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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
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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:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 8, 2023, Telos Corporation (the “Company”) held the annual meeting of its stockholders. Five matters were submitted to the holders of the Company’s Common Stock for their approval, which are described in detail in the Company’s Annual Proxy Statement for the 2023 Annual Meeting of Stockholders as filed with the Securities and Exchange Commission. The final results of voting for each matter submitted to a vote of the stockholders at the meeting were as follows:
1. The holders of the Company’s Common Stock elected seven directors to serve until the 2024 Annual Meeting of the stockholders or until their successors are elected and qualified. Each of the nominees received the affirmative vote of a plurality of the votes cast at the meeting. The final results of voting regarding the election of directors were as follows:
| FOR | WITHHELD | ||||||||||
| John B. Wood | 31,020,603 | 5,199,089 | |||||||||
| David Borland | 10,953,412 | 25,266,280 | |||||||||
| John W. Maluda | 34,136,677 | 2,083,015 | |||||||||
| Bonnie L. Carroll | 18,907,434 | 17,312,258 | |||||||||
| Derrick D. Dockery | 18,569,303 | 17,650,389 | |||||||||
| Bradley W. Jacobs | 33,759,663 | 2,460,029 | |||||||||
| Fredrick D. Schaufeld | 28,316,834 | 7,902,858 | |||||||||
2, The holders of the Company’s Common Stock voted to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The ratification received the affirmative vote of a majority of the votes cast at the meeting. The final results of voting regarding this proposal were as follows:
| FOR | AGAINST | ABSTAIN | |||||||||||||||
| Total shares voted | 49,418,407 | 221,448 | 121,568 | ||||||||||||||
3. The holders of the Company’s Common Stock voted to ratify Amendment No. 2 to the 2016 Omnibus Long-Term Incentive Plan, substantially in the form as provided in Exhibit A represented in the Proxy Statement, increasing the number of available shares by six million. The final results of the voting regarding this proposal were as follows:
| FOR | AGAINST | ABSTAIN | |||||||||||||||
| Total shares voted | 25,274,127 | 10,281,316 | 664,249 | ||||||||||||||
4. The holders of the Company’s Common Stock did not approve the proposed Board resolution, on an advisory basis, concerning the compensation of the named executive officers as disclosed in the Company’s Annual Proxy Statement. The say-on-pay advisory failed to receive the affirmative vote of a majority of the votes cast by the holders of the Company’s Common Stock present in person or represented by proxy at the annual meeting. The final results of voting regarding this proposal were as follows:
| FOR | AGAINST | ABSTAIN | |||||||||||||||
| Total shares voted | 9,667,043 | 25,872,490 | 680,159 | ||||||||||||||
5. The holders of the Company’s Common Stock voted to approve, on an advisory basis, “every year” for the frequency of the advisory vote on executive compensation. The final results of voting regarding this proposal were as follows:
| EVERY YEAR | EVERY 2 YEARS | EVERY 3 YEARS | ABSTAIN | ||||||||||||||||||||
| Total shares voted | 30,520,261 | 144,334 | 5,380,616 | 174,481 | |||||||||||||||||||
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S I G N A T U R E S
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.
| TELOS CORPORATION | |||||||||||
| By: | /s/ Mark Bendza | ||||||||||
| Mark Bendza | |||||||||||
| Chief Financial Officer | |||||||||||
Date: May 11, 2023
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