Career Education Corporation (NASDAQ:CECO) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
|
Submission of Matters to a Vote of Security Holders. |
The Company held its Annual Meeting of Stockholders on May23,
2017 and the following matters were voted on at that meeting:
| (1) |
The Companys stockholders voted as follows to elect eight directors to the Companys Board of Directors: |
|
Directors: |
Votes For: | Against: | Abstain: | BrokerNon-Votes: | ||||||||||||
|
Dennis H. Chookaszian |
51,851,583 | 1,484,542 | 32,726 | 7,715,729 | ||||||||||||
|
Kenda B. Gonzales |
53,167,855 | 148,196 | 52,800 | 7,715,729 | ||||||||||||
|
Patrick W. Gross |
51,906,046 | 1,430,335 | 32,470 | 7,715,729 | ||||||||||||
|
Gregory L. Jackson |
52,688,507 | 647,572 | 32,772 | 7,715,729 | ||||||||||||
|
Thomas B. Lally |
52,967,332 | 368,777 | 32,742 | 7,715,729 | ||||||||||||
|
Todd S. Nelson |
53,011,999 | 324,126 | 32,726 | 7,715,729 | ||||||||||||
|
Leslie T. Thornton |
52,847,763 | 488,362 | 32,726 | 7,715,729 | ||||||||||||
|
Richard D. Wang |
52,658,704 | 657,347 | 52,800 | 7,715,729 |
| (2) |
The Companys stockholders approved, on a nonbinding advisory basis, the executive compensation paid by the Company to its named executive officers, by the votes set forth in the table below: |
|
Votes For: |
Against: |
Abstain: |
Broker Non-Votes: |
|||
|
43,026,982 |
10,331,476 | 10,393 | 7,715,729 |
| (3) |
The Companys stockholders recommended, on a nonbinding advisory basis, an annual frequency of holding a nonbinding stockholder advisory vote on the executive compensation paid by the Company to its named executive officers, by the votes set forth in the table below: |
|
1 Year: |
2 Years: |
3 Years: |
Abstain: |
Broker Non-Votes: |
||||
|
39,522,893 |
1,565,972 | 12,276,273 | 3,713 | 7,715,729 |
In light of such vote, the Company will hold a nonbinding
stockholder advisory vote on executive compensation on an annual
basis until the next required vote on the frequency of such
nonbinding stockholder advisory vote or until the Companys Board
of Directors otherwise determines that a different frequency for
such vote is in the best interests of the Companys stockholders.
| (4) |
The Companys stockholders voted as follows to ratify the selection of Grant Thornton LLP as the independent registered public accounting firm to audit the Companys financial statements for the year ended December31, 2017: |
|
Votes For: |
Against: |
Abstain: |
Broker Non-Votes |
|||
|
61,068,893 |
10,040 | 5,647 |
About Career Education Corporation (NASDAQ:CECO)
Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels. The Company’s operating segments include CTU, AIU, Culinary Arts, Transitional Group, and Corporate and Other. Its University group consists of AIU and CTU, which serve students online with career-focused degree programs. Its Career Colleges Group consists of Culinary Arts and Transitional Group segments. The Culinary Arts segment includes Le Cordon Bleu institutions in North America (LCB), which offer hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking in the commercial-grade kitchens of Le Cordon Bleu. Career Education Corporation (NASDAQ:CECO) Recent Trading Information
Career Education Corporation (NASDAQ:CECO) closed its last trading session up +0.10 at 9.79 with 320,122 shares trading hands.
