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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 13, 2020

 

ADTRAN, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

000-24612

63-0918200

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

 

 

901 Explorer Boulevard

Huntsville, Alabama

 

35806-2807

(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (256) 963-8000

Not Applicable

(Former Name or Former Address, if Changed Since 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 Instructions A.2. below):

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

 

Name of exchange on which registered

Common Stock, Par Value $0.01

 

ADTN

 

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

 

ADTRAN, Inc. (the “Company”) held its Annual Meeting of Stockholders on May 13, 2020 (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders (i) elected six directors to serve until the 2021 Annual Meeting of Stockholders (Proposal 1); (ii) approved the adoption of the ADTRAN, Inc. 2020 Employee Stock Incentive Plan (Proposal 2); (iii) approved the adoption of the ADTRAN, Inc. 2020 Directors Stock Plan (Proposal 3); (iv) approved, on an advisory basis, the compensation of the Company’s named executive officers (Proposal 4); and, (v) ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2020 (Proposal 5). The voting results for these proposals are presented in the tables below:

 

Proposal 1 – Election of Directors

 

 

For

 

Against

 

Abstain

 

Broker

Non-Votes

 

Thomas R. Stanton

 

38,570,213

 

 

552,133

 

 

14,165

 

 

4,612,691

 

H. Fenwick Huss

 

38,425,956

 

 

697,673

 

 

12,882

 

 

4,612,691

 

Gregory J. McCray

 

38,761,871

 

 

362,304

 

 

12,336

 

 

4,612,691

 

Balan Nair

 

33,358,591

 

 

5,766,258

 

 

11,662

 

 

4,612,691

 

Jacqueline H. Rice

 

38,962,417

 

 

159,416

 

 

14,678

 

 

4,612,691

 

Kathryn A. Walker

 

38,570,536

 

 

553,957

 

 

12,018

 

 

4,612,691

 

 

Proposal 2 – Approval of the Adoption of the ADTRAN, Inc. 2020 Employee Stock Incentive Plan

 

For

 

Against

 

Abstain

 

Broker Non-Votes

 

 

37,097,885

 

 

2,025,164

 

 

13,462

 

 

4,612,691

 

 

Proposal 3 – Approval of the Adoption of the ADTRAN, Inc. 2020 Directors Stock Plan

 

For

 

Against

 

Abstain

 

Broker Non-Votes

 

 

37,037,676

 

 

2,078,218

 

 

20,617

 

 

4,612,691

 

 

Proposal 4 - Advisory Vote Regarding Compensation of the Company’s Named Executive Officers

 

For

 

Against

 

Abstain

 

Broker Non-Votes

 

 

38,240,376

 

 

848,383

 

 

47,752

 

 

4,612,691

 

 

Proposal 5 - Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2020

 

For

 

Against

 

Abstain

 

 

43,045,010

 

 

674,413

 

 

29,779

 

 

 

 

 


 

 


 

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.

 

Date: May 15, 2020                                            

ADTRAN, Inc.

 

By: /s/ Michael Foliano
Michael Foliano
Senior Vice President of Finance and

 

Chief Financial Officer

 

 

 

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