Tuesday, June 4, 2013

TITAN STOCKHOLDERS Did NOT APPROVE PROPOSAL 3

Proposal No. 3 -The stockholders did not approve the Company's 2013 Equity Incentive Plan

On May 30,2013 TITAN MACHINERY (NASDAQ: TITN) held their annual meeting of shareholders and offered 3 proposals. Proposal 1 & 2 were approved and Proposal #3 was not approved.

  •  Proposal No. 1 - The stockholders elected each of the three Class III nominees to the Board of Directors for a three-year term. 
  • Proposal No. 2 - The stockholders adopted the non-binding resolution approving the compensation of the Company's Named Executive Officers as described in the Company's 2013 Proxy Statement.
  •  
    Proposal No. 3 -The stockholders did not approve the Company's 2013 Equity Incentive Plan. Under Delaware law, a proposal must receive the affirmative vote of a majority of the shares present and entitled to vote. Shares voted "Abstain" had the same effect as votes against the proposal.

    For       8,384,676
    
    Against   8,163,921
    
    Abstain     332,618 
     
     
    JUNE 4,2013 
    This Morning TITAN insiders and a Director
    Filed SEVEN(7)FORM 4s with SEC
    click to SEC FILINGS  
    
    
     
    ON THURSDAY MORNING June 6,2013 
    TITAN REPORTS Q1 2014 Financials 
    
    
    click to Equities Research Warnings on TITAN

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