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[Form 4] Sigmatron International Inc Insider Trading Activity

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(Low)
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(Neutral)
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4
Rhea-AI Filing Summary

On 25 July 2025 ClearSign Technologies (CLIR) convened its Annual Meeting with 37.1 M shares present, representing 70.8% of outstanding voting power.

Proposal 1 â€� Board elections: All six nominees were re-elected. While Louis J. Basenese, Anthony DiGiandomenico and CEO Colin J. Deller each received >98% of votes cast, Catharine M. de Lacy and Judith S. Schrecker obtained only ~33% support (8.7 M for vs. 17.8 M withheld), indicating meaningful shareholder dissent. Former director David M. Maley stepped down and the board was reduced from seven to six seats.

Proposal 2 â€� Auditor: Shareholders approved BPM CPA LLP as independent auditor for FY 2025 by 34.0 M for, 3.0 M against (92.0% support).

Proposal 3 â€� Say-on-Pay: Executive compensation passed with 20.4 M for, 3.9 M against, 2.2 M abstentions (76.2% support).

No additional material events or financial results were disclosed.

Il 25 luglio 2025 ClearSign Technologies (CLIR) ha tenuto la sua Assemblea Annuale con 37,1 milioni di azioni presenti, rappresentando il 70,8% del potere di voto in circolazione.

Proposta 1 � Elezioni del Consiglio: Tutti e sei i candidati sono stati rieletti. Mentre Louis J. Basenese, Anthony DiGiandomenico e l'amministratore delegato Colin J. Deller hanno ricevuto oltre il 98% dei voti espressi, Catharine M. de Lacy e Judith S. Schrecker hanno ottenuto solo circa il 33% di supporto (8,7 milioni a favore contro 17,8 milioni contrari), segnalando un significativo dissenso tra gli azionisti. L'ex direttore David M. Maley si è dimesso e il consiglio è stato ridotto da sette a sei membri.

Proposta 2 � Revisore dei conti: Gli azionisti hanno approvato BPM CPA LLP come revisore indipendente per l'esercizio 2025 con 34,0 milioni di voti favorevoli e 3,0 milioni contrari (92,0% di supporto).

Proposta 3 � Say-on-Pay: La remunerazione degli amministratori è stata approvata con 20,4 milioni di voti favorevoli, 3,9 milioni contrari e 2,2 milioni di astensioni (76,2% di supporto).

Non sono stati divulgati ulteriori eventi rilevanti o risultati finanziari.

El 25 de julio de 2025 ClearSign Technologies (CLIR) celebró su Junta Anual con 37,1 millones de acciones presentes, representando el 70,8% del poder de voto en circulación.

Propuesta 1 � Elección de la Junta: Los seis nominados fueron reelegidos. Mientras que Louis J. Basenese, Anthony DiGiandomenico y el CEO Colin J. Deller recibieron más del 98% de los votos emitidos, Catharine M. de Lacy y Judith S. Schrecker obtuvieron solo alrededor del 33% de apoyo (8,7 millones a favor frente a 17,8 millones en contra), indicando un disenso significativo entre los accionistas. El exdirector David M. Maley renunció y la junta se redujo de siete a seis miembros.

Propuesta 2 � Auditor: Los accionistas aprobaron a BPM CPA LLP como auditor independiente para el año fiscal 2025 con 34,0 millones de votos a favor y 3,0 millones en contra (92,0% de apoyo).

Propuesta 3 � Say-on-Pay: La compensación ejecutiva fue aprobada con 20,4 millones de votos a favor, 3,9 millones en contra y 2,2 millones de abstenciones (76,2% de apoyo).

No se divulgaron eventos materiales adicionales ni resultados financieros.

2025ë…� 7ì›� 25ì� ClearSign Technologies (CLIR)ëŠ� ì—°ë¡€ 주주ì´íšŒë¥� 개최했으ë©�, 3,710ë§� 주가 ì¶œì„하여 ì „ì²´ ì˜ê²°ê¶Œì˜ 70.8%ë¥� 대표했습니ë‹�.

