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$MPTI·8-K

M-tron Industries, Inc. · Jun 18, 5:05 PM ET

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M-tron Industries, Inc. 8-K

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M-tron Industries Reports 2026 Annual Meeting Results

What Happened

  • M-tron Industries, Inc. held its 2026 Annual Meeting of Stockholders on June 16, 2026 and filed Form 8-K reporting the results on June 18, 2026. Stockholders approved four proposals: the election of seven directors, an advisory vote on named executive officer compensation, approval of the Second Amended and Restated 2022 Incentive Plan, and ratification of PKF O'Connor Davies, LLP as the company’s independent auditor for fiscal 2026.
  • Director vote totals (For / Withheld / Broker non-votes):
    • Ivan Arteaga: 2,010,287 / 46,280 / 1,035,137
    • Marc Gabelli: 1,495,544 / 561,023 / 1,035,137
    • David M. Goldman: 2,005,745 / 50,822 / 1,035,137
    • Robert V. La Penta Jr.: 1,962,075 / 94,492 / 1,035,137
    • Bel Lazar: 1,945,702 / 110,865 / 1,035,137
    • John S. Mega: 1,737,402 / 319,165 / 1,035,137
    • Hendi Susanto: 2,006,070 / 50,497 / 1,035,137

Key Details

  • Advisory vote on executive compensation (Proposal 2): For 2,006,857; Against 43,740; Abstain 5,970; Broker non‑votes 1,035,137.
  • Approval of Second Amended & Restated 2022 Incentive Plan (Proposal 3): For 1,396,029; Against 531,891; Abstain 128,647; Broker non‑votes 1,035,137.
  • Ratification of auditor (Proposal 4): For 3,069,703; Against 646; Abstain 21,355; no broker non‑votes reported for this ratification.
  • The definitive proxy describing these proposals was filed on Schedule 14A on April 30, 2026.

Why It Matters

  • Board continuity: Re-election of all seven directors ensures the current board remains in place through the 2027 annual meeting.
  • Governance and compensation: The advisory "say-on-pay" passed, indicating shareholder support for the company’s named executive officer compensation.
  • Equity programs and dilution: Approval of the amended 2022 Incentive Plan allows the company to continue granting equity-based awards, which can affect future dilution and executive incentives.
  • Audit continuity: Ratifying PKF O'Connor Davies maintains the auditor relationship for 2026, supporting consistency in financial reporting.

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