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SOTK > SEC Filings for SOTK > Form 8-K on 27-Aug-2013All Recent SEC Filings

Show all filings for SONO TEK CORP

Form 8-K for SONO TEK CORP


27-Aug-2013

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


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

On August 22, 2013, Sono-Tek Corporation (the "Company") agreed with its Chairman and Chief Executive Officer, Dr. Christopher L. Coccio, that effective September 1, 2013, Dr. Coccio's annual salary would be reduced from $225,000 to $150,000 in connection with a planned reduction of Dr. Coccio's time commitment to the Company. Dr. Coccio was reappointed by the Board as Chairman and Chief Executive Officer and will continue in that capacity as part of this arrangement.



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

The following matters were voted upon at the Company's annual meeting of shareholders held on August 22, 2013:

1. The shareholders elected, by a plurality of the votes cast, all four nominees to the Board of Directors to serve until the Annual Meeting of Shareholders in 2015 and until their successors are duly elected and qualified.

For Against Broker Non-Votes Christopher L. Coccio 6,746,172 233,195 4,991,081 R. Stephen Harshbarger 6,746,686 232,681 4,991,081 Joseph Riemer 6,747,086 232,281 4,991,081 Philip Strasburg 6,741,686 237,681 4,991,081

Edward J. Handler, Eric Haskell, Donald F. Mowbray and Samuel Schwartz, who were not standing for re-election, continued to serve as Directors following the annual meeting.

2. The shareholders ratified by the affirmative vote of the majority of the votes cast on the proposal, the appointment of Ligget, Vogt & Webb, P.A., as the Company's independent auditors for the fiscal year ending February 28, 2014.

                         For:                   11,767,213
                         Against:                  199,032
                         Abstained:                  4,203

There were no broker non-votes.

3. The shareholders approved, in a non-binding advisory vote, the compensation of the company's named executive officers.

                            For:              6,204,982
                            Against:            453,573
                            Abstained:          320,812
                            Broker Non-Votes: 4,991,081

4. The shareholders recommended, in a non-binding advisory vote, that an advisory shareholder vote on the compensation of the Company's named executive officers should occur every three years.

                            Every Year:        1,086,107
                            Every Two Years:   1,569,607
                            Every Three Years: 4,057,635
                            Abstain:             220,018
                            Broker Non-Votes:  4,991,081

In light of the results of this advisory shareholder vote, the Company has decided to follow the recommendation of its shareholders and will include a shareholder vote on the compensation of executives in its proxy materials every three years.

5. The shareholders approved by the affirmative vote of a majority of the votes cast on the proposal, the adoption of the Company's 2013 Stock Incentive Plan.

                            For:              6,028,361
                            Against:            765,885
                            Abstained:          185,121
                            Broker Non-Votes: 4,991,081

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