제안 1 â€� ì´ì‚¬íš� ì„ ì¶œ: 여섯 ëª…ì˜ í›„ë³´ ëª¨ë‘ ìž¬ì„ ë˜ì—ˆìŠµë‹ˆë‹�. Louis J. Basenese, Anthony DiGiandomenico, CEO Colin J. DellerëŠ� ê°ê° 98% ì´ìƒì� 찬성표를 받았으나, Catharine M. de Lacy와 Judith S. SchreckerëŠ� ì•� 33%ì� 지지(870ë§� 찬성 대 1,780ë§� 기권)ë¥� 얻어 주주ë“� 사ì´ì—� ì˜ë¯¸ 있는 반대가 있ìŒì� 나타냈습니다. ì � ì´ì‚¬ David M. MaleyëŠ� 사임했고 ì´ì‚¬íšŒëŠ” 7명ì—ì„� 6명으ë¡� 축소ë˜ì—ˆìŠµë‹ˆë‹�.

제안 2 â€� ê°ì‚¬ì�: ì£¼ì£¼ë“¤ì€ 2025 íšŒê³„ì—°ë„ ë…립 ê°ì‚¬ì¸ìœ¼ë¡� BPM CPA LLPë¥� 찬성 3,400ë§�, 반대 300ë§�(92.0% 지지)으로 승ì¸í–ˆìŠµë‹ˆë‹¤.

제안 3 â€� ìž„ì› ë³´ìˆ˜ ë™ì˜ì•�: ìž„ì› ë³´ìˆ˜ëŠ� 찬성 2,040ë§�, 반대 390ë§�, 기권 220ë§�(76.2% 지지)으로 통과ë˜ì—ˆìŠµë‹ˆë‹�.

추가ì ì¸ 중요í•� 사건ì´ë‚˜ 재무 ê²°ê³¼ëŠ� 공개ë˜ì§€ 않았습니ë‹�.

Le 25 juillet 2025, ClearSign Technologies (CLIR) a tenu son Assemblée Générale Annuelle avec 37,1 millions d'actions présentes, représentant 70,8 % du pouvoir de vote en circulation.

Proposition 1 � Élections du Conseil d'administration : Les six candidats ont été réélus. Alors que Louis J. Basenese, Anthony DiGiandomenico et le PDG Colin J. Deller ont chacun obtenu plus de 98 % des voix exprimées, Catharine M. de Lacy et Judith S. Schrecker n'ont recueilli qu'environ 33 % de soutien (8,7 millions pour contre 17,8 millions contre), indiquant un désaccord significatif parmi les actionnaires. L'ancien administrateur David M. Maley s'est retiré et le conseil d'administration est passé de sept à six membres.

Proposition 2 � Commissaire aux comptes : Les actionnaires ont approuvé BPM CPA LLP en tant que commissaire aux comptes indépendant pour l'exercice 2025 avec 34,0 millions de voix pour et 3,0 millions contre (92,0 % de soutien).

Proposition 3 � Say-on-Pay : La rémunération des dirigeants a été approuvée avec 20,4 millions de voix pour, 3,9 millions contre et 2,2 millions d'abstentions (76,2 % de soutien).

Aucun autre événement matériel ou résultat financier n'a été divulgué.

Am 25. Juli 2025 hielt ClearSign Technologies (CLIR) seine Jahreshauptversammlung ab, bei der 37,1 Millionen Aktien anwesend waren, was 70,8 % der ausstehenden Stimmrechte entspricht.

Vorschlag 1 � Vorstandswahlen: Alle sechs Kandidaten wurden wiedergewählt. Während Louis J. Basenese, Anthony DiGiandomenico und CEO Colin J. Deller jeweils über 98 % der abgegebenen Stimmen erhielten, erhielten Catharine M. de Lacy und Judith S. Schrecker nur etwa 33 % Unterstützung (8,7 Mio. dafür vs. 17,8 Mio. dagegen), was auf erheblichen Aktionärswiderstand hinweist. Der ehemalige Direktor David M. Maley trat zurück, und der Vorstand wurde von sieben auf sechs Sitze reduziert.

