Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Charles & Colvard, Ltd.    CTHR

Delayed Quote. Delayed  - 05/24 05:18:32 pm
1.09 USD   +3.81%
04/28 CHARLES LVARD : Reports First Quarter 2016 Financial Results
04/22 CHARLES & COLVA : 30 pm edt
03/10 CHARLES LVARD : to Present at the 28th Annual Roth Investor Conferen..
SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

CHARLES & COLVARD LTD : Change in Directors or Principal Officers, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/20/2016 | 03:02pm CEST

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.



On May 18, 2016, the shareholders of Charles & Colvard, Ltd. (the "Company") approved an amendment to the Company's 2008 Stock Incentive Plan, as amended (the "Plan"). The Plan was amended to increase the number of shares that may be issued under the Plan by 1,500,000 shares.

The terms of the Plan are set forth under the caption "Proposal No. 2-Approval of Amendment to the Charles & Colvard, Ltd. 2008 Stock Incentive Plan" in the Company's definitive proxy statement for the Company's 2016 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on April 20, 2016 (the "Proxy Statement"). Such description is incorporated herein by reference and is qualified in its entirety by reference to the Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

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

The Company held its Annual Meeting of Shareholders on May 18, 2016. The shareholders considered five proposals, each of which is described in more detail in the Proxy Statement.

Proposal 1: To elect five nominees described in the Proxy Statement to the Company's Board of Directors. The votes were cast as follows:



                                                                  Broker Non-
                                      For          Withheld          Votes
            Neal I. Goldman         8,290,045         973,904        9,243,867
            Anne M. Butler          8,004,207       1,259,742        9,243,867
            Jaqui Lividini          8,931,113         332,836        9,243,867
            Suzanne T. Miglucci     9,014,909         249,040        9,243,867
            Ollin B. Sykes          8,232,354       1,031,595        9,243,867



All director nominees were duly elected.




Proposal 2: To approve an amendment to the Plan to increase the number of shares
authorized for issuance under the plan by 1,500,000 shares. The votes were cast
as follows:



                  For           Against        Abstain       Broker Non-Votes
                5,545,141       3,296,142       422,666           9,243,867




Proposal 2 was approved.


Proposal 3: To re-approve the material terms of the performance goals included in the Plan. The votes were cast as follows:



                  For           Against        Abstain       Broker Non-Votes
                7,104,943       1,745,446       413,560           9,243,867










Proposal 3 was approved.


Proposal 4: To ratify the appointment of BDO USA, LLP as the Company's independent registered public accounting firm for the year ending December 31, 2016. The votes were cast as follows:



                            For           Against       Abstain
                          17,759,881       170,444       577,491




Proposal 4 was approved.



Proposal 5: To vote, on an advisory (nonbinding) basis, to approve executive compensation. The votes were cast as follows:



                   For          Against       Abstain       Broker Non-Votes
                 8,245,414       568,990       449,545           9,243,867




Proposal 5 was approved.

Item 9.01 Financial Statements and Exhibits.




(d)  Exhibits



Exhibit No.     Description of Document
10.1            Charles & Colvard, Ltd. 2008 Stock Incentive Plan, as amended

© Edgar Online, source Glimpses

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on CHARLES & COLVARD, LTD.
05/20 CHARLES & COLVARD LTD : Change in Directors or Principal Officers, Submission of..
04/28 CHARLES & COLVARD LTD : Results of Operations and Financial Condition, Financial..
04/28 CHARLES LVARD : Reports First Quarter 2016 Financial Results
04/22 CHARLES & COLVARD TO HOST ITS 2016 F : 30 pm edt
03/21 CHARLES LVARD : & COLVARD LTD : Change in Directors or Principal Officers (form ..
03/10 CHARLES LVARD : to Present at the 28th Annual Roth Investor Conference March 15t..
03/08 CHARLES LVARD : & COLVARD LTD : Results of Operations and Financial Condition, F..
03/08 CHARLES LVARD : Reports Fourth Quarter and Full Year 2015 Financial Results
03/08 CHARLES LVARD : & COLVARD LTD : Completion of Acquisition or Disposition of Asse..
03/08 CHARLES LVARD : Announces Sale of Main Lulu Avenue® Assets to Yanbal USA, Inc.
Advertisement
News chart
Full-screen chart