ctib20180608_8k.htm

 

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 8, 2018

  

CTI INDUSTRIES CORPORATION

(Exact name of registrant as specified in its charter)

 

Illinois

(State or other jurisdiction of incorporation)

  

000-23115

36-2848943

(Commission File Number)

(IRS Employer Identification No.)

 

 

22160 N. Pepper Road, Lake Barrington, Illinois

60010

(Address of principal executive offices)

(Zip Code)

 

Registrant's telephone number, including area code: (847) 382-1000

 

Not applicable

(Former name or former 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 (l7 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-1 2)

 

Pre-commencement communications pursuant to Rule l4d-2(b) under the Exchange Act (17 CFR 240. l 4d-2 (b))

 

Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240. l 3c-4 (c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging Growth Company   

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 



 

 

 

Item 5.07

Submission of Matters to a Vote of Security Holders

 

The Annual Meeting of Stockholders of CTI Industries Corporation (the “Company”) was held on Friday, June 8, 2018 at 9:00 a.m. Central Daylight Savings Time at the corporate headquarters of the Company located at 22160 N. Pepper Road, Lake Barrington, Illinois.

 

The following actions were submitted and approved by a vote of the stockholders of the Company:

 

 

1.

Election of seven directors;

     
 

2.

Approval of the 2018 Stock Incentive Plan;

     
 

3.

Ratification of the Board’s selection of Plante & Moran, PLLC as the independent registered public accounting firm of the Company for 2018.

 

Stockholders of record at the close of business on April 13, 2018 were entitled to vote. A total of 2,616,168 shares were represented by proxy or in person at the Annual Meeting, which constituted 74.11% of the Company’s issued and outstanding shares of common stock. These shares were voted on the matters presented at the Annual Meeting as follows:

 

 

1.

For the election of directors:

 

 

Name

 

For

 

Against

 
             
 

Stephen M. Merrick

 

1,850,846

 

404,458

 
             
 

Jeffrey S. Hyland

 

1,945,217

 

310,087

 
             
 

John H. Schwan

 

1,860,610

 

394,694

 
             
 

Stanley M. Brown

 

1,824,993

 

430,311

 
             
 

Bret Tayne

 

1,947,367

 

307,937

 
             
 

John I. Collins

 

1,939,570

 

315,734

 
             
 

John Klimek

 

1,925,299

 

330,005

 
             

 

 

 

2.

Approval of the 2018 Stock Incentive Plan:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

             

1,784,594

 

470,103

 

607

 

360,864

 

 

 

3.

Ratification of the Board of Directors selection of Plante & Moran, PLLC as the independent registered public accounting firm of the Company for 2018:

 

For

 

Against

 

Abstain

 
           

2,340,608

 

273,653

 

1,907

 

 

 

 

 

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, CTI Industries Corporation has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized, in the Village of Lake Barrington, Illinois, June 8, 2018.

 

 

 

CTI INDUSTRIES CORPORATION

 

 

 

 

 

By: 

/s/ Stephen M. Merrick

 

 

Stephen M. Merrick, Chief Executive Officer