Form 8-K CHINA AUTOMOTIVE SYSTEMS For: Jul 18

July 19, 2019 6:04 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

 

 

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): July 18, 2019

 

China Automotive Systems, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware 000-33123 33-0885775

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(I.R.S. Employer

Identification No.)

 

D8 Henglong Building, Optics Valley Software Park

No. 1 Guanshan First Avenue, Wuhan City

Hubei Province

The People’s Republic of China

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code (86) 27-8757-0028

 

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))

 

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 provided pursuant to Section 13(a) of the Exchange Act. ¨

 

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, $0.0001 par value   CAAS   The Nasdaq Capital Market

 

 

 

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

The 2019 annual meeting of stockholders of China Automotive Systems, Inc. (the “Company”) was held on Thursday, July 18, 2019 at the Fourth Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, the People’s Republic of China.  Of the 32,338,302 shares of the Company’s common stock entitled to vote at the meeting, 28,526,812 shares, or 88.21%, were represented at the meeting in person or by proxy, constituting a quorum.  The voting results are presented below.

 

  1. Election of Directors

 

The Company’s shareholders elected the five nominees below to hold office until the 2020 annual meeting of shareholders and until their successors are elected and qualified.  Each of the nominees received more than a majority of the votes cast.  The votes regarding the election of directors were as follows:

 

Nominee   For    

Authority

Withheld

   

Broker

Non-Votes

 
                   
Hanlin Chen   23,427,527     1,144,792     3,954,493  
Qizhou Wu   23,434,532     1,137,787     3,954,493  
Guangxun Xu   23,328,831     1,243,488     3,954,493  
Heng Henry Lu   23,363,691     1,208,628     3,954,493  
Tong Kooi Teo     23,364,091     1,208,228     3,954,493  

 

  2. Approval of an advisory (non-binding) proposal concerning the Company’s named executive officer compensation program

 

The approval of an advisory (non-binding) proposal concerning the Company’s named executive officer compensation program was ratified and approved by the following votes:

 

  For   Against   Abstained   Broker Non-Vote
             
23,434,974   1,064,364   72,981   3,954,493 

 

  3. Approval of an advisory (non-binding) vote concerning the frequency of holding future advisory votes on executive compensation

 

The approval of an advisory (non-binding) vote concerning the frequency of every two years for holding future advisory votes on executive compensation was ratified and approved by the following votes:

 

  For   Against   Abstained   Broker Non-Vote
             
19,207,259   4,751,374   613,686   3,954,493  

 

 

  4.   Ratification and Approval of the Appointment of Independent Auditor

 

The appointment of PricewaterhouseCoopers Zhong Tian LLP as the Company’s independent auditors for the fiscal year ending December 31, 2019 was ratified and approved by the following votes:

 

  For   Against   Abstained   Broker Non-Vote
             
27,551,456   596,152   379,204   -

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  China Automotive Systems, Inc.  
  (Registrant)  
       
Date:  July 19, 2019 By:   /s/ Hanlin Chen  
    Hanlin Chen  

 

 



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings