Concerning Executive Compensation of the Named Executive Officers

Shareholders approved, on an advisory basis, the Company's compensation of its named executive officers, as disclosed in the Compensation Discussion and Analysis and Executive Compensation sections of the Company's 2020 Annual Meeting Proxy Statement. The voting results for this proposal are as follows:



Votes For Votes Against Abstain  Broker Non-Votes
8,925,313 5,373,189     31,676   3,839,748

Proposal III- Ratification of the Appointment of KPMG as the Company's Independent Registered Public Accounting Firm for Fiscal Year 2020

Shareholders ratified the appointment of KPMG LLP to serve as the Company's independent registered public accounting firm for its 2020 fiscal year. The voting results for this proposal are as follows:



Votes For   Votes Against Abstain  Broker Non-Votes
17,822,036  321,412       26,478   ------



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