Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 22, 2011, Gulf Resources, Inc. (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”) to vote on the following matters:
1. Election of Directors
All of the following seven nominees were elected to the Company’s Board of Directors, in accordance with the voting results listed below, to serve for a term of one year, until the next Annual Meeting and until their successors have been duly elected and have qualified.
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Ming Yang
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18,684,472
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0
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399,636
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9,348,576
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Xiaobin Liu
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18,692,079
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0
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392,029
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9,348,576
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Naihui Miao
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18,639,726
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0
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444,382
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9,348,576
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Yafei Ji
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18,559,815
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0
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524,293
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9,348,576
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Shitong Jiang
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18,300,720
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0
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783,388
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9,348,576
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Yang Zou
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18,707,852
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0
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376,256
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9,348,576
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Nan Li
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18,551,754
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0
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532,354
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9,348,576
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2. Ratification of the Company’s Independent Auditors
Stockholders ratified the appointment of BDO Limited as the independent auditors of the Company for the fiscal year ended December 31, 2011, in accordance with the voting results listed below.
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27,719,736
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639,008
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73,940
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0
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3. Amendment to the 2007 Equity Incentive Plan
Stockholders approved the Amendment to the 2007 Equity Incentive Plan to increase the number of shares of the Company’s common stock reserved for issuance under the plan to 4,341,989.
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16,624,814
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2,416,830
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42,464
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9,348,576
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4. Advisory Vote on Executive Compensation
Stockholders approved the compensation paid to the Company’s named executive officers as disclosed in the 2011 Proxy Statement under “Executive Compensation” and discussed under “Compensation Discussion and Analysis” on an advisory basis, in accordance with the voting results listed below.
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18,832,124
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222,160
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29,824
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9,348,576
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5. Advisory Vote on Frequency of Executive Compensation
Stockholders recommended, by a non-binding vote, that the
advisory
vote to approve the compensation of the Company’s named executive officers should occur every year. The results of the vote were as follows.
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18,841,972
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105,547
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107,992
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28,597
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The Company’s Decision as to Say-on-Frequency
In light of the shareholders’ recommendation that the
advisory vote to approve the compensation of the Company’s named executive officers should occur every year, the Board has determined that the Company will hold the next
advisory vote on the compensation of the Company’s named executive officers at the Company’s 2012 annual meeting of shareholders.
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.
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Date: June 23, 2011
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By:
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/s/ Xiaobin Liu
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Name:
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Title:
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