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OPTEX SYSTEMS HOLDINGS, INC

(OPXS)
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Optex : Submission of Matters to a Vote of Security Holders - Form 8-K

02/22/2022 | 06:12am EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 16, 2022

OPTEX SYSTEMS HOLDINGS, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware 000-54114 90-0609531

(State or other jurisdiction

of incorporation)

(Commission
File Number)
(IRS Employer
Identification No.)
1420 Presidential Drive, Richardson, TX 75081-2439
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972)644-0722

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 DFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:.

Title of each class Trading Symbol Name of each exchange on which registered
None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act.

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

On February 16, 2022, Optex Systems Holdings, Inc., a Delaware corporation (the "Company"), held its 2022 annual meeting of shareholders (the "Meeting"). As of the record date for the Meeting, 8,455,620 shares of common stock were issued and outstanding. A total of 6,920,808 shares of common stock, constituting a quorum, were present or represented by proxy at the Meeting. At the Meeting, the Company's shareholders voted on the following proposals:

1. To elect four nominees to the Company's board of directors, each for a term expiring at the next annual meeting of shareholders, and until his successor has been duly elected and qualified:
Director For Withhold Broker Non-Votes
Danny R. Schoening 4,279,380 58,693 2,582,735
Lawrence F. Hagenbuch 4,281,389 56,684 2,582,735
Dale E. Lehmann 4,276,780 61,293 2,582,735
R. Rimmy Malhotra 4,273,589 64,484 2,585,735
2. To ratify the appointment of Whitley Penn LLP as the Company's independent registered public accounting firm for the fiscal year ending October 2, 2022:
For Against Abstain
6,862,587 53,417 4,804
3. To approve, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's proxy statement:
For Against Abstain Broker Non-Votes
5,154,698 27,674 222,386 1,516,050
4. To provide an advisory vote on the frequency of the advisory vote on the compensation of the Company's named executive officers:
3 years 2 years 1 year Abstain Broker Non-Votes
3,490,549 151,276 598,671 97,577 2,582,735

As a result, all four director nominees to the Company's board of director were elected, proposals 2 and 3 were approved, and the shareholders voted to hold the advisory vote on compensation of the Company's named executive officers every three years. Accordingly, the Company has decided to hold the advisory vote on compensation of its named executive officers every three years.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Optex Systems Holdings, Inc.
(Registrant)
By: /s/ Karen Hawkins
Karen Hawkins
Title: Chief Financial Officer

Date: February 21, 2022

Disclaimer

Optex Systems Holdings Inc. published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 11:10:50 UTC.


© Publicnow 2022
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Financials (USD)
Sales 2021 18,2 M - -
Net income 2021 2,13 M - -
Net cash 2021 0,24 M - -
P/E ratio 2021 11,1x
Yield 2021 -
Capitalization 12,5 M 12,5 M -
EV / Sales 2020 0,54x
EV / Sales 2021 0,89x
Nbr of Employees 83
Free-Float 77,4%
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Managers and Directors
Danny R. Schoening Chairman, CEO & Chief Operating Officer
Karen L. Hawkins Chief Financial Officer
Lawrence F. Hagenbuch Independent Director
Dale E. Lehmann Independent Director
Rahul Rimmy Malhotra Independent Director