Date of Report (Date of earliest event reported): May 26, 2011
Registrant’s telephone number, including area code: 610-293-0600
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:
communications pursuant to Rule 425 under the Securities Act (17 CFR
ITEM 5.07. Submission of Matters to a Vote of Security Holders.
The annual meeting of shareholders of Safeguard Scientifics, Inc. (the Company) was held on May 26, 2011. As of the Record Date of April 8, 2011, there were 20,667,702 shares of common stock outstanding and entitled to notice of and to vote at the Annual Meeting. The matters voted upon at the Annual Meeting and the results of the voting are set forth below.
Proposal I Election of Directors
Shareholders approved the election of eight directors to serve as directors for a one-year term to expire at the 2012 Annual Meeting. The voting results for this proposal are as follows:
Proposal II Ratification of Independent Registered Public Accounting Firm for Fiscal Year 2011
Shareholders ratified the appointment of KPMG LLP to serve as the Companys independent registered public accounting firm for its 2011 fiscal year. The voting results for this proposal are as follows:
Proposal III Advisory Vote Concerning Executive Compensation of the Named Executive Officers
Shareholders approved, on an advisory basis, the Companys compensation of its named executive officers, as disclosed in the Compensation Discussion and Analysis and Executive Compensation sections of the Companys 2011 Annual Meeting Proxy Statement. The voting results for this proposal are as follows:
Proposal IV Advisory Vote on Frequency of Future Advisory Votes Concerning Executive Compensation of the Named Executive Officers
Shareholders approved, on an advisory basis, the Companys proposal to hold future advisory votes on executive compensation of the named executed officers annually. In accordance with the Board of Directors recommendation and the outcome of this advisory vote, the Company intends to hold the next advisory vote on the compensation of its named executive officers at the Companys 2012 Annual Meeting. The voting results for this proposal are as follows:
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 hereunto duly authorized.