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): June 19, 2013

 

CHINA RECYCLING ENERGY CORPORATION
(Exact Name Of Registrant As Specified In Charter)

 

Nevada 000-12536 90-0093373
     
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)

 

12/F, Tower A

Chang An International Building

No. 88 Nan Guan Zheng Jie

Xi An City, Shan Xi Province

China 710068
(Address of principal executive offices, including zip code)

 

(86-29) 8769-1097
(Registrant’s telephone number, including area code)

 

Not Applicable
(Former name or address, if changed since last report)

 

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 240.14d-2(b))

 

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

 
 

 

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

     

On June 19, 2013, China Recycling Energy Corporation, a Nevada corporation (the “Company”) held its 2013 Annual Meeting of Shareholders. A quorum was present at the meeting as required by the Fourth Amended and Restated Bylaws of the Company. The final voting results of the matters submitted to a shareholder vote at the meeting are as follows:

 

Proposal 1: Election of Directors

 

The following seven individuals were elected to the Board of Directors of the Company to serve as directors until the 2014 Annual Meeting of Shareholders or until their successors have been duly elected and qualified:

 

Nominees   Votes Cast For    Votes Cast Against     Abstentions    Broker Non-Votes  
Guohua Ku   38,398,034    84    6,965    5,966,488 
Timothy Driscoll   38,397,026    1,092    6,965    5,966,488 
Albert McLelland   38,397,022    1,096    6,965    5,966,488 
Lanwei Li   38,398,022    96    6,965    5,966,488 
Julian Ha   38,397,726    392    6,965    5,966,488 
Yilin Ma   38,397,704    414    6,965    5,966,488 
Chungui Shi   38,398,004    114    6,965    5,966,488 
                     

 

Proposal 2: Approval and Ratification of the Appointment of Goldman Kurland Mohidin LLP as the Company’s Independent Registered Public Accounting Firm

 

The appointment of Goldman Kurland Mohidin LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2013 was approved and ratified. There were 44,188,955 votes for the appointment, 4,812 votes against the appointment, 52,925 abstentions and 5,966,488 broker non-votes.

 

Proposal 3: Advisory Vote on Compensation of Named Executive Officers

 

The shareholders approved, on an advisory, non-binding basis, the compensation of our named executive officers.

             
For   Against   Abstain   Broker Non-Votes
             
38,334,604   56,624   13,855   5,973,900

 

 
 

Proposal 4: Advisory Vote on Frequency of Advisory Votes on Compensation of our Named Executive Officers

 

The shareholders voted for one year with respect to the frequency with which shareholders are provided a non-binding, advisory vote on the compensation of our named executive officers.

                 
1 Yr   2 Yrs   3 Yrs   Abstain   Broker Non-Votes
                 
25,856,404   5,181   12,534,448   738   5,973,900

 

 

As described above, a majority of the votes cast voted, in an advisory, non-binding vote, in favor of having a shareholder vote to approve the compensation of the Company’s named executive officers every year. In light of such vote, and consistent with the Company’s recommendation, the Company’s Board of Directors determined that it currently intends to include an advisory, non-binding vote to approve the compensation of the Company’s named executive officers every year.

 

 
 

SIGNATURE

 

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.

 

 

  China Recycling Energy Corporation
 

(Registrant)

 

Dated: June 24, 2013 /s/ David Chong
  David Chong
Chief Financial Officer and Secretary