Universal Stainless & Alloy Products Inc. Files Form 8-K with SEC

Strategic Insights -

Universal Stainless & Alloy Products, Inc., a Delaware-based company, filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) on May 5, 2023. The filing covered the company's 2023 Annual Meeting of Stockholders, which took place on May 3, 2023. The meeting involved the election of directors, advisory votes on executive compensation, and the ratification of the company's independent registered public accountant.

Key Takeaways:

  • Dennis M. Oates, Christopher L. Ayers, Judith L. Bacchus, M. David Kornblatt, and Udi Toledano were elected as directors, with each receiving over 75% of the votes cast.
  • The advisory vote on executive compensation was approved, with 91.5% of the votes cast in favor.
  • The advisory vote on the frequency of advisory, non-binding stockholder votes to approve executive compensation was not considered, as the company has determined to hold such a vote each year until the next stockholder vote on frequency.
  • The appointment of Schneider Downs & Co., Inc. as the company's independent registered public accountant for 2023 was ratified, with 98.2% of the votes cast in favor.

Statistics:

  • Total shares voted: 7,111,814
  • Shares voted for each director election: over 4,700,000
  • Percentage of votes cast in favor of executive compensation: 91.5%
  • Percentage of votes cast in favor of the appointment of Schneider Downs & Co., Inc.: 98.2%

Sources:

  • Universal Stainless & Alloy Products, Inc. - Form 8-K (Current Report) - May 5, 2023 - SEC Filing
  • U.S. Securities and Exchange Commission - Rule 237 - May 5, 2023