Motherboard issue?

Hey guys, I just set-up a system but it does not work. I have set it up properly, it turns on, fans run, but it does not beep and nothing appears on the monitor. I am using a Z97-A motherboard with the MemOK button/light. The light is red when I turn it on, pressing it resets the system and the light starts to flash for about 20 seconds then it is solid again. I have tried using one stick of memory in each slot. I have taken out all the memory and the gpu, but it still does not beep. Does this mean my motherboard is dead?



The motherboard/ram/gpu are all compatible.