SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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)
(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)
(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.|
|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|
|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.|
|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.|
|4.||On a non-binding, advisory basis, the compensation of our named executive officers was approved.|
|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|
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|
|Chief Financial Officer|