TMCnet News
IXYS CORP /DE/ FILES (8-K) Disclosing Change in Directors or Principal Officers, Submission of Matters to a Vote of Security Holders, Other Events(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 28, 2014, the stockholders of IXYS Corporation ("IXYS") approved an increase of 350,000 shares under the Amended and Restated 1999 Employee Stock Purchase Plan (the "Plan"). A description of the terms of the Plan is set forth in the definitive proxy statement of IXYS filed with the Securities and Exchange Commission on July 24, 2014. On August 28, 2014, the Compensation Committee of the Board of Directors of IXYS shifted $55,000 of the potential annual compensation of Nathan Zommer, the Chief Executive Officer of IXYS, from salary to the cash performance compensation program, at the request of Dr. Zommer. Dr. Zommer's annual salary rate was reduced to $525,000 from a prior rate of $580,000 and his target and maximum amounts under the cash performance compensation program for fiscal 2015 were increased from $500,000 to $555,000 and from $750,000 to $805,000, respectively. The threshold amount of $290,000 was not changed and the performance objectives and their weighting, which will be used to determine the payout amount after the end of fiscal 2015, were not changed. Item 5.07 Submission of Matters to a Vote of Security Holders. The 2014 Annual Meeting of Stockholders (the "Annual Meeting") of IXYS was held on August 28, 2014. The final results for each matter submitted to a vote of stockholders at the Annual Meeting are as follows: Each of the directors proposed by IXYS for election was elected by the following votes to serve until IXYS's 2015 Annual Meeting of Stockholders or until his respective successor has been elected and qualified. The voting results were as follows: Director Name Votes For Votes Withheld Broker Non-Votes Uncast Donald L. Feucht 25,116,017 1,137,220 3,460,695 0 Samuel Kory 25,062,038 1,191,199 3,460,695 0 S. Joon Lee 25,111,469 1,141,768 3,460,695 0 Timothy Richardson 24,349,878 1,903,359 3,460,695 0 James M. Thorburn 26,014,126 239,111 3,460,695 0 Kenneth D. Wong 25,722,290 530,947 3,460,695 0 Nathan Zommer 25,205,546 1,047,691 3,460,695 0 The stockholders approved an increase of 350,000 shares under the Amended and Restated 1999 Employee Stock Purchase Plan. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes Uncast 25,635,714 598,620 18,903 3,460,695 0 The stockholders approved, on an advisory basis, the compensation of IXYS's named executive officers. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes Uncast 25,743,901 353,922 155,414 3,460,695 0 The stockholder proposal was not voted on at the Annual Meeting, as a representative of the stockholder did not attend and present the proposal at the Annual Meeting, as required by Rule 14a-8(h) of the Securities and Exchange Commission. The stockholders ratified the appointment of BDO USA, LLP as IXYS's independent public registered accounting firm for IXYS's fiscal year ending March 31, 2015. The voting results were as follows: Votes For Votes Against Abstentions Uncast 28,463,665 1,140,075 110,192 0 Item 8.01 Other Events. On August 28, 2014, the Board of Directors of IXYS approved a quarterly cash dividend of $0.035 per share of common stock, payable on September 26, 2014 to shareholders of record on September 12, 2014. -------------------------------------------------------------------------------- Top of the Form |