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)
November 16, 2012 (November 15, 2012)
SHARPS COMPLIANCE CORP.
Commission File No. 001-34269

(Exact Name Of Registrant As Specified In Its Charter)
 
Delaware
74-2657168
(State Or Other Jurisdiction Of
Incorporation or Organization)
(IRS Employer Identification No.)

9220 Kirby Drive, Suite 500
Houston, Texas 77054
(Address Of Principal Executive Offices)

Registrant’s Telephone Number, Including Area Code)
713-432-0300

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:
 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 CFR240.14d-2(b))
 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 


 
 


 
 

 

TABLE OF CONTENTS
 
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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

Item 9.01
Financial Statement and Exhibits.

SIGNATURES



 
2

 


Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Non-Employee Board of Director Compensation Policy

On November 15, 2012, the Board of Directors of Sharps Compliance Corp. (the “Company” or “Sharps”) approved Board of Director compensation for the Company’s non-employee directors effective for the period from October 1, 2012 through September 30, 2013, paid or issued quarterly (except for special board meetings) as follows:

Non-Employee Board of Directors Compensation
 
Chairman of the Board
   
Board Member
   
Committee Chair
   
Committee Member
 
Quarterly Cash Retainer ($)
  $ 15,000     $ 10,000              
                             
Quarterly Restricted Stock Awards (shares):
                           
Board Membership
    2,500       2,500              
Chairman of the Board
    1,250                      
Audit Committee
                    375       187  
Compensation Committee
                    250       125  
Corporate Governance Committee
                    250       125  
                                 
Cash Fees for Special Meetings ($)
  $ 1,000     $ 1,000                  
                                 

 
Item 5.07.                      Submission of Matters to a Vote of Security Holders.
 
 
At the annual meeting of the stockholders of the Company, held on November 15, 2012, the matters voted upon at the Company’s Annual Meeting, and the results of the voting including broker non-votes as to such matters, were as stated below.
 
 
Proposal 1. The following nominees for directors were elected to serve one-year terms expiring at the 2013 annual meeting of stockholders:
 
Nominee
 
For
   
Against
   
Abstentions
   
Withheld
 
John W. Dalton
    6,849,794       -       -       139,240  
Parris H. Holmes
    6,849,794       -       -       139,240  
F. Gardner Parker
    6,757,644       -       -       231,390  
Renee P. Tannenbaum
    6,849,794       -       -       139,240  
David P. Tusa
    6,879,744       -       -       139,290  
Phillip C. Zerrillo
    6,849,794       -       -       130,240  
 
Broker Non-Votes: 6,337,306
 
 
Proposal 2. The Non-Binding Advisory Vote on executive compensation:
 
For
   
Against
   
Abstain
 
  6,782,763       196,882       9,389  
 
Broker Non-Votes: 6,337,306
 
 
Proposal 3. The ratification by the Audit Committee of the Board of Directors of UHY LLP as independent registered public accounting for the current fiscal year:
 
For
   
Against
   
Abstain
 
  13,060,460       247,269       18,611  
 
Broker Non-Votes: none
 
Item 9.01.                      Financial Statements and Exhibits.
             None.
 
3

 

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.
 

Date: November 16, 2012                                                                                            
   SHARPS COMPLIANCE CORP.


 
By: /s/ DIANA P. DIAZ
 
Vice President and Chief Financial Officer






 
4