Form 8-K

 

 

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): October 24, 2012

 

 

SPARTON CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Ohio   1-1000   38-1054690

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

425 N. Martingale Road Suite 2050

Schaumburg, Illinois

  60173-2213
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (800) 772-7866

N/A

(Former Name or former address, if changed since 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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Effective as of October 24, 2012, Sparton Corporation’s Board of Directors approved changes to the Amended and Restated Code of Regulations of Sparton in order to give Sparton the option to purchase and maintain insurance for any of its agents (previously Sparton was required to purchase and maintain agent insurance).

The Amendment is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

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

On October 24, 2012, the Company held its 2012 Annual Meeting of shareholders. At the Annual Meeting, the shareholders voted on the following matters:

Proposal 1

Election of Directors

The seven nominees for a term ending at the 2013 Annual Meeting received the following votes:

 

Name

   For      Against      Abstain      Broker Non-Votes  

James D. Fast

     6,961,149         456,033         9,607         2,039,507   

Joseph J. Hartnett

     6,991,359         425,823         9,607         2,039,507   

Charles R. Kummeth

     7,034,586         382,596         9,607         2,039,507   

David P. Molfenter

     6,948,414         468,768         9,607         2,039,507   

Douglas R. Schrank

     6,948,306         115,212         363,271         2,039,507   

James R. Swartwout

     7,302,622         114,560         9,607         2,039,507   

Cary B. Wood

     7,338,922         78,297         9,570         2,039,507   

Proposal 2

Ratification of the Appointment of Independent Auditors

The proposal to ratify the appointment of BDO USA, LLP as the Company’s independent auditors for the fiscal year ending June 30, 2013 by an advisory vote received the following votes:

 

For

   Against      Abstentions      Broker Non-Votes  

8,270,519

     171,994         1,023,783         0   

Proposal 3

Approval of the Named Executive Officer Compensation by an Advisory Vote

The proposal to approve the Named Executive Officer compensation by an advisory vote received the following votes:

 

For

   Against      Abstentions      Broker Non-Votes  

6,710,809

     101,495         614,485         2,039,507   

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit No.

  

Description

Exhibit 99.1    Amendment to Amended and Restated Code of Regulations of Sparton Corporation as approved by the Board of Directors on October 24, 2012.

 


SIGNATURES

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.

 

    SPARTON CORPORATION

Dated: October 24, 2012

    By:  

/s/ Cary B. Wood

      Cary B. Wood, President and Chief
      Executive Officer


Index to Exhibits

 

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

 

Exhibit No.

  

Description

Exhibit 99.1    Amendment to Amended and Restated Code of Regulations of Sparton Corporation as approved by the Board of Directors on October 24, 2012.