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TECHPRECISION CORPORATION

(TPCS)
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TECHPRECISION CORP : Submission of Matters to a Vote of Security Holders (form 8-K)

09/15/2020 | 05:10pm EDT

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

On September 15, 2020, TechPrecision Corporation (the "Company") held its 2020 Annual Meeting of Stockholders (the "Annual Meeting"). A total of 29,398,662 shares of the Company's common stock were entitled to vote as of July 27, 2020, the record date for the Annual Meeting, of which 22,743,876 were present in person or by proxy at the Annual Meeting. The final results for each of the matters submitted to a vote of stockholders at the Annual Meeting are as follows:

Proposal No. 1: All of the nominees for director listed below were elected to serve for a one-year term expiring on the date of the Company's 2021 Annual Meeting of Stockholders (and until their successors are duly elected and qualified) by the votes set forth in the table below:



Nominee                   For       Withheld   Broker Non-Votes
Robert A. Crisafulli   9,852,079    836,847       12,054,950
Andrew A. Levy         10,083,191   605,735       12,054,950
Richard S. McGowan     9,847,266    841,660       12,054,950
Walter M. Schenker     9,956,733    732,193       12,054,950



Proposal No. 2: The selection of Marcum LLP as the Company's independent registered public accounting firm for the fiscal year ending on March 31, 2021 was ratified by the Company's stockholders by the votes set forth in the table below:



                              For       Against   Abstain
                           22,732,830    7,901     3,145



Proposal No. 3: The compensation of the Company's Named Executive Officers as disclosed in the Company's Proxy Statement dated July 28, 2020 was approved by the Company's stockholders on an advisory, non-binding basis by the votes set forth in the table below:




   For       Against   Abstain   Broker Non-Votes
10,369,837   283,719   35,370       12,054,950

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 15,6 M - -
Net income 2021 0,32 M - -
Net Debt 2021 1,69 M - -
P/E ratio 2021 127x
Yield 2021 -
Capitalization 38,8 M 38,8 M -
EV / Sales 2020 2,42x
EV / Sales 2021 2,51x
Nbr of Employees 93
Free-Float 87,5%
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Income Statement Evolution
Managers and Directors
Alexander Shen Chief Executive Officer
Thomas C. Sammons Chief Financial Officer
Richard S. McGowan Non-Executive Chairman
Andrew A. Levy Independent Director
Robert A. Crisafulli Independent Director
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