Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
HPJ > SEC Filings for HPJ > Form 8-K on 21-Nov-2013All Recent SEC Filings

Show all filings for HIGHPOWER INTERNATIONAL, INC.

Form 8-K for HIGHPOWER INTERNATIONAL, INC.


21-Nov-2013

Submission of Matters to a Vote of Security Holders, Other Events


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

On November 17, 2013, Highpower International, Inc. (the "Company") held its 2013 Annual Meeting of Stockholders (the "Annual Meeting"). For more information about the proposals, see the Company's Definitive Proxy Statement filed with the U.S. Securities and Exchange Commission on October 15, 2013 (the "Proxy Statement"), the relevant portions of which are incorporated herein by reference.

At the Annual Meeting, stockholders representing 11,422,591 shares, or 83.18%, of the 13,732,106 shares of common stock outstanding on the record date of October 8, 2013 were present in person or by proxy, constituting a quorum for the purposes of the Annual Meeting. The final voting results on each of the matters submitted to a vote of stockholders were as follows:

Proposal No. 1 - Election of Directors: The Company's stockholders elected, by a plurality of the shares present or represented by proxy at the Annual Meeting, each of the five nominees to the Board of Directors, to serve until the Company's 2014 annual meeting of stockholders or until their respective successors have been elected, as follows:

Director Nominee      Votes For Votes Withheld Broker Non-Votes
Dang Yu Pan           7,209,784     35,894        4,176,913
Wen Liang Li          7,209.784     35,894        4,176,913
T. Joseph Fisher, III 7,210,244     35,434        4,176,913
Xinhai Li             7,209,784     35,894        4,176,913
Ping Li               7,209,784     35,894        4,176,913

Proposal Number 2 - Ratification of Appointment of Independent Auditor: The ratification of the appointment of Marcum Bernstein & Pinchuk LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2013 was approved by a vote of stockholders as follows

For Against Abstentions Broker Non-Votes 11,257,047 152,778 12,766 n/a

Proposal Number 3 - Advisory Vote on Names Executive Officer Compensation. The stockholders of the Company approved, on an advisory basis, the resolution regarding the compensation of the Company's named executive officers as disclosed in the proxy statement as follows:

For Against Abstentions Broker Non-Votes 7,195,295 47,409 2,974 4,176,913

Proposal Number 4 - Advisory Vote on the Frequency of the Advisory Vote on Executive Compensation.

The stockholders of the Company approved, on an advisory basis, the frequency of three years at which the Company should include an advisory vote regarding the compensation of the Company's named executive officers as disclosed in the proxy statement as follows:

One Year Two Years Three Years Abstentions Broker Non-Votes 140,734 55,286 7,046,478 3,180 4,176,913

In light of the results of the stockholder vote on a frequency at which the Company should include an advisory vote regarding the compensation of the Company's named executive officers, the Company has determined to conduct a stockholder vote every three years regarding the compensation of the Company's named executive officers until the next required vote on the frequency of stockholder votes on compensation of named executive officers.



Item 8.01 Other Events

The information included in this Item 8.01 of this Current Report is being provided to correct disclosure in the Company's Annual Report on form 10-K filed by the Company with the Securities and Exchange Commission on April 2, 2013 ("Annual Report"), which may be incorporated by reference into registration statements or periodic reports of the Company. By correcting this information, the Company is not indicating that the Annual Report contained any material misstatements. No other changes are being made to the Annual Report.

In the Annual Report, the Company disclosed that Wen Liang Li, its Vice Present and Chief Technology Officer, received no compensation in fiscal 2011 in the "Summary Compensation Table" included in Item 11 of Part III of the Annual Report. The actual compensation received by Mr. Li in fiscal 2011 is as follows:

                                                                            Option         All other
Name and Position                    Year        Salary       Bonus         Awards       compensation       Total
Wen Liang Li                           2011     $ 74,000     $ 23,000     $        -     $           -     $ 97,000
Vice President, Chief Technology
Officer and Director

  Add HPJ to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for HPJ - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.