UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 3, 2020

 

OMEGA FLEX, INC.

(Exact name of registrant as specified in charter)

 

Pennsylvania   000-51372   23-1948942
(State or other jurisdiction   (Commission   (I.R.S. Employer
of incorporation)   File Number)   Identification No.)

 

451 Creamery Way,

Exton, Pennsylvania, 19341

(Address of Principal Executive Offices)

 

Registrant’s telephone number, including area code: 610-524-7272
 
 
 
(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:

 

[  ] 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))

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.01 per share   OFLX   NASDAQ Global Market

 

 

 

   
 

 

INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS - This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements as to management’s good faith expectations and beliefs, which are subject to inherent uncertainties which are difficult to predict, and may be beyond the ability of the Company to control. Forward-looking statements are made based upon management’s expectations and belief concerning future developments and their potential effect upon the Company. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management.

 

The words “believes,” “expects,” “intends,” “plans,” “anticipates,” “hopes,” “likely,” “will,” and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company (or entities in which the Company has interests), or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements.

 

Readers are cautioned not to place undue reliance on these forward-looking statements which reflect management’s view only as of the date of this Form 8-K. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements which may be made to reflect events or circumstance after the date hereof or to reflect the occurrence of unanticipated events, conditions or circumstances. For additional information about risks and uncertainties that could adversely affect the Company’s forward-looking statements, please refer to the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and the Quarterly Report on Form 10-Q for the period ended March 31, 2020.

 

Item 5.07. Submission of Matters to a Vote of Security Holders

 

On June 3, 2020, the Company held its Annual Meeting of Shareholders at which three proposals were voted upon:

 

  1. the election of three class 3 directors for a three-year term,
  2. ratification of appointment of independent auditors, and
  3. approval of a shareholder proposal on majority voting for directors.

 

Proposal 1 – Election of Directors. The following persons were duly elected to serve, subject to the Company’s by-laws, as directors of the Company for a three-year term expiring at the 2022 annual shareholders’ meeting, or until election and qualification of their successors:

 

Director  Kevin R. Hoben   Mark F. Albino   James M. Dubin 
Votes in Favor   8,675,343    8,626,259    7,001,058 
Votes Withheld   31,017    80,101    1,705,302 
Broker Non-Votes   1,264,939    1,264,939    1,264,939 

 

   
 

 

Proposal 2 – Ratification of Independent Auditors.

 

The proposal to ratify the appointment by the Audit Committee of the Board of Directors of independent auditors to audit the Company’s financial statements for the year ending December 31, 2020 was ratified by the shareholders:

 

For   9,967,960 
Against   1,288 
Abstain   2,051 

 

Proposal 3 – Shareholder Proposal.

 

The shareholder proposal to change the company’s organizational documents to require majority voting for election of directors was not approved:

 

For   2,404,780 
Against   6,290,325 
Abstain   11,254 
Non-Votes   1,264,939 

 

Item 9.01. Financial Statement and Exhibits

 

(a) none

(b) none

(c) none

(d) none

 

   
 

 

SIGNATURES

 

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  OMEGA FLEX, INC.
  (Registrant)
     
Date: June 4, 2020 By: /s/ Paul J. Kane
    Paul J. Kane
    Vice President – Finance
    (Chief Financial Officer)