YUNHONG CTI LTD. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Submission of Matters to a Vote of Security Holders (form 8-K)

About this update from Yunhong Green Cti Ltd.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard. As previously reported, on January 12, 2022 , Yunhong CTI Ltd. ("CTI" or the "Company"), received a notice (the "Notice") of failure to satisfy a continued listing standard from Nasdaq under Listing Rules 5620 (a) and 5810(c)(2)(G). The Notice indicated that the Company failed to hold an annual meeting of stockholders within the required twelve-month period. The Company had 45 days to submit a plan to regain compliance. Failure to regain compliance with standards for continued listing would have resulted in the ultimate de-listing of CTI's common stock, ticker symbol "CTIB", from Nasdaq. The Company responded with a plan designed to regain compliance. That plan was accepted. On June 17, 2022 , the Company convened its Annual Meeting of shareholders for the purpose of holding a shareholder vote (the "Annual Meeting"), thereby regaining compliance with the Listing Rules set forth above. Item 5.07 Submission of Matters to a Vote of Security Holders. On June 17, 2022 , Yunhong CTI Ltd. (the "Company") convened its Annual Meeting of shareholders for the purpose of holding a shareholder vote (the "Annual Meeting"). At the Annual Meeting, the shareholders of the Company voted to: 1. To elect 5 directors to hold office for a one-year term that will expire at the 2023 annual meeting of shareholders ("Proposal 1"); 2. To approve an increase of 500,000 shares of our common stock available for grant under our Stock Incentive Plan ("Proposal 2"); 3. To ratify the appointment of LJ Soldinger Associates, LLC as auditors of the Company for the fiscal year ending December 31, 2022 ("Proposal 3"); and 4. To transact such other business as may property come before the meeting ("Proposal 4") The proposals are described in detail in the Company's definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on May 3, 2022 . The number of shares of common stock entitled to vote at the Annual Meeting was 5,911,750. The number of shares of common stock present or represented by valid proxy at the Annual Meeting was 3,409,276. Proposals 1, 2, 3, and 4 submitted to a vote of the Company's shareholders at the Annual Meeting were approved. The votes cast with respect to each matter voted upon are set forth below. Proposal 1: Frank Cesario Votes For Votes Against Withheld Brokers Non-Votes 1,013,287 0 21,584 0 Yubao Li Votes For Votes Against Withheld Brokers Non-Votes 1,011,585 0 23,286 0 Douglas Bosley Votes For Votes Against Withheld Brokers Non-Votes 1,013,292 0 21,579 0 Gerald (J.D.) Roberts, Jr. Votes For Votes Against Withheld Brokers Non-Votes 1,013,292 0 21,579 0 Philip Wong Votes For Votes Against Withheld Brokers Non-Votes 1,013,090 0 21,781 0 -------------------------------------------------------------------------------- Proposal 2: Votes For Votes Against Abstain Brokers Non-Votes 772,771 260,413 1,687 0 Proposal 3: Votes For Votes Against Abstain Brokers Non-Votes 3,375,243 18,891 15,142 0 Proposal 4: Votes For Votes Against Abstentions 799,667 228,536 6,668 -------------------------------------------------------------------------------- © Edgar Online, source Glimpses

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