UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): | May 16, 2017 | |
| LAWSON PRODUCTS, INC. |
| (Exact name of registrant as specified in its charter) |
| Delaware | 0-10546 | 36-2229304 | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
| 8770 W. Bryn Mawr Ave., Suite 900, Chicago, Illinois | 60631 | |
| (Address of principal executive offices) | (Zip Code) | |
| (Registrant's telephone number, including area code) | (773) 304-5050 | |
| 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:
[ ] 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.
Lawson Products, Inc. (the "Company") held a vote at the 2017 Annual Meeting of Stockholders on May 16, 2017. Out of the 8,835,810 voting shares outstanding, the holders of 8,569,872 shares of the Company’s common stock were represented in person or by proxy to vote on the following proposals:
Proposal 1: Election of Directors
Directors Ronald B. Port. M.D., Wilma J. Smelcer and J. Bryan King were elected to serve until the 2020 Annual Meeting of Stockholders. Of the 8,569,872 shares present in person or represented by proxy at the meeting, Ronald B. Port. M.D. received 7,537,455 votes, Wilma J. Smelcer received 7,235,320 votes and J. Bryan King received 7,537,306.
Proposal 2: Ratification of the Appointment of BDO USA, LLP
A proposal to ratify the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2017, was approved. Of the 8,569,872 shares present in person or represented by proxy at the meeting, 8,120,600 shares were voted for the proposal, 34,264 shares were voted against the proposal and 415,008 shares abstained from voting with respect to the proposal.
Proposal 3: Advisory Vote to Approve Named Executive Officer Compensation
An advisory proposal to approve the compensation of the Company’s Named Executive Officers was approved. Of the 8,569,872 shares present or represented by proxy at the meeting, 7,576,589 shares were voted for the proposal, 26,310 shares were voted against the proposal and 1,708 shares abstained from voting with respect to the proposal. There were 965,265 broker non-votes.
Proposal 4: Non-binding Proposal Regarding Frequency of Vote on Executive Compensation
An advisory proposal to select the frequency of the advisory vote on the compensation of the Company’s Named Executive Officers was voted on. Of the 8,569,872 shares present or represented by proxy at the meeting, 4,164,434 shares were voted for one year, 11,655 shares were voted for two years, 3,426,105 shares were voted for three years and 2,488 shares abstained from voting with respect to the proposal. There were 965,190 broker non-votes.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LAWSON PRODUCTS, INC. | |||
| (Registrant) | |||
| Date: | May 18, 2017 | By: /s/ Neil E. Jenkins | |
| Name: Neil E. Jenkins | |||
| Title: Executive Vice President, Secretary and General Counsel | |||