Industrial Services of America, Inc. - Form 8-K

 

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):  June 10, 2010

 

INDUSTRIAL SERVICES OF AMERICA, INC.
(Exact name of registrant as specified in its charter)

 

Florida

 

000-20979

 

59-0712746

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

P.O. Box 32428, Louisville, Kentucky

40232

(Address of principal executive offices)

(Zip Code)

 

Registrant's telephone number, including area code:  (502) 366-3452

 

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:

[ ]    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

 

            At the annual meeting of shareholders of Industrial Services of America, Inc. (the "Company") on June 10, 2010, shareholders: (1) elected each of the five Company nominees to serve a one year term on the Company's Board of Directors; (2) ratified the appointment of Mountjoy Chilton Medley LLP, as the Company's independent registered public accounting firm for the year ending December 31, 2010; (3) approved the reservation of 1,200,000 additional shares of common stock under the Company's long term incentive plan; and (4) approved the issuance of 300,000 shares of the Company's common stock for the purchase of certain intangible assets.  The results of the voting are shown below.  There were 1,376,350 broker non-votes for Proposal 1 and 1,394,926 broker non-votes for Proposals 3 and 4.

 

Proposal 1--Election of Board of Directors

 

Company Nominees

 

Votes For

 

Votes Withheld

Harry Kletter

 

1,358,039

 

17,405

Roman Epelbaum

 

1,357,041

 

18,403

Orson Oliver

 

1,356,241

 

19,203

Albert Cozzi

 

1,358,291

 

17,153

Brian Donaghy

 

1,356,859

 

18,585

 

 

Proposal 2--Ratification of Appointment of Independent Registered Public Accounting Firm

 

Votes For

 

Votes Against

 

Abstain

2,691,233

 

20,582

 

58,555

 

 

Proposal 3--Reservation of Additional Shares of Common Stock for Long Term Incentive Plan

 

Votes For

 

Votes Against

 

Abstain

1,199,116

 

158,153

 

18,175

 

 

Proposal 4--Issuance of Shares of Common Stock for the Purchase of Certain Intangible Assets

 

Votes For

 

Votes Against

 

Abstain

1,208,493

 

148,026

 

18,925

 

 

Item 9.01        Financial Statements and Exhibits

 

(d)       Exhibits

 

Exhibit No.                 Description

10.1                             Industrial Services of America, Inc. Long Term Incentive Plan (incorporated herein by reference to Annex A to the Company's Revised Proxy Statement on Schedule 14A, filed with the Commission on May 5, 2010).

 

 


 

 

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.

 

 

INDUSTRIAL SERVICES OF AMERICA, INC.

 

 

 

 

 

 

Date:  June 15, 2010

By:

/s/ Alan S. Schroering

 

 

Alan S. Schroering

 

 

Chief Financial Officer

 

 


 

 

EXHIBIT INDEX

 

Exhibit No.                 Description

10.1                             Industrial Services of America, Inc. Long Term Incentive Plan (incorporated herein by reference to Annex A to the Company's Revised Proxy Statement on Schedule 14A, filed with the Commission on May 5, 2010).