Vorschlag 2 � Abschlussprüfer: Die Aktionäre genehmigten BPM CPA LLP als unabhängigen Abschlussprüfer für das Geschäftsjahr 2025 mit 34,0 Mio. Stimmen dafür und 3,0 Mio. dagegen (92,0 % Zustimmung).

Vorschlag 3 � Say-on-Pay: Die Vergütung der Geschäftsleitung wurde mit 20,4 Mio. Stimmen dafür, 3,9 Mio. dagegen und 2,2 Mio. Enthaltungen (76,2 % Zustimmung) angenommen.

Es wurden keine weiteren wesentlichen Ereignisse oder Finanzergebnisse bekannt gegeben.

Positive
  • All six board nominees re-elected, ensuring continuity of strategic oversight.
  • Auditor BPM CPA LLP ratified with 92% support, indicating investor confidence in financial reporting.
  • Say-on-Pay approved, avoiding potential executive compensation dispute.
Negative
  • Two directors received only ~33% support, a significant withhold rate that may signal governance issues.
  • Say-on-Pay support at 76% is below peer averages, reflecting moderate shareholder dissatisfaction.

Insights

TL;DR: Routine meeting; notable 67% withhold on two directors signals governance concern.

The election slate passed, but the unusually low support for de Lacy and Schrecker highlights investor dissatisfaction—often a warning on board composition or oversight. Say-on-Pay at 76% is above failure level yet below typical S&P small-cap averages (>90%), suggesting moderate compensation discontent. Auditor ratification sailed through, confirming no audit-related controversies. Overall, the filing is governance-focused rather than financial; impact is limited unless the board responds with changes to committee assignments or engagement efforts.

TL;DR: Neutral event; incremental risk from director opposition, no immediate valuation impact.

From a portfolio perspective, shareholder votes do not alter CLIR’s cash flow outlook. Nevertheless, two directors receiving only one-third support could elevate activist attention or proxy advisory scrutiny, potentially increasing governance risk premiums. The passed Say-on-Pay limits near-term upheaval, and auditor approval removes accounting uncertainty. I classify this as not impactful for price action absent follow-up governance changes.

Il 25 luglio 2025 ClearSign Technologies (CLIR) ha tenuto la sua Assemblea Annuale con 37,1 milioni di azioni presenti, rappresentando il 70,8% del potere di voto in circolazione.

Proposta 1 � Elezioni del Consiglio: Tutti e sei i candidati sono stati rieletti. Mentre Louis J. Basenese, Anthony DiGiandomenico e l'amministratore delegato Colin J. Deller hanno ricevuto oltre il 98% dei voti espressi, Catharine M. de Lacy e Judith S. Schrecker hanno ottenuto solo circa il 33% di supporto (8,7 milioni a favore contro 17,8 milioni contrari), segnalando un significativo dissenso tra gli azionisti. L'ex direttore David M. Maley si è dimesso e il consiglio è stato ridotto da sette a sei membri.

Proposta 2 � Revisore dei conti: Gli azionisti hanno approvato BPM CPA LLP come revisore indipendente per l'esercizio 2025 con 34,0 milioni di voti favorevoli e 3,0 milioni contrari (92,0% di supporto).

Proposta 3 � Say-on-Pay: La remunerazione degli amministratori è stata approvata con 20,4 milioni di voti favorevoli, 3,9 milioni contrari e 2,2 milioni di astensioni (76,2% di supporto).

Non sono stati divulgati ulteriori eventi rilevanti o risultati finanziari.

El 25 de julio de 2025 ClearSign Technologies (CLIR) celebró su Junta Anual con 37,1 millones de acciones presentes, representando el 70,8% del poder de voto en circulación.

