form8k-2011results.htm

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) June 14, 2011

GSE SYSTEMS, INC.
(Exact name of registrant as specified in its charter)


Delaware
001-14785
52-1868008
(State or other jurisdiction
(Commission File Number)
(I.R.S. Employer
of incorporation)
 
Identification No.)


1332 Londontown Blvd., Suite 200, Sykesville, MD 21784
(Address of principal executive office and zip code)


(410) 970-7800
Registrant's telephone number, including area code



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))

 
 

 

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


On June 14, 2011, the Company held its annual meeting of shareholders.  At that meeting, the following matters were voted upon:
 

               
Total Votes
 
Broker
       
For
 
Withheld
 
Casts
 
Non-Votes
1)
Election of Directors for a three
               
 
year term expiring in 2014:
               
   
Michael D. Feldman
 
  10,543,572
 
        63,966
 
  10,607,538
 
   4,406,992
   
Sheldon L. Glashow
 
  10,479,483
 
      128,055
 
  10,607,538
 
   4,406,992
   
Roger L. Hagengruber
 
  10,481,030
 
      126,508
 
  10,607,538
 
   4,406,992
                     
 
The following directors are serving terms until
           
 
the annual meeting in 2012 and were not re-elected
       
 
at the June 14, 2011 annual meeting:
             
   
Joseph W. Lewis
               
   
Jane Bryant Quinn
               
   
O. Lee Tawes, III
               
                     
 
The following directors are serving terms until
           
 
the annual meeting in 2013 and were not re-elected
       
 
at the June 14, 2011 annual meeting:
             
   
Jerome I. Feldman
               
   
George J. Pedersen
               
   
James A. Eberle
               


 
 
 
For
 
Against
 
Abstain
 
Total
2)
Ratification of KPMG LLP as the Company's
           
 
independent registered public accountants
           
 
for the 2011 fiscal year.
 
14,947,939
 
63,003
 
3,588
 
15,014,530


                       
Broker
 
 
 
For
 
Against
 
Abstain
 
Total
 
Non-Votes
3)
Approval of the 1995
                   
 
 Long-Term Incentive Plan (as ammended)
 
9,350,144
 
1,215,361
 
 42,033
 
10,607,538
 
4,406,992


                       
Broker
 
 
 
For
 
Against
 
Abstain
 
Total
 
Non-Votes
4)
Approval by non-binding vote,
                   
 
executive compensation
 
10,277,416
 
170,184
 
159,938
 
10,607,538
 
4,406,992

 
 

 


     
1 Year
 
2 Years
 
3 Years
 
Abstain
 
Total
5)
Recommend by non-binding vote,
                   
 
frequency of votes on
 
6,485,959
 
463,531
 
3,526,094
 
131,954
 
10,607,538
 
executive compensation
                   



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.


 
GSE SYSTEMS, INC.
   
Date:  June 16, 2011
/s/  Jeffery G. Hough
 
Jeffery G. Hough
 
Senior Vice President and CFO