III 8-K
Information Services Group Inc. (III)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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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):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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ITEM 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
On April 27, 2023, Information Services Group, Inc. (“ISG” or the “Company”) held its 2023 Annual Meeting of Stockholders. Of the 48,408,104 shares outstanding and entitled to vote, 41,961,982 shares were represented at the meeting in person or by proxy, or an approximately 86.68% quorum. The final results of voting for each matter submitted to a vote of stockholders at the Annual Meeting are as follows:
Proposal 1: Election of Directors. The stockholders elected Neil G. Budnick and Gerald S. Hobbs as directors to hold office until the 2026 Annual Meeting of Stockholders and until their successors have been elected and have qualified to hold such office. The results of the election for each director are as follows:
| Directors | Votes Cast For | Votes Withheld | Broker Non-Votes | ||||||||
| Neil G. Budnick | 37,194,948 | 1,580,406 | 3,186,628 | ||||||||
| Gerald S. Hobbs | 35,151,274 | 3,624,080 | 3,186,628 | ||||||||
Proposal 2: Ratification of the appointment of PricewaterhouseCoopers LLP as Independent Registered Public Accounting Firm for 2023. The stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2023. The voting results are as follows:
| For | Against | Abstain | |||||||
| 41,567,687 | 390,974 | 3,321 | |||||||
Proposal 3: Non-Binding Advisory Vote on Executive Compensation. The stockholders approved, in a non-binding advisory vote, the compensation paid to the Company’s named executive officers as described in the Proxy Statement. The voting results are as follows:
| For | Against | Abstain | Broker Non-Votes | ||||||||||
| 33,846,627 | 4,750,498 | 178,229 | 3,186,628 | ||||||||||
Proposal 4: Non-Binding Advisory Vote on Frequency of Vote on Executive Compensation. The stockholders approved “one year” in a non-binding advisory vote, with respect to how frequently a stockholder vote to approve the compensation paid to our named executive officers should occur. The voting results are as follows:
| One Year | Two Years | Three Years | Abstain | Broker Non-Votes | |||||||||||||
| 36,988,398 | 15,363 | 1,600,324 | 171,269 | 3,186,628 | |||||||||||||
In accordance with Item 5.07(d) of Form 8-K, in light of these results, the Company now reports that it has determined that it will hold a non-binding advisory vote on executive compensation every year until the next required stockholder non-binding advisory vote on this matter, which, in accordance with applicable law, will occur no later than the Company’s Annual Meeting of Stockholders in 2029, unless the Board of Directors of the Company otherwise determines that a different frequency for such advisory votes is in the best interests of the stockholders of the Company.
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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.
| Dated: April 28, 2023 | INFORMATION SERVICES GROUP, INC. | |
| By: | /s/ Michael P. Connors | |
| Michael P. Connors | ||
| Chairman and Chief Executive Officer | ||
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