Propuesta 1 � Elección de la Junta: Los seis nominados fueron reelegidos. Mientras que Louis J. Basenese, Anthony DiGiandomenico y el CEO Colin J. Deller recibieron más del 98% de los votos emitidos, Catharine M. de Lacy y Judith S. Schrecker obtuvieron solo alrededor del 33% de apoyo (8,7 millones a favor frente a 17,8 millones en contra), indicando un disenso significativo entre los accionistas. El exdirector David M. Maley renunció y la junta se redujo de siete a seis miembros.

Propuesta 2 � Auditor: Los accionistas aprobaron a BPM CPA LLP como auditor independiente para el año fiscal 2025 con 34,0 millones de votos a favor y 3,0 millones en contra (92,0% de apoyo).

Propuesta 3 � Say-on-Pay: La compensación ejecutiva fue aprobada con 20,4 millones de votos a favor, 3,9 millones en contra y 2,2 millones de abstenciones (76,2% de apoyo).

No se divulgaron eventos materiales adicionales ni resultados financieros.

2025ë…� 7ì›� 25ì� ClearSign Technologies (CLIR)ëŠ� ì—°ë¡€ 주주ì´íšŒë¥� 개최했으ë©�, 3,710ë§� 주가 ì¶œì„하여 ì „ì²´ ì˜ê²°ê¶Œì˜ 70.8%ë¥� 대표했습니ë‹�.

제안 1 â€� ì´ì‚¬íš� ì„ ì¶œ: 여섯 ëª…ì˜ í›„ë³´ ëª¨ë‘ ìž¬ì„ ë˜ì—ˆìŠµë‹ˆë‹�. Louis J. Basenese, Anthony DiGiandomenico, CEO Colin J. DellerëŠ� ê°ê° 98% ì´ìƒì� 찬성표를 받았으나, Catharine M. de Lacy와 Judith S. SchreckerëŠ� ì•� 33%ì� 지지(870ë§� 찬성 대 1,780ë§� 기권)ë¥� 얻어 주주ë“� 사ì´ì—� ì˜ë¯¸ 있는 반대가 있ìŒì� 나타냈습니다. ì � ì´ì‚¬ David M. MaleyëŠ� 사임했고 ì´ì‚¬íšŒëŠ” 7명ì—ì„� 6명으ë¡� 축소ë˜ì—ˆìŠµë‹ˆë‹�.

제안 2 â€� ê°ì‚¬ì�: ì£¼ì£¼ë“¤ì€ 2025 íšŒê³„ì—°ë„ ë…립 ê°ì‚¬ì¸ìœ¼ë¡� BPM CPA LLPë¥� 찬성 3,400ë§�, 반대 300ë§�(92.0% 지지)으로 승ì¸í–ˆìŠµë‹ˆë‹¤.

제안 3 â€� ìž„ì› ë³´ìˆ˜ ë™ì˜ì•�: ìž„ì› ë³´ìˆ˜ëŠ� 찬성 2,040ë§�, 반대 390ë§�, 기권 220ë§�(76.2% 지지)으로 통과ë˜ì—ˆìŠµë‹ˆë‹�.

추가ì ì¸ 중요í•� 사건ì´ë‚˜ 재무 ê²°ê³¼ëŠ� 공개ë˜ì§€ 않았습니ë‹�.

Le 25 juillet 2025, ClearSign Technologies (CLIR) a tenu son Assemblée Générale Annuelle avec 37,1 millions d'actions présentes, représentant 70,8 % du pouvoir de vote en circulation.

Proposition 1 � Élections du Conseil d'administration : Les six candidats ont été réélus. Alors que Louis J. Basenese, Anthony DiGiandomenico et le PDG Colin J. Deller ont chacun obtenu plus de 98 % des voix exprimées, Catharine M. de Lacy et Judith S. Schrecker n'ont recueilli qu'environ 33 % de soutien (8,7 millions pour contre 17,8 millions contre), indiquant un désaccord significatif parmi les actionnaires. L'ancien administrateur David M. Maley s'est retiré et le conseil d'administration est passé de sept à six membres.

Proposition 2 � Commissaire aux comptes : Les actionnaires ont approuvé BPM CPA LLP en tant que commissaire aux comptes indépendant pour l'exercice 2025 avec 34,0 millions de voix pour et 3,0 millions contre (92,0 % de soutien).

