Canterbury Park Holding Corporation (NASDAQ:CPHC) 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.
On June 5, 2019, the Company held its Annual Meeting at 1100 Canterbury Road, Shakopee, Minnesota 55379. At the close of business on April 8, 2019, the record date for the Annual Meeting, a total of 4,575,158 shares of Common Stock, par value $0.01 per share (the “Common Stock”), of the Company were outstanding. At the Annual Meeting, 4,216,536 shares, or approximately 92.0% of the outstanding shares of Common Stock, were represented by proxy or in person and, therefore, a quorum was present at the Annual Meeting. Shares were voted at the Annual Meeting on the matters submitted to a vote of the shareholders as follows:
Proposal 1 — To elect directors of the Company to hold office until the next Annual Meeting of Shareholders or until their respective successors have been elected and qualified.
Proposal 2 — To ratify and approve the appointment of Wipfli LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2019.
Proposal 3 – To cast an advisory vote approving executive compensation.
Proposal 4 – To cast a non-binding advisory vote on the frequency of future non-binding votes on executive compensation.
to the foregoing votes, each of Curtis A. Sampson, Dale H. Schenian, Randall D. Sampson, Burton F. Dahlberg, and Carin J. Offerman were elected to serve as directors until the 2020 Annual Meeting of shareholders; the appointment of Wipfli LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2019 was ratified; the Company’s shareholders adopted a non-binding resolution approving the compensation of the Company’s named executive officers, as described in the Company’s proxy statement for the 2019 Annual Meeting; and a majority of the Company’s shareholders cast a non-binding, advisory vote in favor of conducting future Say-on-Pay votes on a triennial basis.
Subsequent to the Annual Meeting, the Company’s Board of Directors met on June 5, 2019 and determined that the Company will hold future votes asking shareholders to approve the compensation of the Company’s named executive officers on a triennial basis.
