SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Act of 1934

 

Date of Report (Date of earliest event reported): May 24, 2021

 

 

 

    FONAR CORPORATION    
    (Exact name of registrant as specified in its charter)
   
         
DELAWARE   0-10248   11-2464137
(State or other jurisdiction of Incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification No.)
         
    110 Marcus Drive  Melville, New York 11747    
    (631) 694-2929    
    (Address, including zip code, and telephone number of registrant's principal executive office)    

  

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))

 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

The Annual Meeting of Stockholders of Fonar Corporation (the "Company") was held at 10:00 a.m. on May 24, 2021 at the Double Tree Hotel, Wilmington Downtown, 700 King Street, Wilmington, Delaware 19801. At the meeting, the items of business were (1) to elect five Directors to the Board of Directors, (2) to approve, on an advisory basis, the compensation of the Company’s named executive officers, (3) to ratify the selection of Marcum LLP as the Company's auditors for the fiscal year ending June 30, 2021, and (4) to transact such other business as may properly come before the meeting.

 

The stockholders elected Raymond V. Damadian, M.D., Claudette J. V. Chan,, Charles N. O'Data, Ronald G. Lehman and Richard E Turk, all of whom were sitting directors, as the directors of the Company. The stockholders also approved the compensation of the named executive officers, and ratified the selection of Marcum LLP as the Company’s auditors for the fiscal year ending June 30, 2021.

  

The votes for each of the nominees for director were as follows:

 

Nominee   For   Withheld   Broker Non-Votes
Raymond V. Damadian     12,014,352       1,590,098       1,206,435  
Claudette J.V. Chan     12,225,285       1,379,165       1,206,435  
Charles N. O'Data     12,883,479       720,971       1,206,435  
Ronald G. Lehman     13,396,037       208,413       1,206,435  
Richard E. Turk     13,534,707       69,743       1,206,435  

 

 

The votes to approve, on an advisory basis, executive compensation were as follows:

 

For   Against   Abstain   Broker Non-Votes
  13,439,551       123,094       41,805       1,206,435  

 

 

The votes for the ratification of Marcum LLP as the Company's auditors for the fiscal year ending June 30, 2021 were as follows:

 

For   Against   Abstain
  14,689,978       75,221       45,686  

 

 

The votes for the authorization to vote, in their discretion, upon such other business as may properly come before the meeting.

 

For   Against   Abstain   Broker Non-Votes
  10,267,059       3,281,091       56,300       1,206,435  

 

 

 

SIGNATURES

 

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

 

 

  FONAR CORPORATION
  (Registrant)
  By: /s/ Raymond V. Damadian
  Raymond Damadian
  Chairman of the Board
   
  By: /s/ Timothy R. Damadian
  Timothy R. Damadian
  President and Principal Executive Officer

 

 Dated: May 28, 2021