Form 8-K - Current report

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): August 30, 2023

China Automotive Systems, Inc.

(Exact name of registrant as specified in its charter)

Delaware	000-33123	33-0885775
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

No. 1 Henglong Road, Yu Qiao Development Zone
Shashi District, Jing Zhou City
Hubei Province
The People's Republic of China
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code (86) 27-8757 0027

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $0.0001 par value	CAAS	The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.07

Submission of Matters to a Vote of Security Holders

The 2023 annual meeting of stockholders of China Automotive Systems, Inc. (the “Company”) was held on Wednesday, August 30, 2023 at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, the People’s Republic of China. Of the 30,185,702 shares of the Company’s common stock entitled to vote at the meeting, 23,379,344 shares, or 77.45%, were represented at the meeting in person or by proxy, constituting a quorum. The voting results are presented below.

Election of Directors

The Company’s shareholders elected the five nominees below to hold office until the 2024 annual meeting of shareholders and until their successors are elected and qualified. Each of the nominees received more than a majority of the votes cast. The votes regarding the election of directors were as follows:

Nominee	For		Authority Withheld		Broker Non-Votes
Hanlin Chen		19,449,019		3,930,325		-
Qizhou Wu		19,481,876		3,897,468		-
Guangxun Xu		18,783,645		4,595,699		-
Heng Henry Lu		19,330,129		4,049,215		-
Tong Kooi Teo		19,334,291		4,045,053		-

Approval of an advisory (non-binding) proposal concerning the Company’s named executive officer compensation program

The approval of an advisory (non-binding) proposal concerning the Company’s named executive officer compensation program was ratified and approved by the following votes:

For				Against				Abstained				Broker Non-Vote
	19,402,146				3,949,297				27,901				-

Approval of an advisory (non-binding) vote concerning the frequency of holding future advisory votes on executive compensation

The approval of an advisory (non-binding) vote concerning the frequency of every two years for holding future advisory votes on executive compensation was ratified and approved by the following votes:

For				Against				Abstained				Broker Non-Vote
	18,635,753				4,722,558				21,033				-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	China Automotive Systems, Inc.
	(Registrant)

Date: August 31, 2023	By:	/s/ Hanlin Chen
		Hanlin Chen

Cover	Aug. 30, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Aug. 30, 2023
Entity File Number	000-33123
Entity Registrant Name	China Automotive Systems, Inc.
Entity Central Index Key	0001157762
Entity Tax Identification Number	33-0885775
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	No. 1 Henglong Road, Yu Qiao Development Zone
Entity Address, Address Line Two	Shashi District
Entity Address, Address Line Three	Jing Zhou City
Entity Address, City or Town	Hubei Province
Entity Address, Country	CN
City Area Code	86
Local Phone Number	27-8757 0027
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	CAAS
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false