Form 8-K for PATRIOT SCIENTIFIC CORP
14-Feb-2012
Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
Patriot Scientific Corporation (the "Company") held its 2011 Annual Meeting on February 10, 2012. Out of 406,215,073 shares of our Common Stock (as of the record date of December 16, 2011) entitled to vote at the Annual Meeting, there were 295,145,289 shares present in person or represented by proxy, representing 72.66% of the total outstanding shares of our Common Stock entitled to vote. At the Annual Meeting, the Company's stockholders voted on and approved each of the following three proposals. The final voting results of each proposal are set forth below.
Proposal No. 1: Election of the Board of Directors to serve until the Company's 2012 Annual Meeting of Stockholders.
Broker
Directors Votes For Votes Withheld Non-Votes
Carlton M. Johnson, Jr. 44,642,348 47,052,566 203,450,375
Gloria H. Felcyn 42,691,868 49,003,046 203,450,375
Clifford L. Flowers 47,879,097 43,815,817 203,450,375
|
Proposal No. 2: To ratify management's selection of KMJ Corbin & Company LLP as our independent auditors.
Votes Broker
For Votes Against Abstain Non-Votes
254,523,209 19,454,023 21,168,057 -
|
Proposal No. 3: Stockholder proposal mandating directors and senior executives purchase self-financed company stock valued at a multiple of their total compensation through minimum monthly expenditures.
Votes Broker
For Votes Against Abstain Non-Votes
64,688,106 23,568,989 3,437,819 203,450,375
|
