Item 5.07 Submission of Matters to a Vote of Security Holders.
A special meeting of shareholders of
Approval of the Merger and the Other Transactions Contemplated by the Merger Agreement
As previously disclosed, on
At the Special Meeting, the Company's shareholders voted upon and approved by the requisite vote a proposal to approve and adopt the Merger Agreement. The votes on this proposal were as follows:
Votes Votes Votes For Against Abstained 14,956,656 61,226 32,449
Advisory Vote on Named Executive Officer Merger-Related Compensation
At the Special Meeting, the Company's shareholders voted upon and approved by the requisite vote a proposal to approve, by a non-binding advisory vote, the compensation that may be paid or become payable to the Company's named executive officers and that is based on, or otherwise relates to, the Merger. The vote regarding the named executive offers' Merger-related compensation was advisory only and the result of the vote is not binding on the Company or Parent and is not a condition to consummation of the Merger. The votes on this proposal were as follows:
Votes Votes Votes For Against Abstained 14,502,820 468,721 78,790
Adjournment of the Special Meeting
Because shareholders holding at least a majority of the outstanding voting shares of Common Stock approved the proposal to adopt the Merger Agreement, the proposal to adjourn the Special Meeting from time to time to a later date or time if necessary or appropriate, including to solicit additional proxies in favor of the proposal to adopt the Merger Agreement if there are insufficient votes at the time of the Special Meeting to adopt the Merger Agreement, was rendered moot and was not called for a vote at the Special Meeting.
Item 8.01 Other Events.
On
Item 9.01 Financial Statement and Exhibits.
(d) Exhibits Exhibit No. Description 99.1 Press Release ofMTS Systems Corporation datedMarch 4, 2021 Cover Page Interactive Data File (embedded within the Inline XBRL 104 document)
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