Item 5.07 Submission of Matters to a Vote of Security Holders
At the Annual Meeting of Shareholders for Orbital Energy Group, Inc. ("The
Company") on July 21, 2022, the Company's shareholders: elected eight directors
to hold office until the 2023 Annual Meeting of Stockholders or until their
respective successors have been duly elected and qualified; ratified the
appointment of Grant Thornton LLP as the Company's independent registered public
accounting firm for the year ending December 31, 2022; approved an amendment to
paragraph 11.27 of the Orbital Energy Group 2020 Incentive Award Plan by
increasing the number of shares for issuance by 5,000,000 shares; approved the
conversion of the Company's domicile state from Colorado to Texas which
conversion shall include changing the corporate name from Orbital Energy Group,
Inc. to Orbital Infrastructure Group, Inc.
Proposal 1: Election of eight directors - each to a one-year term:
Nominee For Withheld Broker Non-votes
William J. Clough 30,176,472 1,189,594 25,823,993
James F. O'Neil III 30,726,277 639,789 25,823,993
C. Stephen Cochennet 28,595,383 2,770,683 25,823,993
Corey A. Lambrecht 28,582,769 2,783,297 25,823,993
Sarah Tucker
26,883,790 4,482,276 25,823,993
Paul T. Addison 26,839,570 4,526,496 25,823,993
Jerry Sue Thornton 26,905,498 4,460,568 25,823,993
La Forrest V. Williams 26,864,397 4,501,669 25,823,993
Proposal 2: Ratification of the appointment of Grant Thornton LLP as the
Company's independent registered public accountants for the year ending December
31, 2022:
For Against Abstain Broker Non-votes
55,401,286 452,263 1,336,408 -
Proposal 3: Advisory vote on the Company's executive compensation (Say-on-Pay):
For Against Abstain Broker Non-votes
22,328,068 6,754,942 2,283,056 25,823,891
Proposal 4: To approve an amendment to paragraph 11.27 of the Orbital Energy
Group 2020 Incentive Award Plan by increasing the number of shares for issuance
by 5,000,000 shares:
For Against Abstain Broker Non-votes
27,915,339 2,766,122 684,605 25,823,891
Proposal 5: To approve the conversion of the Company's domicile state from
Colorado to Texas which conversion shall include changing the corporate name
from Orbital Energy Group, Inc. to Orbital Infrastructure Group, Inc.
For Against Abstain Broker Non-votes
52,646,222 621,487 3,922,248 -
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