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): May 6, 2015
NORTECH SYSTEMS INCORPORATED
(Exact name of registrant as specified in charter)
|
Minnesota |
|
0-13257 |
|
41-16810894 |
|
(State or other jurisdiction |
|
(Commission |
|
IRS Employer |
|
of incorporation) |
|
File Number) |
|
Identification No.) |
1120 Wayzata Boulevard East, Suite 201
Wayzata, MN 55391
(Address of principal executive offices)
Registrant’s telephone number, including area code (952) 345-2244
Not Applicable
(Former name or former address, if changed from last report)
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Ace (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 6, 2015, the Board of Directors of Nortech Systems Incorporated (the “Company”) elected David Kunin as the Chairman of the Board, effective May 6, 2015.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 6, 2015, the Company held its annual meeting of shareholders in Wayzata, Minnesota. The items voted on at the meeting and the results of such voting are set forth below:
(1) The shareholders elected seven directors to serve as members of the Company’s Board for one-year terms and until their successors are elected and qualified. The shareholders present in person or by proxy cast the following numbers of votes in connection with the election of directors, resulting in the election of all director nominees:
|
Nominee |
|
Votes For |
|
Votes Withheld |
|
|
Michael J. Degen |
|
1,670,093 |
|
74,961 |
|
|
Kathleen Iverson |
|
1,684,573 |
|
60,481 |
|
|
Michael Kennedy |
|
1,683,058 |
|
61,996 |
|
|
David B. Kunin |
|
1,678,835 |
|
66,219 |
|
|
Kenneth Larson |
|
1,682,673 |
|
62,381 |
|
|
Richard W. Perkins |
|
1,662,858 |
|
82,196 |
|
|
Richard Wasielewski |
|
1,679,220 |
|
65,834 |
|
(2) The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s proxy statement. There were 1,688,117 votes cast for the proposal; 54,849 votes were cast against the proposal; and 2,088 votes abstained.
(3) The shareholders approved the Company’s Restated Equity Appreciation Rights Plan, the terms and conditions of which are described in the Company’s proxy statement. There were 1,620,481 votes cast for the proposal; 121,655 votes were cast against the proposal; and 2,918 votes abstained.
|
Date: May 8, 2014 |
|
|
|
|
|
|
Nortech Systems Incorporated |
|
|
(Registrant) |
|
|
|
|
|
/s/ Richard G. Wasielewski |
|
|
Richard G. Wasielewski |
|
|
Chief Executive Officer |