Current Report Filing (8-k)
04 May 2016 - 7:27PM
Edgar (US Regulatory)
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):
April 28, 2016
Patriot Scientific Corporation
(Exact name of registrant as specified in its
charter)
Delaware
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0-22182
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84-1070278
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(State of other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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2038 Corte Del Nogal, Suite 141
Carlsbad, CA 92011-1478
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(Address of Principal Executive Offices)
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Registrant’s telephone number, including area code:
(760) 795-8517
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Not Applicable
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(Former name or former address, if changed since last report)
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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):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
o
Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR.14d-2(b))
o
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.
Patriot Scientific Corporation (the “Company”)
held its 2015 Annual Meeting on April 28, 2016. Out of 401,392,948 shares of our Common Stock (as of the record date
of March 1, 2016) entitled to vote at the Annual Meeting, there were 272,113,297 shares present in person or represented by proxy,
representing 67.79% of the total outstanding shares of our Common Stock entitled to vote.
The final voting results of each proposal are
set forth below.
Proposal No. 1: Election of the Board of Directors
to serve until the Company’s 2016 Annual Meeting of Stockholders.
Directors
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Votes
For
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Votes
Withheld
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Broker
Non-Votes
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Gloria H. Felcyn
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41,370,296
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72,179,471
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158,563,530
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Carlton M. Johnson, Jr.
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40,689,890
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72,859,877
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158,563,530
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Clifford L. Flowers
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41,381,904
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72,167,863
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158,563,530
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Proposal No. 2: To ratify the appointment of KMJ Corbin &
Company LLP as our independent registered public accounting firm for the current fiscal year ending May 31, 2016.
Votes
For
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Votes
Against
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Abstain
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158,721,357
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90,511,107
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22,880,833
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Proposal No. 3: To approve, on an advisory basis, the compensation
of the named executive officers, as disclosed in our Proxy Statement for the 2015 Annual Meeting of Stockholders.
Votes For
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Votes
Against
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Abstain
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Broker
Non-Votes
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35,011,179
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73,581,618
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4,956,970
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158,563,530
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Proposal No. 4: To approve an amendment
to our certificate of incorporation, as amended, to effect a reverse stock split of shares of our issued and outstanding common
stock, par value of $0.00001 per share, at a ratio to be established by our board of directors in its discretion, of up to one
for fifteen (but not less than one for five).
Votes For
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Votes
Against
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Abstain
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116,156,573
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150,902,591
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5,054,133
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Proposal No. 5: To authorize the adjournment
of the 2015 Annual Meeting of Stockholders, if necessary to solicit additional proxies, in the event that there are not sufficient
votes at the time of the 2015 Annual Meeting of Stockholders to approve any of the foregoing proposals.
Votes
For
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Votes
Against
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Abstain
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127,024,344
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137,324,306
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7,764,647
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SIGNATURES
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.
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Patriot Scientific Corporation
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Date: May 4, 2016
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By:
/s/ Clifford L. Flowers
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Clifford L. Flowers
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Chief Financial Officer
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