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): May 26, 2022
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Registrant’s telephone number, including area code: (407 ) 333-9911
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Securities registered pursuant to Section 12(b) of the Act:
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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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 26, 2022, the stockholders of FARO Technologies, Inc. (the “Company”) approved the adoption of the FARO Technologies, Inc. 2022 Equity Incentive Plan (the “Plan”). The terms of the Plan, filed as Appendix B to the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 15, 2022, and the description of the Plan, contained in Proposal 4 of such proxy statement, are incorporated herein by reference in their entirety.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 26, 2022, the Company held its 2022 Annual Meeting of Shareholders (the "Annual Meeting") to consider and vote on the four proposals set forth below, each of which is described in greater detail in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 15, 2022. The final voting results from the Annual Meeting are set forth below.
Proposal 1 - Election of directors
The holders of the Company's common stock elected the following directors, each to serve for a three-year term expiring at the Company's 2025 Annual Meeting of Shareholders, and until his or her successor has been duly elected and qualified, subject to his or her earlier death, resignation or removal. The results of such vote were as follows:
| Name | Votes For | Votes Withheld | Broker Non-Votes | ||||||||
| Moonhie Chin | 16,221,687 | 526,561 | 435,240 | ||||||||
| John Donofrio | 14,948,007 | 1,800,241 | 435,240 | ||||||||
| Yuval Wasserman | 15,213,154 | 1,535,094 | 435,240 | ||||||||
Proposal 2 - Ratification of independent registered public accounting firm
The holders of the Company's common stock ratified the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2022 by the following count:
| Votes For | Against | Abstain | ||||||
| 17,037,421 | 141,570 | 4,497 | ||||||
Proposal 3 - Approval, on a non-binding, advisory basis, of the compensation of the Company's named executive officers
The holders of the Company's common stock approved, on a non-binding, advisory basis, the compensation of the Company's named executive officers, by the following count:
| Votes For | Against | Abstain | Broker Non-Votes | ||||||||
| 10,646,518 | 6,088,329 | 13,401 | 435,240 | ||||||||
Proposal 4 - Approval of the Company's 2022 Equity Incentive Plan
The holders of the Company’s common stock approved the Company’s 2022 Equity Incentive Plan by the following count:
| Votes For | Against | Abstain | Broker Non-Votes | ||||||||
| 16,327,774 | 417,088 | 3,386 | 435,240 | ||||||||
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
EXHIBIT INDEX
| Exhibit Number | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FARO Technologies, Inc. | ||||||||||||||||||||||||||
| May 27, 2022 | /s/ Allen Muhich | |||||||||||||||||||||||||
| By: | Allen Muhich | |||||||||||||||||||||||||
| Its: | Chief Financial Officer | |||||||||||||||||||||||||
(Duly Authorized Officer and Principal Financial Officer) | ||||||||||||||||||||||||||