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 11, 2020
_______________________
AVIAT NETWORKS, INC.
(Exact name of registrant as specified in its charter)
______________________________________
| Delaware | 001-33278 | 20-5961564 | ||||||||||||
| (State or other jurisdiction | (Commission File | (I.R.S. Employer | ||||||||||||
| of incorporation) | Number) | Identification No.) | ||||||||||||
| 200 Parker Dr., Suite C100A, Austin, Texas 78728 | ||||||||||||||
| (Address of principal executive offices, including zip code) | ||||||||||||||
| (408)-941-7100 | ||||||||||||||
| Registrant’s telephone number, including area code | ||||||||||||||
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||||||||
| Common Stock, par value $0.01 per share | AVNW | NASDAQ Stock Market LLC | ||||||||||||
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 CFR 240.14d-2(b)) | ||||
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-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) | ||||
| ¨ | 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.
VOTING RESULTS OF FISCAL YEAR 2020 ANNUAL MEETING OF STOCKHOLDERS
The fiscal year 2020 Annual Meeting of Stockholders of the Company was held on November 11, 2020. For more information about the proposals set forth below, please see the Company's definitive Proxy Statement filed with the SEC on September 25, 2020. A total of 4,775,288 (or approximately 88.1%) of the Company's shares issued, outstanding and entitled to vote at the fiscal year 2020 Annual Meeting of Stockholders were represented in person or by proxy at the meeting. Set forth below are the final voting results for the proposals voted on at the fiscal year 2020 Annual Meeting of Stockholders.
(1) Proposal 1 - Election of Directors
| Number of Shares | ||||||||||||||||||||||||||
| Nominee | For | Against | Abstain | Broker Non-Votes | ||||||||||||||||||||||
| John Mutch | 3,805,120 | 123,511 | 6,784 | 839,873 | ||||||||||||||||||||||
| Dahlia Loeb | 3,809,895 | 118,876 | 6,644 | 839,873 | ||||||||||||||||||||||
| Kenneth Kong | 3,809,770 | 119,013 | 6,632 | 839,873 | ||||||||||||||||||||||
| John J. Quicke | 3,810,039 | 118,739 | 6,637 | 839,873 | ||||||||||||||||||||||
| Peter Smith | 3,810,133 | 118,938 | 6,344 | 839,873 | ||||||||||||||||||||||
| Dr. James C. Stoffel | 3,804,375 | 120,972 | 10,068 | 839,873 | ||||||||||||||||||||||
(2) Proposal 2 - Ratification of the appointment by the Audit Committee of BDO USA, LLP as the Company’s independent registered public accounting firm for fiscal year 2021.
| Number of Shares | ||||||||||||||||||||
| For | Against | Abstain | ||||||||||||||||||
| Proposal 2 | 4,714,124 | 42,822 | 18,342 | |||||||||||||||||
(3) Proposal 3- Advisory, non-binding vote to approve the Company’s named executive officer compensation.
| Number of Shares | ||||||||||||||||||||||||||
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||||||||
| Proposal 3 | 3,721,424 | 199,335 | 14,656 | 839,873 | ||||||||||||||||||||||
(4) Proposal 4- Approval of the Company’s tax benefit preservation plan.
| Number of Shares | ||||||||||||||||||||||||||
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||||||||
| Proposal 4 | 3,597,976 | 328,407 | 9,032 | 839,873 | ||||||||||||||||||||||
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.
| AVIAT NETWORKS, INC. | ||||||||||||||||||||
| November 13, 2020 | By: | /s/ Eric Chang | ||||||||||||||||||
| Name: | Eric Chang | |||||||||||||||||||
| Title: | Senior Vice President and Chief Financial Officer | |||||||||||||||||||