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):  October 11, 2018

 

ITERIS, INC.

(Exact name of registrant as specified in its charter)

 

 

1700 Carnegie Avenue, Suite 100, Santa Ana, California 92705

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (949) 270-9400

 

Not Applicable

(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:

 

o Written communications pursuant to Rule 425 under the Securities Act

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

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 o

 

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. o

 

 

 

Item 5.03                                                 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On October 11, 2018, Iteris, Inc. (the “Company”) held its 2018 Annual Meeting of Stockholders (the “Annual Meeting”).  At the Annual Meeting, the Company’s stockholders approved amendments to the Company’s Restated Certificate of Incorporation to (i) eliminate cumulative voting in the election of directors and (ii) adopt a majority voting standard for uncontested director elections, replacing plurality voting in uncontested elections.

 

On October 12, 2018, the Company filed a Restated Certificate of Incorporation with the Delaware Secretary of State to reflect the foregoing amendments, a copy of which is filed as Exhibit 3.1 hereto and incorporated herein by reference.

 

Item 5.07                      Submission of Matters to a Vote of Security Holders.

 

The total number of shares of the Company’s common stock represented in person or by proxy at the Annual Meeting was 31,311,352 or 94.19% of the issued and outstanding shares as of the record date for the Annual Meeting.  At the Annual Meeting, the Company’s stockholders (i) elected the seven persons set forth below under “Proposal One: Election of Directors” to the Company’s Board of Directors; (ii) approved the amendment and restatement of the Iteris, Inc. 2016 Omnibus Incentive Plan (“2016 Plan”), which includes an increase in the number of shares authorized under such 2016 Plan by 2,400,000 shares; (iii) approved an amendment to the Restated Certificate of Incorporation to eliminate cumulative voting in the election of directors; (iv) approved an amendment to the Restated Certificate of Incorporation to include a majority voting standard for uncontested director elections; and (v) ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2019.  The detailed voting results on matters submitted to a vote of the stockholders at the Annual Meeting were as follows:

 

Proposal One:  Election of Directors

 

Nominee		For		Against		Abstain		Broker Non-Votes
J. Joseph (“Joe”) Bergera		20,322,169		151,459		39,524		10,798,200
Kevin C. Daly, Ph.D.		18,366,801		2,121,027		25,324		10,798,200
Scott E. Deeter		18,735,970		1,734,779		42,403		10,798,200
Gerard M. Mooney		20,167,161		303,588		42,403		10,798,200
Laura L. Siegal		19,587,267		886,288		39,597		10,798,200
Thomas L. Thomas		18,718,292		1,753,245		41,615		10,798,200
Mikel H. Williams		19,081,502		1,392,347		39,303		10,798,200

 

Proposal Two:  Approval of the Amendment and Restatement of the Iteris, Inc. 2016 Omnibus Incentive Plan

 

For		Against		Abstain		Broker Non-Votes
17,724,594		1,596,261		1,192,297		10,798,200

 

Proposal Three:  Approval of the Amendment to Restated Certificate of Incorporation to Eliminate Cumulative Voting in the Election of Directors

 

For		Against		Abstain		Broker Non-Votes
18,940,208		1,546,709		26,235		10,798,200

 

Proposal Four:  Approval of the Amendment to Restated Certificate of Incorporation to Adopt Majority Voting Standard for Uncontested Director Elections

 

For		Against		Abstain		Broker Non-Votes
20,318,646		78,745		115,761		10,798,200

 

 

Proposal Five:  Ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2019

 

For		Against		Abstain		Broker Non-Votes
31,236,323		29,389		45,640		0

 

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Item 9.01                                           Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit		Description
3.1		Restated Certificate of Incorporation of Iteris, Inc.

 

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SIGNATURE

 

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.

 

Dated: October 12, 2018

 

	ITERIS, INC.,
	a Delaware corporation
	By:	/S/ ANDREW C. SCHMIDT
		Andrew C. Schmidt
		Chief Financial Officer

 

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