AVISTA CORPORATION (NYSE:AVA) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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AVISTA CORPORATION (NYSE:AVA) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders.

The 2017 Annual Meeting of Shareholders of Avista Corp. was held
on May 11, 2017. Five proposals were submitted to shareholders as
disclosed in Avista Corp.’s Definitive Proxy Statement filed on
March 31, 2017, four of which were approved. There were
64,384,248 shares of common stock issued and outstanding as of
March 10, 2017, the proxy record date, with 58,697,248 shares
represented at said meeting. The proposals and the results of the
voting are as follows:
Proposal 1: Election of ten directors, for one-year terms
expiring at the 2018 Annual Meeting of Shareholders, and until
their successors are elected.
Director
For
Against
Abstain
Broker
Non-Votes
Erik J. Anderson
49,369,211
419,915
216,030
8,692,092
Kristianne Blake
49,107,624
732,709
164,823
8,692,092
Donald C. Burke
49,494,887
285,278
224,991
8,692,092
Rebecca A. Klein
49,524,207
299,147
181,802
8,692,092
Scott H. Maw
49,478,216
326,361
200,579
8,692,092
Scott L. Morris
48,645,857
1,181,171
178,128
8,692,092
Marc F. Racicot
49,383,485
423,786
197,885
8,692,092
Heidi B. Stanley
49,467,695
366,966
170,495
8,692,092
R. John Taylor
45,917,907
3,862,199
225,050
8,692,092
Janet D. Widmann
49,493,493
342,293
169,370
8,692,092
All directors were elected for one-year terms expiring as of the
date of the 2018 Annual Meeting of Shareholders as the number of
votes cast for each nominee exceeded the number of votes against.
Abstentions and broker non-votes had no effect on the election.
Proposal 2:>Amendment of the Company’s Restated Articles of
Incorporation (Articles) to reduce certain shareholder approval
requirements. This proposal would have reduced the voting
requirements for certain amendments to the Articles and
transactions with an Interested Shareholder (as defined in the
Articles) to the holders of the majority of the outstanding
shares of common stock (from the current 80 percent requirement
contained in the Articles).
For
Against
Abstain
Broker
Non-Votes
48,554,819
1,152,726
297,611
8,692,092
This proposal was not approved as it did not receive the
affirmative vote of the holders of 80 percent of the issued and
outstanding shares of Avista Corp. common stock. Abstentions and
broker non-votes had the same effect as negative votes.
Proposal 3: Ratification of the appointment of Deloitte Touche
LLP as the Company’s independent registered public accounting
firm for 2017.
For
Against
Abstain
Broker
Non-Votes
57,589,730
875,436
232,082
N/A
This proposal was approved as the number of votes cast for
exceeded the number of votes against. Abstentions had no effect
on the outcome.
Proposal 4:>Advisory (non-binding) vote on executive
compensation.
For
Against
Abstain
Broker
Non-Votes
47,988,493
1,593,111
423,552
8,692,092
This advisory (non-binding) resolution was approved as the number
of votes cast for exceeded the number of votes against.
Abstentions and broker non-votes had no effect on the outcome.
Proposal 5:>Advisory (non-binding) vote on the frequency of
advisory votes on executive compensation, recommending whether
advisory votes should occur every one, two or three years.
1 Year
2 Years
3 Years
Abstain
36,402,278
610,098
12,627,075
365,705
The 1 year frequency of advisory (non-binding) votes on executive
compensation was approved as the number of votes cast for “1
Year” exceeded the number of votes cast for “2 Years” and “3
Years.” Abstentions had no effect on the outcome.


About AVISTA CORPORATION (NYSE:AVA)

Avista Corporation is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon. AEL&P is a utility providing electric services in Juneau, Alaska. It operates other businesses, including sheet metal fabrication, venture fund investments and real estate investments, as well as certain other investments of Avista Capital, Inc., a subsidiary of the Company. Through Advanced Manufacturing and Development (AM&D), doing business as METALfx, the Company performs custom sheet metal fabrication of electronic enclosures, parts and systems for the computer, construction, telecommunication, renewable energy and medical industries.

AVISTA CORPORATION (NYSE:AVA) Recent Trading Information

AVISTA CORPORATION (NYSE:AVA) closed its last trading session up +0.38 at 41.60 with 357,421 shares trading hands.