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 23, 2013 (July 17, 2013)
IVEDA SOLUTIONS, INC.
(Exact Name of Registrant as Specified in Its Charter)
| Nevada | 000-53285 | 20-2222203 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
|
1201 South Alma School Road, Suite 8500 Mesa, Arizona |
85210 | |
| (Address of Principal Executive Offices) | (Zip Code) |
(480) 307-8700
(Registrant’s Telephone Number, Including Area Code)
(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 (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| o | 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 |
On July 17, 2013, Iveda Solutions, Inc. (the “Company”) held its 2013 Annual Meeting of Stockholders (the “Annual Meeting”) at its executive offices located at 1201 South Alma School Road, Mesa, Arizona 85210. A total of 25,117,548 shares of the Company’s common stock outstanding and entitled to vote were present at the meeting in person or by proxy. The results of the items voted on at the Annual Meeting are as follows:
|
Proposal 1: Election of Directors |
Votes For | Votes Withheld | Broker Non-Votes |
| Mr. David Ly | 14,032,066 | 0 | 0 |
| Mr. Joseph Farnsworth | 14,032,066 | 0 | 0 |
| Mr. Gregory Omi | 14,032,066 | 0 | 0 |
| Mr. James Staudohar | 14,032,066 | 0 | 0 |
| Mr. Robert Gillen | 14,032,066 | 0 | 0 |
| Mr. Chen-Ho (Alex) Kuo | 14,032,066 | 0 | 0 |
| Mr. Alejandro Franco | 14,032,066 | 0 | 0 |
The Company’s directors are elected by a plurality of the votes cast. Accordingly, each of the nominees named above was elected.
|
Proposal 2: Ratification of Albert Wong & Co. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2013 |
Votes For | Votes Against | Votes Abstaining | Broker Non-Votes |
| 13,783,066 | 81,500 | 167,500 | 0 |
The vote required to approve this proposal was the affirmative vote of a majority of shares represented at the meeting. Accordingly, this proposal was approved.
|
Proposal 3: Advisory (non-binding) vote to approve executive compensation, as described in the proxy statement for the Annual Meeting |
Votes For | Votes Against | Votes Abstaining | Broker Non-Votes |
| 13,777,566 | 50,000 | 204,500 | 0 |
The vote required to approve this proposal was the affirmative vote of a majority of shares represented at the meeting. Accordingly, this proposal was approved.
|
Proposal 4: Advisory (non-binding) vote on frequency of future advisory votes to approve executive compensation |
Votes For Every One Year | Votes For Every Two Years | Votes For Every Three Years | Votes Abstaining | Broker Non-Votes |
| 13,279,420 | 430,000 | 10,000 | 312,646 | 0 |
The Board of Directors has determined, in light of the results of the vote on this item, that the Company will hold an advisory vote on executive compensation every one year until the next required vote on the frequency of advisory votes on executive compensation.
SIGNATURES
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.
|
IVEDA SOLUTIONS, INC. (Registrant) | ||
| Date: July 23, 2013 | By: | /s/ Luz Berg |
|
Luz Berg Chief Operating Officer and Corporate Secretary | ||