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): May 15, 2017

 

DSP GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)

 

Delaware
(State or Other Jurisdiction of Incorporation)

 

001-35256
(Commission File Number)

94-2683643
(I.R.S. Employer Identification No.)

   
   

161 S. San Antonio Road, Suite 10, Los Altos,

CA
(Address of Principal Executive Offices)

94022
(Zip Code)

 

 

408/986-4300
(Registrant’s Telephone Number, Including Area Code)

 

With a copy to:
Jaclyn Liu, Esq.
Morrison & Foerster 
llp
425 Market Street
San Francisco, CA 94105

 


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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company  ☐

 

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.  ☐

 

 
 

 

 

ITEM 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

 

At the 2017 Annual Meeting, the following proposals were submitted to a vote of stockholders and the voting results are set forth below. The proposals are described in detail in the proxy statement for the 2017 Annual Meeting that the Company filed with the Securities and Exchange Commission on April 10, 2017.

 

1.     Election of seven directors as specifically set forth below, each to serve until the 2017 annual meeting of stockholders:

 

Ofer Elyakim

For: 17,070,090

Withheld: 67,727

Broker Non-Vote:1,777,468

       

Thomas A. Lacey

For: 16,955,960

Withheld: 181,866

Broker Non-Vote: 1,777,468

       

Gabi Seligsohn

For: 17,064,242

Withheld: 73,584

Broker Non-Vote: 1,777,468

       

Yair Seroussi

For: 16,960,219

Withheld: 177,607

Broker Non-Vote: 1,777,468

       

Norman P. Taffe

For: 16,942,200

Withheld: 195,626

Broker Non-Vote: 1,777,468

       

Patrick Tanguy

For: 16,957,468

Withheld: 180,358

Broker Non-Vote: 1,777,468

       

Kenneth H. Traub

For: 17,008,019

Withheld: 129,807

Broker Non-Vote: 1,777,468

 

 

2.     Proposal to increase the number of shares authorized under the Amended and Restated 2012 Equity Incentive Plan by 650,000 shares:

 

For: 16,801,165

Against: 331,568

Abstain: 5,093

Broker Non-Vote: 1,777,468

 

 

3.     Proposal to ratify the appointment of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, as the Company’s independent auditors for the year ending December 31, 2017:

 

For: 18,683,198

Against: 229,333

Abstain: 2,763

Broker Non-Vote: 0

 

 

4.     Advisory vote to approve the Company’s named executive officers compensation:

 

For: 16,620,450

Against: 510,176

Abstain: 7,200

Broker Non-Vote: 1,777,468

 

 

5.     Proposal to recommend, in a non-binding vote, whether a non-binding stockholder vote to approve the compensation of the Company’s Named Executive Officers should occur every one, two or three years:

 

One Year   11,920,490

 Two Year 9,946  

Three Year 5,203,090

 

Abstained   4,300

 

Broker Non-Vote  1,777,468 

  

 
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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.

 

 

 

 

DSP GROUP, INC.

 

 

 

 

 

       

 

 

 

 

Date:     May 19, 2017

By:

/s/ Dror Levy

 

 

 

Dror Levy

 

 

 

Chief Financial Officer
and Secretary

 

 

 

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