Loading...
Docoh

China Automotive Systems (CAAS)

Employees
Data from SEC filings
Employee count
Shareholder alignment
Proxy contests and exempt solicitations in last 3 years

No recent proxy contest or exempt solicitation filings from shareholders.

Vote support at last AGM

The 2021 annual meeting of stockholders of China Automotive Systems, Inc. (the “Company”) was held on Wednesday, July 28, 2021 at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, and the People’s Republic of China. Of the 30,851,776 shares of the Company’s common stock entitled to vote at the meeting, 21,774,723 shares, or 70.57%, were represented at the meeting in person or by proxy, constituting a quorum. The voting results are presented below.

1.Election of Directors

The Company’s shareholders elected the five nominees below to hold office until the 2022 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:

NomineeForAuthority
Withheld
Broker
Non-Votes
Hanlin Chen19,095,670183,8142,495,239
Qizhou Wu19,095,880183,6042,495,239
Guangxun Xu18,855,445424,0392,495,239
Heng Henry Lu18,953,332326,1522,495,239
Tong Kooi Teo18,934,129345,3552,495,239

2.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:

ForAgainstAbstainedBroker Non-Vote
19,042,251210,16927,0642,495,239

3.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:

ForAgainstAbstainedBroker Non-Vote
18,197,795911,423170,2662,495,239

4. Ratification and Approval of the Appointment of Independent Auditor

The appointment of PricewaterhouseCoopers Zhong Tian LLP as the Company’s independent auditors for the fiscal year ending December 31, 2021 was ratified and approved by the following votes:

ForAgainstAbstainedBroker Non-Vote
21,607,040154,95712,726-