P10 Industries, Inc. 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
May 17, 2012
Active Power, Inc.
(Exact name of registrant as specified in its charter)
2128 W. Braker Lane, BK12
Austin, Texas 78758
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
(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:
At the Annual Meeting of Stockholders (the “Annual Meeting”) of Active Power, Inc. (the “Company”), held on May 17, 2012, the Company’s stockholders approved an amendment to the Company’s 2010 Equity Incentive Plan (the “Plan”) to add 8,500,000 shares to the total number of shares of the Company’s common stock reserved for issuance under the Plan (the “Plan Amendment”). The Board of Directors of the Company previously approved the Plan Amendment on March 7, 2012, subject to stockholder approval.
The terms and conditions of the Plan and the effect of the Plan Amendment are more fully described in Active Power’s Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 11, 2012.
The information contained in Item 5.02 above is hereby incorporated by reference. At the Annual Meeting, the stockholders of the Company re-elected the following individuals as Class III Directors to serve on the Board of Directors. Each Class III Director will serve until the Company’s 2015 Annual Meeting, or until his successor is duly elected and qualified.
The stockholders of the Company also elected the following individual as a Class II Director to serve on the Board of Directors until the Company’s 2014 Annual Meeting, or until his successor is duly elected and qualified.
In addition, stockholders voted on the matters set forth below at the Company’s Annual Meeting.
1. A non-binding advisory vote to approve the compensation of the Company’s named executive officers was approved based upon the following votes:
2. A proposal to ratify the appointment of Grant Thornton LLP as the Company’s independent auditor for the fiscal year ending December 31, 2012 was approved based upon the following votes:
3. An amendment to the Company’s 2010 Equity Incentive Plan to increase the number of shares available for issuance thereunder was approved based upon the following votes:
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.