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): June 21, 2013

 

CROSSROADS SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware 001-15331 74-2846643
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)

 

11000 North Mo-Pac Expressway

Austin, Texas 78759
(Address of principal executive offices)

 

(512) 349-0300
Registrant’s telephone number, including area code)

 

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 5.07Submission of Matters to a Vote of Security Holders.

 

The registrant held its 2013 Annual Meeting of Stockholders on June 21, 2013. The following is a summary of each matter voted upon at the 2013 Annual Meeting.

 

Proposal 1. Election of Directors

 

At the meeting, the registrant’s stockholders elected a board of directors consisting of the following four members to serve until the 2014 Annual Meeting, until their successors are elected and qualified or until their earlier death or resignation. The voting results were as follows:

 

    For    Withheld 
Richard K. Coleman, Jr.   3,358,230    364,637 
Jeffrey E. Eberwein   3,335,081    387,786 
Don Pearce   3,241,653    481,214 
Robert G. Pearse   3,358,005    364,862 

 

 

Proposal 2. Ratification of Independent Public Accounting Firm

 

The registrant’s stockholders ratified the appointment of PMB Helin Donovan, LLP as the registrant’s independent registered public accounting firm for the fiscal year ending October 31, 2013. The voting results were as follows:

 

 For    Against    Abstentions 
 9,139,275    30,319    2,593 

 

 

Proposal 3. Issuance of Common Stock

 

The registrant’s stockholders approved the issuance of common stock upon conversion of registrant’s 5.0% Series F Convertible Preferred Stock, upon a potential stock dividends on the registrant’s 5.0% Series Convertible Preferred Stock and upon exercise of the registrant’s warrants issued in its March 2013 private placement. The voting results were as follows:

 

 For    Against    Abstentions 
 3,596,509    110,540    15,818 

 

 
 

 

Proposal 4. Approval of Executive Compensation

 

The registrant’s stockholders approved, on an advisory basis, the compensation of the registrant’s named executive officers as described in the proxy statement. The voting results were as follows:

 

 For    Against    Abstentions 
 3,582,503    134,950    5,414 

 

 

Proposal 5. Frequency of Advisory Vote on Executive Compensation

 

The registrant’s stockholders recommended an advisory vote on executive compensation occur once every three (3) years. The voting results were as follows:

 

 1 year    2 years    3 years    Abstentions 
 1,320,485    26,281    2,261,411    114,690 

 

 

There were 5,449,320 broker non-votes on Proposals 1, 3, 4 and 5.

 

 
 

 

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.

 

 

  CROSSROADS SYSTEMS, INC.  
       
       
Date:  June 26, 2013 By: /s/ Jennifer Crane  
    Name:  Jennifer Crane  
    Title:  Chief Financial Officer