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):

December 8, 2020

 

Commission File Number: 0-29923

 

Orbital Energy Group, Inc.

(Exact Name of registrant as specified in Its Charter)

 

 

Colorado

84-1463284

(State or jurisdiction of

(I.R.S. Employer

incorporation or organization)

Identification No.)

   

1924 Aldine Western, Houston, Texas

77038

(Address of Principal Executive Offices)

(Zip Code)

 

(503) 612-2300

(Registrant’s 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 CFR 240.14a- 12)
     
 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.1 4d-2(b))

 

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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. ☐

 

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

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $0.001 par value

OEG

Nasdaq Capital Market

 

 
 

 

Section 5 - Corporate Governance and Management

 

Item 5.07 Submission of Matters to a Vote of Security Holders

At the Annual Meeting of Shareholders for Orbital Energy Group, Inc. (“The Company”) on December 8, 2020, the Company’s shareholders: (i) elected seven directors; (ii) ratified the appointment of Grant Thornton LLP, as the Company’s independent registered public accounting firm for the year ending December 31, 2020; (iii) approved, on an advisory basis, the compensation paid to the Company’s named executive officers; and (iv) approved of the Company's 2020 incentive award plan. Set forth below are the voting results for each of these proposals.

 

Proposal 1: Election of seven directors - each to a one-year term:

 

 

Nominee

 

For

 

Withheld

 

Broker Non-votes

             

William J. Clough

 

7,298,688

 

2,810,500

 

12,778,974

             
James F. O'Neil III   8,528,064   1,581,124   12,778,974
             

C. Stephen Cochennet

 

8,386,167

  1,723,021   12,778,974
             

Sean P. Rooney

 

7,500,076

  2,609,112   12,778,974
             

Paul D. White

 

7,487,829

  2,621,359   12,778,974
             

Corey A. Lambrecht

 

7,408,096

  2,701,092   12,778,974
             

Sarah Tucker

 

9,282,078

  827,110   12,778,974

 

 
 

 

Proposal 2: Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accountants for the year ending December 31, 2020:

 

 

For   Against   Abstain   Broker Non-votes
22,578,166   205,036   104,960   —

 

 

Proposal 3: Advisory vote on the Company’s executive compensation (Say-on-Pay):

 

 

For

 

Against

 

Abstain

 

Broker Non-votes

6,888,170

  3,126,513   94,505   12,778,974

 

 

 

Proposal 4: To approve the adoption of the Orbital Energy Group, Inc. 2020 Incentive Award Plan:

 

 

For

 

Against

 

Abstain

 

Broker Non-votes

8,680,063

    1,178,597     250,528     12,778,974  

 

 

 
 

 

 

 

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 thereunto duly authorized.

 

Signed and submitted this 9th day of December 2020.

 

 

Orbital Energy Group, Inc.

(Registrant)

 

By:

   /s/ Daniel N. Ford

 

        Daniel N. Ford

 

        Chief Financial Officer