Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 2, 2022, DZS Inc. (the "Company") held its 2022 Annual Meeting of
Stockholders (the "Annual Meeting"). At the Annual Meeting, the Company's
stockholders voted on two proposals, each of which is described in more detail
in the Company's definitive proxy statement on Schedule 14A, as filed with the
U. S. Securities and Exchange Commission on April 19, 2022 (the "Proxy
Statement"). Of the 27,604,655 shares of common stock outstanding and entitled
to vote, 20,417,962 shares, or 73.96%, were represented in person or by proxy at
the Annual Meeting. The following is a brief description of each matter voted
upon and the number of votes cast for and against each matter and, if
applicable, the number of abstentions and broker non-votes with respect to each
matter:
Proposal 1 - Election of Class III Directors
Stockholders elected each of the two nominees for Class III director to serve
until the Company's 2025 Annual Meeting of Stockholders and until his or her
respective successor has been duly elected and qualified. The voting results
were as follows:
Votes For Votes Withheld Broker Non-Votes
Min Woo Nam 17,647,214 1,523,992 1,246,756
Charles D. Vogt 19,034,896 136,310 1,246,756
Proposal 2 - Ratification of Appointment of Independent Registered Public
Accounting Firm
Stockholders ratified the appointment of Ernst & Young LLP as the Company's
independent registered public accounting firm for the fiscal year ending
December 31, 2022. The voting results were as follows:
Votes For Votes Against Abstain
20,404,812 7,467 5,683
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