form8k-2011results.htm

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) June 14, 2011

GSE SYSTEMS, INC.
(Exact name of registrant as specified in its charter)


Delaware
001-14785
52-1868008
(State or other jurisdiction
(Commission File Number)
(I.R.S. Employer
of incorporation)
  
Identification No.)


1332 Londontown Blvd., Suite 200, Sykesville, MD 21784
(Address of principal executive office and zip code)


(410) 970-7800
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))

 
 
 

Item 5.07 Submission of Matters to a Vote of Security Holders.


On June 14, 2011, the Company held its annual meeting of shareholders.  At that meeting, the following matters were voted upon:
 

               
Total Votes
  
Broker
       
For
  
Withheld
  
Casts
  
Non-Votes
1)
Election of Directors for a three
                
 
year term expiring in 2014:
                
   
Michael D. Feldman
  
  10,543,572
  
        63,966
  
  10,607,538
  
   4,406,992
   
Sheldon L. Glashow
  
  10,479,483
  
      128,055
  
  10,607,538
  
   4,406,992
   
Roger L. Hagengruber
  
  10,481,030
  
      126,508
  
  10,607,538
  
   4,406,992
                     
 
The following directors are serving terms until
            
 
the annual meeting in 2012 and were not re-elected
        
 
at the June 14, 2011 annual meeting:
              
   
Joseph W. Lewis
                
   
Jane Bryant Quinn
                
   
O. Lee Tawes, III
                
                     
 
The following directors are serving terms until
            
 
the annual meeting in 2013 and were not re-elected
        
 
at the June 14, 2011 annual meeting:
              
   
Jerome I. Feldman
                
   
George J. Pedersen
                
   
James A. Eberle
                


 
 
  
For
  
Against
  
Abstain
  
Total
2)
Ratification of KPMG LLP as the Company's
            
 
independent registered public accountants
            
 
for the 2011 fiscal year.
  
14,947,939
  
63,003
  
3,588
  
15,014,530


                       
Broker
 
 
  
For
  
Against
  
Abstain
  
Total
  
Non-Votes
3)
Approval of the 1995
                    
 
 Long-Term Incentive Plan (as ammended)
 
9,350,144
  
1,215,361
  
 42,033
  
10,607,538
  
4,406,992


                       
Broker
 
 
  
For
  
Against
  
Abstain
  
Total
  
Non-Votes
4)
Approval by non-binding vote,
                    
 
executive compensation
  
10,277,416
  
170,184
  
159,938
  
10,607,538
  
4,406,992

 
 
 


     
1 Year
  
2 Years
  
3 Years
  
Abstain
  
Total
5)
Recommend by non-binding vote,
                    
 
frequency of votes on
  
6,485,959
  
463,531
  
3,526,094
  
131,954
  
10,607,538
 
executive compensation
                    



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.


 
GSE SYSTEMS, INC.
   
Date:  June 16, 2011
/s/  Jeffery G. Hough
 
Jeffery G. Hough
 
Senior Vice President and CFO