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 27, 2014.

 

MERRIMAN HOLDINGS, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware 001-15831 11-2936371
(State or Other Jurisdiction  (Commission File Number) (IRS Employer
of Incorporation)   Identification No.)

 

250 Montgomery St., 16th Floor
San Francisco, CA 94104
 
 ( Address of Principal Executive Offices)  (Zip Code)

 

Registrant's telephone number, including area code (415) 248-5600

 

(Former Name or Former Address, if Changed Since Last Report)

250 Montgomery Street, 16th Floor,
San Francisco, California  94104

 

 
 

  

Item 5.07 Submission of Matters to a Vote of Security Holders

 

On June 27, 2014, Merriman Holdings, Inc. held its annual meeting of stockholders.  Proxies were solicited from stockholders and several matters were voted on at the meeting. Stockholders of record as of the close of business on May 21, 2014 were entitled to vote. A quorum was established for the meeting, with holders of 103,309,962 shares present in person or by proxy out of a total of 131,759,125 shares, or 78.4%, of shares outstanding and entitled to vote on the record date.

 

Our largest stockholder and Co-Chairman, Ronald L. Chez is party to a Voting Agreement with the Company dated March 28, 2013 which provides that Mr. Chez will vote all of his shares of common stock of the Company, including stock held in his IRA, which are in excess of 24.99% of the total outstanding shares of Company common stock in the same proportion as all shares of common stock not held by Mr. Chez. This has the effect of limiting Mr. Chez’ voting control to 24.99%. The Voting Agreement was filed with the Company’s Current Report on Form 8-K dated March 28, 2013. Vote totals are given below both before and after giving effect to the Voting Agreement. The vote total giving effect to the Voting Agreement is the binding vote.

 

Proposal 1.Election of Directors

 

At the meeting, stockholders elected seven directors.  Final voting results for each director, before giving effect to the Voting Agreement described above, are below.  

 

Proposal 1 Directors
Before Giving Effect to
Voting Agreement
            
             
Director Candidate  Votes For   Votes Withheld   Broker Non-Votes 
             
D. Jonathan Merriman   96,387,365    50,868    6,871,729 
                
Ronald L. Chez   96,256,000    182,223    6,871,729 
                
Dennis G. Schmal   96,255,954    182,279    6,871,729 
                
William J. Febbo   96,255,954    182,279    6,871,729 
                
Jeffrey M. Soinski   96,255,928    182,305    6,871,729 
                
Patrick W. O’Brien   96,255,525    182,708    6,871,729 
                
Robert Ward   96,343,314    94,919    6,871,729 

 

Final voting results for each director, after giving effect to the Voting Agreement described above, are below.  

 

Proposal 1 Directors After
Giving Effect to Voting
Agreement
            
             
Director Candidate  Votes For   Votes Withheld   Broker Non-Votes 
             
D. Jonathan Merriman   96,375,498    62,735    6,871,729 
                
Ronald L. Chez   96,204,904    227,329    6,871,729 
                
Dennis G. Schmal   96,210,858    227,375    6,871,729 
                
William J. Febbo   96,210,858    227,375    6,871,729 
                
Jeffrey M. Soinski   96,210,832    227,401    6,871,729 
                
Patrick W. O’Brien   96,210,429    227,804    6,871,729 
                
 Robert Ward   96,319,579    118,654    6,871,729 

 

 

 
 

 

Proposal 2.Approval of Reverse Stock Split at a Ratio of Up to 1-for-30

 

Stockholder voted to approve the proposal to effect a reverse stock split at a ratio of up to 1-for-30. Voting results, before giving effect to the Voting Agreement described above, are below.  

 

   Votes For   Votes Against   Abstain   Broker Non-Votes 
                     
Proposal 2 Before Giving Effect to Voting Agreement   101,434,702    1,885,206    54    0 
                     

Stockholder voted to ratify the selection of Marcum LLP as our independent registered public accounting firm for fiscal year 2014.  Voting results, after giving effect to the Voting Agreement described above, are below.  

 

   Votes For   Votes Against   Abstain   Broker Non-Votes 
                     
Proposal 2 After Giving Effect to Voting Agreement   101,991,575    2,318,320    66    0 
                     

Proposal 3.Ratification of the Selection of Independent Registered Public Accounting Firm for Fiscal Year 2014

 

Stockholder voted to ratify the selection of Marcum LLP as our independent registered public accounting firm for fiscal year 2014.  Voting results, before giving effect to the Voting Agreement described above, are below.  

 

   Votes For   Votes Against   Abstain   Broker Non-Votes 
                     
Proposal 3 Before Giving Effect to Voting Agreement   102,351,569    448,073    510,320    0 
                     

Stockholder voted to ratify the selection of Marcum LLP as our independent registered public accounting firm for fiscal year 2014.  Voting results, after giving effect to the Voting Agreement described above, are below.  

 

   Votes For   Votes Against   Abstain   Broker Non-Votes 
                     
Proposal 3 After Giving Effect to Voting Agreement   102,131,384    551,015    627,563    0 
                     

Proposal 4.Advisory, Nonbinding Vote On Executive Compensation

 

Stockholder voted to approve the following resolution, on an advisory, non-binding basis:

 

“RESOLVED, that the Company’s stockholders approve, on an advisory basis, the compensation of the named executive officers, as disclosed in the Company’s Proxy Statement for the 2014 Annual Meeting of Stockholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission.”

 

Voting results, before giving effect to the voting Agreement described above, are below.  

 

   Votes For   Votes Against   Abstain   Broker Non-Votes 
                     
Proposal 4 Before Giving Effect to Voting Agreement   96,169,039    257,891    11,303    6,871,729 
                     

Voting results, after giving effect to the voting Agreement described above, are below.  

  

   Votes For   Votes Against   Abstain   Broker Non-Votes 
                     
Proposal 4 After Giving Effect to Voting Agreement   96,105,561    317,140    13,900    6,871,729 
                     

 

 

 
 

  

SIGNATURE

 

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.

 

  Merriman Holdings, Inc.
       
Date:  July 2, 2014 By: /s/ D. JONATHAN MERRIMAN  
    D. Jonathan Merriman  
    Chief Executive Officer