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 7, 2015

 

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):

 

¨   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

 

On August 7, 2015 Iveda Solutions, Inc. (the “Company”) held its 2015 Annual Meeting of Stockholders (the “Annual Meeting”) at its executive offices located at 1201 South Alma School Road, Mesa, Arizona 85210. A total of 18,534,189 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

 

Director Nominees Votes For Votes Against Votes Withheld Broker Non-Votes
Mr. David Ly 14,574,849 0 702,215 3,257,125
Mr. James Staudohar 14,540,574 0 736,490 3,257,125
Mr. Gregory Omi 14,446,574 0 830,490 3,257,125
Mr. Joseph Farnsworth 14,378,837 0 898,227 3,257,125
Mr. Robert Gillen 14,455,849 0 821,215 3,257,125
Mr. Chen-Ho (Alex) Kuo 14,480,849 0 796,215 3,257,125
Mr. Alejandro Franco 14,480,849 0 796,215 3,257,125

 

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 AWC (CPA) Limited as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2015

Votes For Votes Against Votes Abstaining Broker Non-Votes
  18,097,101 313,682 123,406 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
  14,243,738 711,532    321,794 3,257,125

 

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.

 

   

 

 

Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

Effective August 11, 2015, James D. Staudohar, a member of the Board of Directors of Iveda Solutions, Inc. (the "Company"), resigned as a director.  There was no disagreement, as defined in 17 CFR 240.3b-7, between the Registrant and Mr. Staudohar at the time of Mr. Staudohar’s resignation from the Board of Directors.  

 

 

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: August 13, 2015 By:

/s/ Robert J. Brilon

 
   

Robert J. Brilon

President and Chief Financial Officer