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 12, 2010
NORTECH SYSTEMS INCORPORATED
(Exact name of registrant as specified in charter)
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Minnesota |
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0-13257 |
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41-16810894 |
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(State or other jurisdiction |
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(Commission |
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IRS Employer |
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 5.07 Submission of Matters to a Vote of Security Holders.
(a) The annual meeting of shareholders of the registrant was held on May 12, 2010.
(b) Exhibit A attached hereto sets forth the following information:
(1) The name of each director elected at the meeting and the number of cast for, against or withheld, and the number of abstentions and broker non-votes with respect to each nominee;
(2) The voting with respect to the proposal to limit the number of directors to five;
(3) The voting with respect to the proposal to transact such further business as may properly come before the meeting.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 14, 2010
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Nortech Systems Incorporated |
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(Registrant) |
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/s/ Michael J. Degen |
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Michael J. Degen, President and Chief Executive Officer |
Exhibit A
Broadridge
51 Mercedes Way
Edgewood. NY 11717
PROPOSAL #001 ELECTION OF DIRECTORS
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*** |
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FOR |
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AGAINST |
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WITHHELD |
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BROKER NON-VOTES |
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BENEFICIAL |
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257,263 |
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0 |
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2,510 |
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957,601 |
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REGISTERED |
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1,058,600 |
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0 |
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175 |
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TOTAL SHARES VOTED |
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1,315,863 |
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0 |
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2,685 |
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% OF VOTED |
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99.79% |
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0.20% |
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% OF OUTSTANDING |
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47.97% |
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0.09% |
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PROPOSAL #001 ELECTION OF DIRECTORS INCLUDING DIRECTOR EXCEPTIONS
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*** |
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FOR |
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% VOTED FOR |
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WITHHELD |
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% VOTED WITHHELD |
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MICHAEL J. DEGEN |
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1,315,363 |
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99.76% |
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3,185 |
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0.24% |
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KENNETH LARSON |
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1,295,663 |
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98.28% |
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22,885 |
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1.74% |
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MYRON KUNIN |
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1,273,443 |
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96.58% |
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45,105 |
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3.42% |
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RICHARD W. PERKINS |
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1,315,823 |
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99.79% |
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2,725 |
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0.21% |
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TRENT RILEY |
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1,295,823 |
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98.28% |
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22,725 |
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1.72% |
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TOTAL ALL DIRECTORS |
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6,496,115 |
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96,625 |
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DIRECTOR AVERAGE |
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1,299,223 |
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19,325 |
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% VOTED OF AVERAGE |
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98.53% |
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1.47% |
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PROPOSAL #002 TO FIX THE NUMBER OF DIRECTORS OF THE COMPANY AT FIVE
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*** |
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FOR |
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AGAINST |
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ABSTAIN |
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BROKER NON-VOTES |
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BENEFICIAL |
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1,192,964 |
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22,610 |
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1,800 |
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REGISTERED |
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1,058,348 |
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240 |
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187 |
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TOTAL SHARES VOTED |
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2,251,312 |
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22,850 |
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1,987 |
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% OF VOTED |
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98.90% |
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1.00% |
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0.08% |
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% OF OUTSTANDING |
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82.07% |
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0.83% |
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0.07% |
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PROPOSAL #003 TRANSACT SUCH BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING
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*** |
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FOR |
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AGAINST |
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ABSTAIN |
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BROKER NON-VOTES |
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BENEFICIAL |
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1,063,953 |
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148,715 |
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4,706 |
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REGISTERED |
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1,056,556 |
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174 |
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2,045 |
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TOTAL SHARES VOTED |
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2,120,509 |
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148,889 |
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6,751 |
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% OF VOTED |
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93.16% |
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6.54% |
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0.29% |
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% OF OUTSTANDING |
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77.30% |
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5.42% |
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0.24% |
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