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sypr20210512_8k.htm

 

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 11, 2021

 

 

 

 

Sypris Solutions, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

  

0-24020

  

61-1321992
         

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)
         
         

101 Bullitt Lane, Suite 450

        
         

Louisville, Kentucky

      

40222
         

(Address of Principal

Executive Offices)

      

(Zip Code)

 

Registrant’s telephone number, including area code: (502) 329-2000

 

 

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:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

SYPR

NASDAQ Global Select Market

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

  
   

Emerging growth company

☐
   

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

 

 
 

 

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

 

 

The regular Annual Meeting of Stockholders of Sypris Solutions, Inc. was held in Louisville, Kentucky on May 11, 2021, for the purpose of voting on the proposals described below. Proxies for the meeting were solicited pursuant to Section 14(a) of the Securities Exchange Act of 1934 and there was no solicitation in opposition to management’s nominees for directors. The total number of shares of common stock outstanding as of March 17, 2021, the record date of the Annual Meeting of Stockholders, was 21,436,963.

 

 

Matters submitted to stockholders at the meeting and the voting results thereof were as follows:

 

Election of Directors. The stockholders of the Company elected each of the Class I director nominees proposed by the Company’s Board of Directors to serve until the 2024 Annual Meeting of Stockholders and until their successors are duly elected and qualified. The following is a breakdown of the voting results:

 

 

 

DIRECTOR     FOR      AGAINST      ABSTAIN      BROKER NON-VOTES  
                                 
John F. Brinkley     11,719,730       252,855       23,895       0  
                                 
William L. Healey     11,855,278       117,850       23,352       0  
                                 
Sidney R. Petersen     11,853,250       120,120       23,110       0  

 

 

 

Advisory Vote on Named Executive Officer Compensation. The stockholders of the Company approved an advisory resolution approving the compensation of the Company’s named executive officers as disclosed in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 1, 2021 (the “Proxy Statement”). The following is a breakdown of the voting results:

 

 

 

FOR       AGAINST       ABSTAIN      BROKER NON-VOTES  
                           
11,794,604       184,252       17,624       0  

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

Dated: May 14, 2021

Sypris Solutions, Inc.
     
     
     
 

By:

/s/ Anthony C. Allen
    Anthony C. Allen
   

Vice President, Chief Financial Officer and Treasurer