Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On
Total Named Executive Officer Year Bonus Compensation Lisa F. Bencel 2021$ 35,000 $ 328,644 James C. Takacs 2021$ 60,000 $ 319,053 Kenneth D. Trbovich 2021 --$ 853,500
Item 5.07 Submission of Matters to a Vote of Security Holders
The 2022 Annual Meeting of the stockholders of the Company was held on
The following Directors were elected by the affirmative vote of a plurality of the votes cast. The results of the voting for each nominee were as follows.
Name For Withhold Authority Broker Non-Votes Edward C. Cosgrove 827,432 974,556 344,426 William F. Farrell, Jr. 1,248,861 553,127 344,426 Lucion P. Gygax 881,184 920,804 344,426 Karen L. Howard 1,301,290 500,698 344,426 Christopher M.Marks 1,200,197 601,791 344,426 Evan H. Wax 1,248,928 553,060 344,426
The approval of the
For Against Abstentions Broker Non-Votes 1,106,300 686,042 9,646 344,426
The advisory approval of executive compensation for 2021 did not receive the affirmative vote of a majority of the votes cast in a non-binding vote. The results of the voting for the advisory vote were as follows:
For Against Abstentions Broker Non-Votes 868,172 896,676 37,140 344,426
The ratification of
For Against Abstentions 1,597,539 526,026 22,850 Signature(s)
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.
Date:June 15, 2022 Servotronics, Inc. By: /s/Lisa F. Bencel , Chief Financial OfficerLisa F. Bencel Chief Financial Officer
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