Fonar Corporation
05/19/2025 | Press release | Distributed by Public on 05/19/2025 13:07
Proxy Results (Form 8-K)
Item 5.07 Submission of Matters to a Vote of Security Holders
The Annual Meeting of Stockholders of Fonar Corporation (the "Company") was held at 10:00 a.m. on May 19, 2025, at the Hilton Long Island Huntington Hotel, 598 Broadhollow Road, Melville, New York 11747. At the meeting, the items of business were (1) to elect five Directors to the Board of Directors, (2) to approve, on an advisory basis, the compensation of the Company's named executive officers, (3) to ratify the selection of CohnReznick, LLP as the Company's auditors for the fiscal year ending June 30, 2025, and (4) to transact such other business as may properly come before the meeting.
The stockholders elected Timothy R. Damadian, M.D., Claudette J. V. Chan, Ronald G. Lehman, Richard E Turk and Jessica Maher, all of whom were sitting directors, as the directors of the Company. The stockholders also approved the compensation of the named executive officers, and ratified the selection of CohnReznick LLP as the Company's auditors for the fiscal year ending June 30, 2025.
The votes for each of the nominees for director were as follows:
| Nominee | For | Withheld | Broker Non-Votes | |||||||||
| Timothy R. Damadian | 11,000,907 | 1,747,045 | 1,559,986 | |||||||||
| Claudette J.V. Chan | 11,029,558 | 1,718,394 | 1,559,986 | |||||||||
| Ronald G. Lehman | 10,857,652 | 1,890,300 | 1,559,986 | |||||||||
| Richard E. Turk | 11,096,309 | 1,651,643 | 1,559,986 | |||||||||
| Jessica Maher | 11,083,836 | 1,664,116 | 1,559,986 | |||||||||
The votes to approve, on an advisory basis, executive compensation were as follows:
| For | Against | Abstain |
Broker Non-Votes |
|||
| 12,389,147 | 331,150 | 27,655 | 1,559,986 |
The votes for the ratification of CohnReznick LLP as the Company's auditors for the fiscal year ending June 30, 2025 were as follows:
| For | Against | Abstain | Broker Non-Votes | |||
| 14,084,984 | 83,704 | 139,250 | - |
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