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

 

Date of Report (Date of earliest event reported): June 3, 2016

 

CTI INDUSTRIES CORPORATION

(Exact name of registrant as specified in its charter)

 

Illinois

(State or other jurisdiction of incorporation)

 

000-23115  36-2848943
(Commission File Number)  (IRS Employer Identification No.)
    
22160 N. Pepper Road Lake Barrington, Illinois  60010 
(Address of principal executive offices)  (ZipCode)

 

Registrant’s telephone number, including area code: (847) 382-1000

 

                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 (see General Instruction A.2. below):

 

¨   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

 

The Annual Meeting of Stockholders of CTI Industries Corporation (the “Company”) was held on Friday, June 3, 2016 at 8:30 a.m. Central Daylight Savings Time at the corporate headquarters of the Company located at 22160 N. Pepper Road, Lake Barrington, Illinois.

 

The following actions were submitted and approved by a vote of the stockholders of the Company:

 

1.Election of six directors;

 

2.Ratification of the Board’s selection of Plante & Moran, PLLC as the independent registered public accounting firm of the Company for 2016;

 

3.Approval, by non-binding vote, of named executive officer compensation.

 

Stockholders of record at the close of business on April 20, 2016 were entitled to vote. A total of 2,618,745 shares were represented by proxy or in person at the Annual Meeting, which constituted 77.67% of the Company’s issued and outstanding shares of common stock. These shares were voted on the matters presented at the Annual Meeting as follows:

 

1.For the election of directors:

 

Name

  

For

  

Against

   Abstentions and
Broker Non-Votes
             
John H. Schwan   2,084,625   74,679   459,441
             
Stephen M. Merrick   2,106,509   52,795   459,441
             
Stanley M. Brown   2,098,479   60,825   459,441
             
Bret Tayne   2,130,504   28,800   459,441
             
John I. Collins   2,130,504   28,800   459,441
             
John Klimek   2,130,274   29,030   459,441

 

 

 

 

2.Ratification of the Board of Directors selection of Plante & Moran, PLLC as the independent registered public accounting firm of the Company for 2016.

 

For

  

Against

   Abstentions and
Broker Non-Votes
         
2,613,999   4,739   7

 

3.Approval, by non-binding vote, of named executive officer compensation.

 

For

  

Against

   Abstentions and
Broker Non-Votes
         
2,154,492   4,605   459,441

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, CTI Industries Corporation has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized, in the Village of Lake Barrington, Illinois, June 3, 2016.

 

  CTI INDUSTRIES CORPORATION  
     
     
  By:  /s/ Stephen M. Merrick  
    Stephen M. Merrick
President