Proposition 3 � Say-on-Pay : La rémunération des dirigeants a été approuvée avec 20,4 millions de voix pour, 3,9 millions contre et 2,2 millions d'abstentions (76,2 % de soutien).

Aucun autre événement matériel ou résultat financier n'a été divulgué.

Am 25. Juli 2025 hielt ClearSign Technologies (CLIR) seine Jahreshauptversammlung ab, bei der 37,1 Millionen Aktien anwesend waren, was 70,8 % der ausstehenden Stimmrechte entspricht.

Vorschlag 1 � Vorstandswahlen: Alle sechs Kandidaten wurden wiedergewählt. Während Louis J. Basenese, Anthony DiGiandomenico und CEO Colin J. Deller jeweils über 98 % der abgegebenen Stimmen erhielten, erhielten Catharine M. de Lacy und Judith S. Schrecker nur etwa 33 % Unterstützung (8,7 Mio. dafür vs. 17,8 Mio. dagegen), was auf erheblichen Aktionärswiderstand hinweist. Der ehemalige Direktor David M. Maley trat zurück, und der Vorstand wurde von sieben auf sechs Sitze reduziert.

Vorschlag 2 � Abschlussprüfer: Die Aktionäre genehmigten BPM CPA LLP als unabhängigen Abschlussprüfer für das Geschäftsjahr 2025 mit 34,0 Mio. Stimmen dafür und 3,0 Mio. dagegen (92,0 % Zustimmung).

Vorschlag 3 � Say-on-Pay: Die Vergütung der Geschäftsleitung wurde mit 20,4 Mio. Stimmen dafür, 3,9 Mio. dagegen und 2,2 Mio. Enthaltungen (76,2 % Zustimmung) angenommen.

Es wurden keine weiteren wesentlichen Ereignisse oder Finanzergebnisse bekannt gegeben.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SHEEHAN JOHN P

(Last) (First) (Middle)
C/O SIGMATRON INTERNATIONAL INC.
2201 LANDMEIER RD

(Street)
ELK GROVE VILLAGE IL 60007

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SIGMATRON INTERNATIONAL INC [ SGMA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/25/2025 U 36,566(1) D $3.02 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Disposed of pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 20, 2025, by and among SigmaTron International, Inc. (the "Company"), Transom Axis AcquireCo, LLC ("Parent") and Transom Axis MergerSub, Inc. ("Merger Sub"). Pursuant to the Merger Agreement, Parent and MergerSub launched a tender offer (the "Offer") for all outstanding shares of common stock of the Company (the "Shares") for an offer price of $3.02 per share in cash, without interest and less any required tax withholding (the "Offer Consideration"). On July 25, 2025 (the "Acceptance Time"), Merger Sub accepted all of the Shares that were validly tendered and not properly withdrawn pursuant to the Offer as of the Acceptance Time, including the Shares tendered by the reporting person, in exchange for the Offer Consideration.
Remarks:
Exhibit 24.1 - Power of Attorney
/s/ Gary R. Fairhead, as Attorney-in-Fact for John Sheehan 07/28/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What was the quorum for ClearSign Technologies' (CLIR) 2025 Annual Meeting?

A quorum of 37,126,224 shares, or 70.82% of outstanding shares, was present or represented.

Which directors faced the highest opposition in CLIR's 2025 vote?

Catharine M. de Lacy and Judith S. Schrecker each received only ~33% support, with over 17.8 M votes withheld.

Was ClearSign's auditor for FY 2025 approved?

Yes. BPM CPA LLP was ratified with 34.0 M votes for and 3.0 M against.

How did shareholders vote on ClearSign's executive compensation?

The Say-on-Pay resolution passed with 20.4 M for, 3.9 M against, and 2.2 M abstentions.

Did ClearSign report any financial results or transactions in this 8-K?

No. The filing solely covers shareholder voting results; no earnings or transaction data were disclosed.
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Electronic Components
Printed Circuit Boards
United States
ELK GROVE VILLAGE