| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Approval of Amended Employee Stock Purchase Plan and Amended Equity Incentive Plan
On May 15, 2024, the stockholders of Intevac, Inc. (“Intevac”) approved the amended Intevac 2003 Employee Stock Purchase Plan (the “2003 ESPP”). A description of the material terms of the 2003 ESPP is incorporated by reference to “Proposal Two—Approval of the Amended Intevac 2003 Employee Stock Purchase Plan to Increase the Number of Shares Reserved for Issuance Thereunder by 300,000 Shares” contained in Intevac’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 10, 2024 (the “Proxy Statement”).
On May 15, 2024, Intevac’s stockholders also approved the amended Intevac 2020 Equity Incentive Plan (the “2020 EIP”). A description of the material terms of the 2020 EIP is incorporated by reference to “Proposal Three—Approval of the Amended Intevac 2020 Equity Incentive Plan to Increase the Number of Shares Reserved for Issuance Thereunder by 900,000 Shares” contained in the Proxy Statement.
The 2003 ESPP and the 2020 EIP are attached as Appendix A and Appendix B, respectively, to the Proxy Statement and incorporated by reference herein.
| Item 5.07. |
Submission of Matters to a Vote of Security Holders. |
On May 15, 2024, Intevac held its 2024 annual meeting of stockholders (the “Annual Meeting”). The matters voted upon at the Annual Meeting and the results of such voting are set forth below:
Proposal 1: Election of Directors
Intevac’s stockholders elected the nominees listed below to serve on Intevac’s board of directors.
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Votes For |
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Votes Against |
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Abstentions |
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Broker Non-Votes |
| David S. Dury |
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19,640,356 |
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1,622,008 |
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6,955 |
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3,468,600 |
| Nigel D. Hunton |
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21,157,766 |
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104,598 |
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6,955 |
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3,468,600 |
| Kevin D. Barber |
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21,158,034 |
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104,330 |
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6,955 |
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3,468,600 |
| Dorothy D. Hayes |
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21,089,677 |
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172,687 |
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6,955 |
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3,468,600 |
| Michele F. Klein |
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20,961,426 |
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300,938 |
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6,955 |
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3,468,600 |
Proposal 2: Approval of the Amended Intevac 2003 Employee Stock Purchase Plan
Intevac’s stockholders approved the amended Intevac 2003 Employee Stock Purchase Plan to increase the number of shares reserved for issuance thereunder by 300,000 shares.
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| Votes For |
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Votes Against |
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Abstentions |
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Broker Non-Votes |
| 20,975,462 |
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286,588 |
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7,269 |
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3,468,600 |
Proposal 3: Approval of the Amended Intevac 2020 Equity Incentive Plan
Intevac’s stockholders approved the amended Intevac 2020 Equity Incentive Plan to increase the number of shares reserved for issuance thereunder by 900,000 shares.
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| Votes For |
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Votes Against |
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Abstentions |
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Broker Non-Votes |
| 16,978,203 |
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4,282,504 |
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8,612 |
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3,468,600 |
Proposal 4: Ratification of Appointment of Independent Auditors
Intevac’s stockholders ratified the appointment of BPM LLP as Intevac’s independent public accountants for the fiscal year ending December 28, 2024.
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| Votes For |
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Votes Against |
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Abstentions |
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Broker Non-Votes |
| 24,667,081 |
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66,842 |
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3,996 |
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— |