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

Our adjourned annual meeting of stockholders was held on September 18, 2020. Proxies were solicited pursuant to our definitive proxy statement filed on July 29, 2020 with the Securities and Exchange Commission under Section 14(a) of the Securities Exchange Act of 1934.

The number of shares of the Company's common stock entitled to vote at the annual meeting was 1,969,124. The number of shares of common stock present or represented by valid proxy at the annual meeting was 1,026,447. Each share of common stock was entitled to one vote with respect to matters submitted to the Company's stockholders at the annual meeting. At the annual meeting, our stockholders voted on the matters set forth below.

Proposal 1 - Election of One Class III Director

Jerry McLaughlin was duly elected as our Class III director. The results of the election were as follows:





    NOMINEE        FOR   WITHHELD
Jerry McLaughlin 116,622 103,371

Proposal 2 - Advisory Vote to Approve Executive Compensation

Our stockholders voted upon and approved, by non-binding advisory vote, the compensation of our named executive officers for the year ended March 31, 2020, as described in our proxy statement dated July 29, 2020. The votes on this proposal were as follows:





  FOR   AGAINST ABSTAIN
194,505 22,363   3,125

Proposal 3 - Ratification of the Appointment of Independent Registered Public Accounting Firm

Our stockholders voted upon and approved the ratification of the appointment of Marcum LLP as our independent registered public accounting firm for the fiscal year ending March 31, 2021. The votes on this proposal were as follows:





  FOR   AGAINST ABSTAIN
974,758 32,433  19,256

Proposal 4 - Approval of Adoption of 2020 Equity Incentive Plan

Our stockholders voted upon and did not approve the adoption of the Company's 2020 Equity Incentive Plan, as described in our proxy statement dated July 29, 2020. The votes on this proposal were as follows:





 FOR   AGAINST ABSTAIN
78,890 136,375  4,728










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