Item 5.07 Submission of Matters to a Vote
of Security Holders.
On November 2, 2018, Taylor Devices, Inc.
held its Annual Meeting of Shareholders. The voting results of the shareholders of Taylor Devices, Inc. common stock are as follows:
The first matter voted upon at the meeting
was the election of John Burgess and F. Eric Armenat as Class 1 Directors, each to serve a three year term expiring in 2021.
1,175,531 votes were cast for Mr. Burgess
and 717,599 votes were withheld. Broker non-votes were 975,847.
1,301,920 votes were cast
for Mr. Armenat and 591,210 votes were withheld. Broker non-votes were 975,847.
The second matter voted upon at the meeting was the election of Alan R. Klembczyk as a Class 3 Director to serve a one year term
expiring in 2019.
1,308,883 votes were cast
for Mr. Klembczyk and 584,247 votes were withheld. Broker non-votes were 975,847.
The third matter voted upon at the meeting
was the election of Mark V. McDonough as a Class 2 Director to serve a two year term expiring in 2020.
1,291,102 votes were cast
for Mr. McDonough and 602,028 votes were withheld. Broker non-votes were 975,847.
The fourth 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, 2019.
2,841,497 votes were cast for Lumsden
& McCormick, LLP, 11,385 votes were cast against and 16,095 votes abstained.
The fifth matter voted upon at the meeting
was the adoption of the 2018 Taylor Devices, Inc. Stock Option Plan (the "Plan").
1,002,035 votes were cast
for the adoption of the Plan, 878,133 votes were cast against and 12,842 votes abstained. Broker non-votes were 975,847.