Liquidmetal Technologies Inc (LQMT)

[Watts Watt]

The most important news of the business meeting at the ASH conference was the failure for resolution number 2 to pass on the proxy vote:

2. To approve the amendment of our 2012 Equity Incentiv
e Plan to increase the aggregate number of shares of
common stock authorized for issuance under the plan by
30,000,000 shares and to increase the aggregate number
of shares of common stock that may be issued or tran
sferred upon the exercise of incentive stock options by
30,000,000 shares;

It was voted down, which means the I Hubbers and their share votes to have some clout.

Until they get real about awarding shares for merit and accomplishment rather than, "Here I am, load me up", this should be the way it ought to be.

All other measures passed.

It should be noted though, that the pro votes for management continuing was only 4/5's of the total vote.

The second plus was that a record number of shareholders attended this meeting. Two years ago, the record number was one shareholder. This year there were more than thirty. Finally, some shareholders are showing concern and taking an active interest in company management.