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TTTM > SEC Filings for TTTM > Form 8-K on 7-Jan-2013All Recent SEC Filings

Show all filings for T3 MOTION, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for T3 MOTION, INC.


7-Jan-2013

Change in Directors or Principal Officers, Submission of Matters to a Vote of Sec


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective as of December 31, 2012, the shareholders of T3 Motion, Inc. (the "Company") approved William Tsumpes to serve as an independent director as defined in Rule 10A-3(b)(1) of the Securities Exchange Act of 1934, as amended, for a term of one year. Mr. Tsumpes was nominated to the Board of Directors as a designee of Ki Nam pursuant to the Company's Standstill Agreement with Mr. Nam dated July 17, 2012.

The nominating committee of the Board of Directors determined that Mr. Tsumpes possesses strong management experience with technology companies and the private security and automotive industry sectors.

As is standard practice for all non-executive Directors, Mr. Tsumpes will receive a cash fee of $20,000 for his service on the Board of Directors. The Company will also reimburse Mr. Tsumpes for expenses related to his attending meetings of the Board of Directors, executive sessions and shareholder meetings.

Mr. Tsumpes has served as the Chief Executive Officer and President of AirNET Data Corporation, an international provider of wholesale cellular data services, since he founded the company in July 2008. He also serves as the Chief Executive Officer and President of Seaguard Electronics, LLC, a manufacturer of custom electronics for use in the professional security and automotive industries, since he founded the company in January 1994.



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

The Company held its annual stockholders meeting on Monday, December 31, 2012. Summarized below are final results of the matters voted on at the annual meeting:

                                                                                         Broker
Matters Voted On                             For            Against       Abstain       non-votes
To elect seven directors:
Ki Nam                                      9,390,601       --            9,439         2,562,793
Steven Healy                                9,385,241       --            14,799        2,562,793
Bruce Nelson                                9,389,001       --            10,789        2,562,793
David Snowden                               9,385,601       --            14,439        2,562,793
Robert Thomson                              9,389,001       --            11,039        2,562,793
Rod Keller                                  9,389,251       --            10,789        2,562,793
William Tsumpes                             9,388,891       --            11,149        2,562,793
To increase the number of shares            6,005,232       3,338,678     56,130        2,562,793
underlying the Company's 2010 Stock
Incentive Plan from 3,150,000 to
18,150,000
To ratify the appointment of KMJ           11,838,540       112,638       11,655
Corbin & Company LLP as the Company's
independent auditors for the fiscal
year ending December 31, 2012
To approve the compensation paid to         6,018,055       3,328,730     53,255        2,562,793
the Company's named executive officers

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