Item 5.07. Submission of Matters to a Vote of Security Holders.
At a special meeting of stockholders (the "Special Meeting") held on
Proposal No. 1: To adopt the Agreement and Plan of Merger, dated
The Merger Agreement Proposal was approved by the requisite vote of Velodyne's stockholders.
Votes For Votes Against Abstentions Broker Non-Votes 128,628,811 2,744,589 1,090,434
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Proposal No. 2: To approve, on a non-binding advisory basis, the compensation that may be paid or become payable to Velodyne's named executive officers that is based on or otherwise relates to the transactions contemplated by the Merger Agreement (the "Compensation Proposal").
The Compensation Proposal was approved by the requisite vote of Velodyne's stockholders. Votes For Votes Against Abstentions Broker Non-Votes 118,803,862 9,130,748 4,529,224 -
Proposal No. 3: To approve the adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to approve the Merger Agreement Proposal at the time of the Special Meeting or to ensure that any supplement or amendment to the Proxy Statement is timely provided to holders of shares of Velodyne Common Stock (the "Adjournment Proposal").
Adjournment of the Special Meeting was deemed not necessary because there was a quorum present and there were sufficient proxies at the time of the Special Meeting to approve the Merger Agreement Proposal.
Votes For Votes Against Abstentions Broker Non-Votes 117,433,456 11,138,645 3,891,733
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