Item 5.07 Submission of Matters to a
Vote of Security Holders.
On October 28, 2016, Taylor Devices, Inc.
held its Annual Meeting of Shareholders. The shareholders of Taylor
Devices, Inc. common stock elected Douglas P. Taylor and Randall L. Clark
as Class 3 directors, to serve a three-year term expiring in 2019.
1,658,005 votes were cast for
Mr. Taylor and 51,839 votes were withheld. Broker non-votes were
868,733.
1,453,800 votes were
cast for Mr. Clark and 256,044 votes were withheld. Broker non-votes were
868,733.
The second matter voted upon at the
meeting was the ratification of the appointment of Lumsden & McCormick, LLP
as the independent registered public accounting firm of the Company for the
fiscal year ending May 31, 2017.
2,423,960 votes were
cast for Lumsden & McCormick, LLP, 147,727 votes were cast
against and 6,890 votes abstained.
The third matter voted upon was the
approval of the non-binding advisory resolution approving the compensation of
the Company's named executive officers.
1,547,047 votes were
cast for the non-binding advisory resolution, 99,413 votes were cast
against and 63,384 votes abstained. Broker non-votes were
868,733.
The fourth matter voted upon was the
frequency of future advisory votes on the compensation of the Company's named
executive officers.
670,145 votes were cast
for a frequency of 1 year, 21,185 votes were cast for a frequency
of 2 years, 992,935 votes were cast for a frequency of 3 years
and 25,579 votes abstained.
Broker non-votes were 868,733.
The Company will hold advisory votes on
the compensation of the Company's named executive officers every three
years.