dpw20130813_8k.htm

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):  August 12, 2013

 

_______________

 

 

DIGITAL POWER CORPORATION

 (Exact name of registrant as specified in its charter)

 

94-1721931

001-12711

California

(IRS Employer Identification No.)

(Commission File Number)

(State or other jurisdiction of incorporation)

 

 

48430 Lakeview Blvd, Fremont, CA 94538-3158

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (510) 657-2635

 

 

(Former name or former address, if change 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:

 

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))

 

 
 

 

 

Item 5.07.

Submission of Matters to a Vote of Security Holders.

 

The annual meeting of shareholders (the “Annual Meeting”) of Digital Power Corporation (the “Company”) was held on August 12, 2013.  Five items were submitted to a vote of the shareholders, as described in detail in the Company’s Proxy Statement, dated June 28, 2013.  The following briefly describes the items submitted to a vote at the Annual Meeting and the results of the shareholders' vote.

 

 

(1)

The shareholders elected five (5) directors to the Board of Directors of the Company.  The vote regarding this item was as follows:

 

Director Nominee

Votes For

Votes Withheld

Ben-Zion Diamant

3,086,940

106,000

Amos Kohn

3,087,340

105,600

Haim Yatim

3,170,673

22,267

Robert O. Smith

3,089,440

103,500

Aaron Ben-Ze'ev

3,170,273

22,667

 

There were 2,686,256 broker non-votes with respect to the election of directors.

 

 

(2)

The shareholders approved the 2012 Stock Option Plan, as amended. The vote regarding this item was as follows:

 

Votes For

3,043,130

Votes Against

129,675

Votes Abstaining

20,135

 

There were 2,686,256 broker non-votes with respect to the approval of the 2012 Stock Option Plan, as amended.

 

 

(3)

The shareholders approved, on an advisory basis, the compensation paid to the Company’s named executive officers. The vote regarding this item was as follows:

 

Votes For

3,126,594

Votes Against

37,551

Votes Abstaining

28,795

 

There were 2,686,256 broker non-votes with respect to the advisory vote on executive compensation.

 

 

(4)

The shareholders voted, on an advisory basis, that an advisory vote on executive compensation should be held every three (3) years. The vote regarding this item was as follows:

 

 

Votes For

One (1) Year

152,694

Two (2) Year

10,106

Three (3) Year

3,024,740

Abstentions

5,400

 

There were 2,686,256 broker non-votes with respect to the advisory vote on the frequency of an advisory vote on executive compensation.

 

 

(5)

The shareholders ratified the appointment of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global Limited (“Kost Forer”), as the Company’s independent auditors for the fiscal year ending December 31, 2014.  The vote regarding this item was as follows:

 

Votes For

5,815,129

Votes Against

54,041

Votes Abstaining

10,026

 

There were zero broker non-votes with respect to the ratification of the appointment of Kost Forer as the Company’s independent auditors.

 

 
 

 

 

  

SIGNATURE

 

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.

 

     
    DIGITAL POWER CORPORATION  
        
  /s/ Amos Kohn  
   

By: Amos Kohn

 
   

Title: President & Chief Executive Officer

 

 

 

Dated: August 14, 2013