SAN DIEGO, June 20, 2016 /PRNewswire/ -- Maxwell
Technologies, Inc. (NASDAQ: MXWL) ("the Company") announced the voting results from its 2016 Annual Meeting of Stockholders held
Wednesday, June 15, 2016, in San Diego, CA (the "Meeting").
A total of 31,950,224 common shares were represented at the Meeting, either in person or by proxy, representing approximately
79.10% of the issued and outstanding common shares of the Company.
Results of the vote were as follows:
Proposal 1:
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Elect two Class II members to the Board of Directors to serve until the
2019 Annual Meeting of Stockholders or until their successors are duly elected and qualified.
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APPROVED
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Proposal 2:
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Ratify the appointment of BDO USA, LLP as the Company's independent
registered public accounting firm for the fiscal year ending December 31, 2016.
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APPROVED
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Proposal 3:
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Approve an amendment to the Company's Restated Certificate of Incorporation
to increase the total number of authorized shares of common stock from 40,000,000 shares to 80,000,000 shares.
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APPROVED
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Proposal 4:
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Approve an amendment to the Company's Restated Certificate of Incorporation
to declassify the Board of Directors and to provide that directors may be removed with or without cause.
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NOT APPROVED
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Proposal 5:
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Approve an increase in the number of shares of common stock reserved for
issuance under the 2013 Omnibus Equity Incentive Plan by 2,400,000 shares.
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APPROVED
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Proposal 6:
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Approve, on an advisory basis, the compensation of the Company's named
executive officers as set forth in the Executive Compensation section of the Company's 2016 Proxy Statement.
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APPROVED
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For full details regarding Company's voting results please see the Company's report on voting results, filed via Form 8-K,
under the "SEC filings" section at http:investors.maxwell.com.
Following the 2016 Annual Meeting of Stockholders, the Company's board of directors appointed David
Schlotterbeck as Chairman.
A replay of the 2016 Annual Meeting of Stockholders meeting may be accessed via the following link: http:investors.maxwell.com
About Maxwell: Maxwell is a global leader in the development and manufacture of innovative, cost-effective energy
storage and power delivery solutions. Our ultracapacitor products provide safe and reliable power solutions for applications in
consumer and industrial electronics, transportation and telecommunications. Our high-voltage grading and coupling capacitors help
to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution
and measurement of high-voltage electrical energy. For more information, please visit our website: www.maxwell.com.
Media & Investor Contact:
Amy Wakeham
858-503-3359
awakeham@maxwell.com
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SOURCE Maxwell Technologies, Inc.