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: | March 14, 2023 |
| Micropac Industries, Inc. | ||
| (Exact name of registrant as specified in its charter) |
| Delaware | 0-5109 | 75-1225149 | ||||
| (State or jurisdiction of incorporation) | (Commission File Number) | (IRS employer Identification No.) |
| 905 East Walnut Street, Garland, Texas | 75040 | |||
| Address of principal executive offices | Zip Code |
| Registrant s telephone number, including area code: | (972) 272-3571 |
| N/A | ||
| (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 Instructions 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)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock, par value $0.10 per share | MPAD | Pink OTC Markets |
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).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07 Submission of Matters to a Vote of Security Holders.
On March 09, 2023, Micropac Industries, Inc. held its Annual Meeting. Of the 2,578,315 shares of common stock outstanding and entitled to vote, 2,079,293 shares, or 81%, were represented at the meeting in person or by proxy, and therefore a quorum was present. The final results for each of the matters submitted to a vote of stockholders at the Annual Meeting are as follows:
Proposal One: To elect six directors to serve until the next annual meeting of stockholders or until their respective successors are elected and qualified
| Nominee | Votes For | |
| Mark King | 2,062,646 | |
| Heinz-Werner Hempel | 2,062,646 | |
| Christine B. Dittrich | 2,053,646 | |
| Gerald Tobey | 2,062,646 | |
| Donald Robinson | 2,053,646 | |
| Shaunna Black | 2,061,796 |
Proposal Two: Advisory votes on compensation paid to named executives
| Approve | 2,073,960 | |
| Disapprove | 2,201 | |
| Abstain | 3,132 |
Proposal Three: Advisory votes on frequency of future advisory votes on executive compensation
| One Year | 69,897 | |
| Two Years | 5,052 | |
| Three Years | 1,758,455 | |
| Abstain | 0 |
Proposal Four: Adoption of the Micropac Industries, Inc. 2023 Equity Incentive Plan
| Approve | 2,006,714 | |
| Disapprove | 69,547 | |
| Abstain | 0 |
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.
| Dated 3/14/2023 | MICROPAC INDUSTRIES, INC. | |
| (Registrant) | ||
| /s/ Mark King | ||
| (Signature) | ||
| Mark King | ||
| Chief Executive Officer |
