Item 5.07 Submission of Matters to a Vote of Security Holders
The following matters were submitted to a vote of common shareholders at the
2020 annual meeting of stockholders of
Election of Directors
Management's nominees for election to the board of directors, as listed in the Company's proxy statement, were elected for two-year terms; with the results of the voting as follows: Broker Nominee For Withheld Against Non-Votes C. Michael Ford 3,286,464 1,059,213 0 1,274,970 Christopher H. B. Mills 3,292,427 1,053,250 0 1,274,970 Howard E. Turner 3,276,450 1,069,227 0 1,274,970
As indicated in the table above,
Management also proposed the ratification of the appointment of the Company's independent auditors for the 2021 fiscal year. The table below summarizes the results of the voting on these proposals by the Company's stockholders:
Ratification of the appointment of
For Against Abstentions 5,398,921 216,257 5,469
As indicated in the above table, the proposal to ratify the appointment of the Company's independent auditors for the 2021 fiscal year was approved.
Management also proposed: (i) a non-binding advisory vote on executive compensation, (ii) a non-binding advisory vote on the frequency of the vote on executive compensation. The table below summarizes the results of the voting on these proposals by the Company's stockholders:
Approval of a non-binding advisory resolution relating to the compensation of the Company's Named Executive Officers.
For Against Abstentions Broker Non-votes 3,620,166 661,959 63,552 1,274,970
As indicated in the above table, the proposal to approve executive compensation was approved.
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Approval of a non-binding advisory resolution on the frequency (every one, two or three years) of the non-binding vote to approve the compensation of the Company's Named Executive Officers.
Every Year Every Two Years Every Three Years Abstentions 1,597,978 12,175 2,732,353 3,171
As indicated in the above table, the proposal was approved to hold such advisory vote every three-years.
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