Item
5.07
Submission of Matters to a Vote of Security Holders
MAM Software Group, Inc.
(the “Company”) held its 2017 annual meeting of the stockholders (the “Annual Meeting”) at 875 Third Avenue, 9
th
Floor, New York, New York, on December 20, 2016. As described in the Company’s proxy statement on Schedule 14A filed with the Securities and Exchange Commission on October 28, 2016, the Company’s stockholders voted on five matters
:
(i) the election of directors; (ii) the ratification of the appointment of an independent registered public accounting firm; (iii) the approval of the Company’s 2017 Equity Incentive Plan; (iv) the approval, on a non-binding, advisory basis, of the compensation of the Company’s named executive officers; and (v) the approval, on a non-binding, advisory basis, on whether a non-binding advisory vote to approve the compensation of the Company’s named executive officers should be held every one, two, or three years.
Of the
12,276,715 shares outstanding and entitled to vote as of the record date for the Annual Meeting, 9,731,623 shares were present at the Annual Meeting in person or by proxy. As such, a quorum was established at the Annual Meeting.
Proxies for the
Annual Meeting were solicited pursuant to Section 14(a) of the Securities Exchange Act of 1934, as amended, and there was no solicitation in opposition to management’s nominees for directors. All nominees for director listed below were elected. The term of office for each director will be until the 2018 annual meeting of the Company’s stockholders and their successors are elected and qualified, or until their earlier resignation or removal.
The final results of the election of directors were as follows:
|
Name
|
For
|
|
Withheld
|
|
Abstain
|
Broker Non-Votes
|
|
Michael G. Jamieson
|
7,194,238
|
|
765
|
|
0
|
2,536,620
|
|
Dwight B. Mamanteo
|
7,056,776
|
|
138,227
|
|
0
|
2,536,620
|
|
Peter H. Kamin
|
7,056,776
|
|
138,227
|
|
0
|
2,536,620
|
|
Frederick Wasserman
|
7,056,732
|
|
138,271
|
|
0
|
2,536,620
|
|
W. Austin Lewis IV
|
7,058,332
|
|
136,671
|
|
0
|
2,536,620
|
The stockholders approved of the proposal to ratify the app
ointment of KMJ Corbin & Company LLP as the Company’s independent auditors for the fiscal year ending June 30, 2017, by a vote of 9,730,768 for, 332 against, and 523 abstentions. There were no broker non-votes.
The stockholders approve
d of the proposal to approve the Company’s 2017 Equity Incentive plan by a vote of 7,180,557 for, 10,408 against, 4,038 abstentions and 2,536,620 broker non-votes.
The stockholders approved of the proposal to approve, on a non-binding, advisory
basis, the compensation of the Company’s named executive officers by a vote of 7,163,391 for, 15,370 against, 16, 242 abstentions and 2,536,620 broker non-votes.
The stockholders approved the frequency option of Every 3 Years as the frequency for which a non-binding, advisory vote to approve the compensation of the Company
’s named executive officers should be held by a vote of 427,967 for Every 1 Year, 132,700 for Every 2 Years, 6,622,803 for Every 3 Years, 11,533 abstentions and 2,536,620 broker non-votes.