SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Item 5.07. Submission of Matters to a Vote of Security Holders.
AXT, Inc. (the “Company”) held its Annual Meeting of Stockholders (“Annual Meeting”) on May 18, 2023. The matters voted upon at the Annual Meeting and the results of such voting are set forth below:
Proposal 1: Election of two (2) Class I directors to hold office for a three-year term and until their respective successors are elected and qualified:
Name of Director
Dr. Morris S. Young
Dr. David C. Chang
Dr. Morris S. Young and Dr. David C. Chang were duly elected by the stockholders as the Class I directors to hold office for a three-year term and until their respective successors are elected and qualified.
Proposal 2: Advisory vote on executive compensation:
The compensation of the Company’s named executive officers, as disclosed in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 7, 2023 (the “Proxy Statement”), was approved by the stockholders on an advisory basis.
Proposal 3: Advisory vote on the frequency of holding an advisory vote on executive compensation:
The option of one year received the highest number of votes and will be treated as the frequency of holding an advisory vote on the compensation of the Company’s named executive officers that was approved by the stockholders on an advisory basis. In light of such advisory vote and consistent with the Company’s recommendation in the Proxy Statement, the Company’s Board of Directors determined that the Company will continue to hold an advisory vote to approve the compensation of the Company’s named executive officers every year.
Proposal 4: Ratification of the appointment of BPM LLP (“BPM”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023:
The appointment of BPM as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was ratified by the stockholders.
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.
/s/ Gary L. Fischer
Gary L. Fischer
Chief Financial Officer and Corporate Secretary
Date: May 22, 2023