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): July 23, 2019

________________________________________________________________

 

IDEAL POWER INC.

(Exact name of registrant as specified in Charter)

  

Delaware   001-36216   14-1999058

(State or other jurisdiction of

incorporation or organization)

  (Commission File No.)   (IRS Employee Identification No.)

 

4120 Freidrich Lane, Suite 100

Austin, Texas, 78744

(Address of Principal Executive Offices)

 

512-264-1542

(Issuer Telephone number)

  

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).

  

¨ 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 CFR240.14a-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-(c) under the Exchange Act (17 CFR 240.13(e)-4(c))

 

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

 

Title of each class Trading Symbol Name of each exchange on which registered
Common stock IPWR NASDAQ Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

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 following are the voting results on each matter submitted to the shareholders at the Ideal Power Inc. (the “Company”) Annual Meeting of Stockholders (“Annual Meeting”) held on July 23, 2019. The proposals below are described in detail in the Company’s Proxy Statement which was filed with the Securities and Exchange Commission on April 30, 2019 and in the Company’s Amendment No. 1 to its Proxy Statement which was filed with the Securities and Exchange Commission on May 31, 2019. At the Annual Meeting, the following proposals were approved.

  

  1. The following nominees were elected to serve as directors until the election and qualification of his successor.

 

Nominee   For   Withheld   Broker Non-Votes
Lon E. Bell   2,457,353     113,260     6,159,822  
R. Daniel Brdar   2,425,745     144,868     6,159,822  
David B. Eisenhaure   2,438,404     132,209     6,159,822  
Ted Lesster   2,424,375     146,238     6,159,822  
Michael C. Turmelle   2,442,760     127,853     6,159,822  

  

  2. The amendment to the Company’s amended and restated certificate of incorporation, if necessary, to effect a reverse stock split was approved.

 

For   Against   Abstentions   Broker Non-Votes
6,852,376     1,782,653     95,406     —

 

  3. The ratification of the appointment of Gumbiner Savett Inc. as the Company’s independent registered public accounting firm for the year ended December 31, 2019 was approved.

 

For   Against   Abstentions   Broker Non-Votes
8,254,140     381,147     95,148     —

 

  4. On a non-binding, advisory basis, the compensation of our named executive officers was approved.

 

For   Against   Abstentions   Broker Non-Votes
2,262,861     276,779     30,973     6,159,822

 

  5. On a non-binding, advisory basis, the frequency of 1 Year for future stockholder advisory votes on the compensation of our named executive officers was approved.

 

1 Year   2 Years   3 Years   Abstain
2,407,778     9,703     119,900     33,232

 

 

 

 

SIGNATURES

 

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

 

Dated: July 25, 2019 IDEAL POWER INC.  
       
  By:   /s/ Timothy Burns  
    Timothy Burns  
    Chief Financial Officer  

 

 

 

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