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):  December 15, 2016

 

ITERIS, INC.

(Exact name of registrant as specified in its charter)

 

 

1700 Carnegie Avenue, Suite 100, Santa Ana, California  92705

(Address of principal executive offices)  (Zip Code)

 

Registrant’s telephone number, including area code:  (949) 270-9400

 

Not Applicable

(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:

 

o  Written communications pursuant to Rule 425 under the Securities Act

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

 

 

Item 5.03                                                 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On December 15, 2016, Iteris, Inc. (the “Company”) held its 2016 Annual Meeting of Stockholders (the “Annual Meeting”) and at the Annual Meeting, the Company’s stockholders approved an amendment to the Company’s bylaws (“Bylaws”), changing the size of the Board of Directors to not less than six (6) nor more than eleven (11) members, with the exact number to be initially set at six (6) (the “Bylaw Amendment”).  Prior to the Bylaw Amendment, the Bylaws had the size of the Board of Directors was not less than seven (7) nor more than eleven (11) members.  The Bylaw Amendment was effective December 15, 2016.

 

The foregoing description of the Bylaw Amendment does not purport to be complete and is qualified in the entirety by reference to the Bylaws filed as Exhibit 3.1 hereto and incorporated herein by reference.

 

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

 

The total number of shares of the Company’s common stock represented in person or by proxy at the Annual Meeting held on December 15, 2016 was 28,920,894 or 89.85% of the issued and outstanding shares as of the record date for the Annual Meeting.  At the Annual Meeting, the Company’s stockholders (i) amended the Company’s bylaws to change the size of the Board of Directors to not less than six (6) nor more than eleven (11) members, with the exact number to be initially set at six (6); (ii) elected the six persons set forth below under “Proposal Two: Election of Directors” to the Company’s Board of Directors; (iii) approved the 2016 Omnibus Incentive Plan; (iv) approved, by advisory vote, the compensation of our named executive officers, (v) ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2017; and (vi) ratified the prior grant to Joe Bergera, the Company’s Chief Executive Officer, of an option to purchase eight-hundred fifty thousand (850,000) shares of the Company’s common stock.  The detailed voting results on matters submitted to a vote of the stockholders at the Annual Meeting held on December 15, 2016 were as follows:

 

Proposal One:  Amend the Bylaws to change the size of the Board of Directors to not less than six (6) nor more than eleven (11) members, with the exact number to be initially set at six (6).

 

For		Against		Abstain		Broker Non-Votes
17,330,796		1,954,504		19,736		9,615,858

 

Proposal Two:  Election of the slate of Directors

 

Nominee		For		Withheld		Broker Non-Votes
Joe Bergera		18,795,542		509,494		9,615,858
D. Kyle Cerminara		13,853,105		5,451,931		9,615,858
Kevin C. Daly, Ph.D.		18,429,901		875,135		9,615,858
Gerard M. Mooney		18,800,583		504,453		9,615,858
Thomas L. Thomas		18,434,553		870,483		9,615,858
Mikel H. Williams		18,526,893		778,143		9,615,858

 

Proposal Three:  Approval of the 2016 Omnibus Incentive Plan

 

For		Against		Abstain		Broker Non-Votes
15,264,199		3,339,824		701,013		9,615,858

 

Proposal Four:  Approval, by advisory vote, of the compensation of Company’s named executive officers

 

For		Against		Abstain		Broker Non-Votes
15,729,761		3,338,034		237,241		9,615,858

 

Proposal Five:  Ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2017

 

For		Against		Abstain		Broker Non-Votes
28,840,541		19,257		61,096		0

 

Proposal Six:  Ratification of the prior grant to Mr. Joe Bergera, the Company’s Chief Executive Officer, of an option to purchase 850,000 shares of common stock

 

For		Against		Abstain		Broker Non-Votes
15,735,820		3,482,556		86,660		9,615,858

 

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Item 9.01                                                 Financial Statements and Exhibits.

 

(d)                                 Exhibits

 

	Exhibit
	No.		Description
	3.1		Certificate of Amendment to Bylaws of Iteris, Inc. (effective December 15, 2016)

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated:  December 21, 2016

 

	ITERIS, INC.,
	a Delaware corporation
	By:	/S/ ANDREW SCHMIDT
		Andrew Schmidt
		Chief Financial Officer

 

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