Item 5.07 Submission of Matters to a Vote of Security Holders.
OnMay 21, 2020 ,Team, Inc. , aDelaware corporation (the "Company"), held its 2020 Annual Meeting of Shareholders ("Annual Meeting"). As ofApril 2, 2020 , the record date for the Annual Meeting, 30,627,510 shares of the Company's common stock were outstanding and entitled to vote at the Annual Meeting. The following three proposals, each of which is described in detail in the Company's definitive proxy statement filed with theSecurities and Exchange Commission onApril 9, 2020 , were before the Annual Meeting: (1) the election of directors of the Company; (2) the ratification of the appointment ofKPMG LLP as the Company's independent auditors for the fiscal year endingDecember 31, 2020 ; and (3) the advisory vote on the compensation of the Named Executive Officers of the Company.
At the Annual Meeting, the nominees for election as directors set forth in Proposal 1 were each re-elected and Proposals 2 and 3 were each approved. The voting results were as follows:
Proposal #1 - Election of Four (4) Nominees as Class I Directors to Serve a Three-Year Term % of % of votes votes Broker Name Votes For cast Votes Withheld cast Non-Votes Jeffery G. Davis 24,566,367 96% 1,019,498 4% 2,508,021 Robert C. Skaggs, Jr. 24,996,498 98% 589,367 2% 2,508,021 Gary G. Yesavage 24,486,790 96% 1,099,075 4% 2,508,021 Louis A. Waters 24,396,534 95% 1,189,331 5% 2,508,021 Proposal #2 - Ratification of the Appointment ofKPMG LLP as the Company's Independent Registered Public Accounting Firm for Fiscal Year EndingDecember 31, 2020 Votes For % of votes cast Votes Against % of votes cast Abstentions % of votes cast Broker Non-Votes 27,805,043 99% 277,871 1% 10,972 0% -
Proposal #3 - Advisory Vote on the Named Executive Officer Compensation Votes For % of votes cast Votes Against % of votes cast Abstentions % of votes cast Broker Non-Votes 22,595,605 88%
2,581,997 10% 408,263 2% 2,508,021
For purposes of this Item 5.07, percentages shown have been rounded to the nearest whole percentage.
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