0001558370-25-005403.txt : 20250424 0001558370-25-005403.hdr.sgml : 20250424 20250424154611 ACCESSION NUMBER: 0001558370-25-005403 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250422 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20250424 DATE AS OF CHANGE: 20250424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mayville Engineering Company, Inc. CENTRAL INDEX KEY: 0001766368 STANDARD INDUSTRIAL CLASSIFICATION: METAL FORGING & STAMPINGS [3460] ORGANIZATION NAME: 04 Manufacturing EIN: 390944729 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38894 FILM NUMBER: 25867047 BUSINESS ADDRESS: STREET 1: 715 SOUTH STREET CITY: MAYVILLE STATE: WI ZIP: 53050 BUSINESS PHONE: 920-387-4500 MAIL ADDRESS: STREET 1: 715 SOUTH STREET CITY: MAYVILLE STATE: WI ZIP: 53050 FORMER COMPANY: FORMER CONFORMED NAME: Mayville Engineering Comapny, Inc. DATE OF NAME CHANGE: 20190130 8-K 1 tmb-20250422x8k.htm 8-K
0001766368false00017663682025-04-222025-04-22

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): April 22, 2025

Mayville Engineering Company, Inc.

(Exact name of registrant as specified in its charter)

Wisconsin

 

001-38894

 

39-0944729

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

135 S. 84th Street, Suite 300

Milwaukee, Wisconsin 53214

(Address of principal executive offices, including zip code)

(414) 381-2860

(Registrant’s telephone number, including area code)

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(s)

 

Name of each exchange

on which registered

Common Stock, no par value

 

MEC

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company 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.

On April 22, 2025, Mayville Engineering Company, Inc. (the “Company”) held its 2025 annual meeting of shareholders (the “Annual Meeting”). At the Annual Meeting, the Company’s shareholders voted on the following proposals:

The election of two directors, Jagadeesh (Jag) A. Reddy and Jay O. Rothman, to the Company’s Board of Directors for a three-year term to expire at the Company’s 2028 annual meeting of shareholders;
The ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2025;
An advisory vote to approve the compensation of the Company’s named executive officers; and
An advisory vote on the frequency of future advisory votes on the compensation of the Company’s named executive officers.

As of the February 21, 2025 record date for the determination of the shareholders entitled to notice of, and to vote at, the Annual Meeting, 20,419,823 shares of the Company’s common stock were outstanding and eligible to vote. Approximately 93% of all shares (and votes) were represented at the Annual Meeting in person or by proxy. The following are the final votes on the matters presented for shareholder consideration at the Annual Meeting:

Election of Directors

The shareholders elected Jagadeesh (Jag) A. Reddy and Jay O. Rothman as directors for a three-year term to expire at the Company’s 2028 annual meeting of shareholders. The results of the vote were as follows:

For

Withheld

Broker Non-Votes

Name

Votes

Percentage (1)

Votes

Percentage (1)

Votes

Percentage (2)

Jagadeesh (Jag) A. Reddy

15,665,632

93.91

%

1,016,164

6.09

%

2,316,789

N/A

Jay O. Rothman

8,860,254

53.11

%

7,821,542

46.89

%

2,316,789

N/A

Ratify Appointment of Deloitte & Touche LLP for 2025

The shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2025. The results of the vote were as follows:

For

Against

Abstain

Broker Non-Votes

Votes

Percentage (1)

Votes

Percentage (1)

Votes

Percentage (2)

Votes

Percentage (2)

18,523,808

97.79

%

417,783

2.21

%

56,994

N/A

N/A

Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers

The shareholders approved the compensation of the Company’s named executive officers. The results of the advisory vote were as follows:

For

Against

Abstain

Broker Non-Votes

Votes

Percentage (1)

Votes

Percentage (1)

Votes

Percentage (2)

Votes

Percentage (2)

13,021,820

96.41

%

484,172

3.59

%

3,175,804

N/A

2,316,789

N/A

Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of the Company’s Named Executive Officers

The shareholders expressed a preference that an advisory vote on the compensation of the Company’s named executive officers occur every year. The results of the advisory vote were as follows:

One Year

Two Years

Three Years

Abstain

Votes

Percentage (1)

Votes

Percentage (1)

Votes

Percentage (1)

Votes

Percentage (2)

12,643,511

93.77

%

22,612

0.16

%

816,758

6.07%

3,198,918

N/A

Broker Non-Votes

Votes

Percentage (2)

2,316,789

N/A

In accordance with the results of this vote, the Board of Directors determined to implement an advisory shareholder vote to approve the compensation of the Company’s named executive officers every year until the next required advisory vote on the frequency of the advisory shareholder vote on the compensation of the Company’s named executive officers, which is scheduled to occur at the Company’s 2031 annual meeting of shareholders.

(1)

Based on a total of all votes received and eligible to be counted as voted on this proposal at the Annual Meeting.

(2)

“N/A” means that abstentions and/or broker non-votes do not have any effect on the voting results on this proposal.

SIGNATURES

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

MAYVILLE ENGINEERING COMPANY, INC.

Date: April 24, 2025

By:

/s/ Sean P. Leuba

Sean P. Leuba

Senior Vice President, General Counsel and Secretary

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Document and Entity Information
Apr. 22, 2025
Document and Entity Information [Abstract]  
Amendment Flag false
Entity Central Index Key 0001766368
Document Type 8-K
Document Period End Date Apr. 22, 2025
Entity Registrant Name Mayville Engineering Company, Inc.
Entity Incorporation, State or Country Code WI
Entity File Number 001-38894
Entity Tax Identification Number 39-0944729
Entity Address, Address Line One 135 S. 84th Street, Suite 300
Entity Address, City or Town Milwaukee
Entity Address State Or Province WI
Entity Address, Postal Zip Code 53214
City Area Code (414)
Local Phone Number 381-2860
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, no par value
Trading Symbol MEC
Security Exchange Name NYSE
Entity Emerging Growth Company false
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