Asbury Automotive Group, Inc. (NYSE:ABG) 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.
held its 2017 annual meeting of stockholders (the “Annual
Meeting”). The matters upon which the stockholders voted are set
forth below.
statement were elected, each to hold office until the 2019 Annual
Meeting and until their successors are duly elected and qualified,
based upon the following votes:
|
Nominee
|
For
|
Withheld
|
Broker Non-Votes
|
|
Juanita T. James
|
17,997,131
|
17,816
|
966,855
|
|
Craig T. Monaghan
|
18,000,702
|
14,245
|
966,855
|
|
Thomas J. Reddin
|
18,002,254
|
12,693
|
966,855
|
under the Asbury Automotive Group, Inc. 2012 Equity Incentive Plan,
as amended, was approved based on the following votes:
|
For
|
17,931,506
|
|
|
Against
|
80,234
|
|
|
Abstain
|
3,207
|
|
|
Broker Non-Votes
|
966,855
|
of the Companys named executive officers was approved based on the
following votes:
|
For
|
17,730,112
|
|
|
Against
|
282,271
|
|
|
Abstain
|
2,564
|
|
|
Broker Non-Votes
|
966,855
|
frequency of future advisory votes on executive compensation was
approved based on the following votes:
|
1 Year
|
15,125,612
|
|
|
2 Years
|
101,052
|
|
|
3 Years
|
2,786,424
|
|
|
Abstain
|
1,859
|
|
|
Broker Non-Votes
|
966,855
|
Companys independent registered public accounting firm for the year
ending December 31, 2017 was approved based on the following votes:
|
For
|
18,903,111
|
|
|
Against
|
72,756
|
|
|
Abstain
|
5,935
|
|
|
Broker Non-Votes
|
received the affirmative vote of a plurality of the votes cast
(each with a greater number of votes cast for than withheld), and
each was elected to serve for a term of two years.
cast and therefore passed. The Asbury Automotive Group, Inc. 2012
Equity Incentive Plan, as amended, was filed with the Securities
and Exchange Commission on March 21, 2017 as Appendix A to the
Company’s definitive proxy statement and is incorporated herein
by reference.
cast and therefore passed.
cast and therefore passed. The Company has determined that it
will hold an advisory vote to approve the compensation of its
named executive officers every year until the next required vote
on the frequency of the advisory vote on the compensation of the
Company’s named executive officers.
cast and therefore passed.
About Asbury Automotive Group, Inc. (NYSE:ABG)
Asbury Automotive Group, Inc. is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles; used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services, and finance and insurance, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. The Company owns and operates approximately 100 new vehicle franchises, representing over 30 brands of automobiles at over 80 dealership locations, and over 20 collision centers in the United States. The Company’s brand names included Nalley Automotive Group, Courtesy Autogroup, Coggin Automotive Group, Crown Automotive Company, David McDavid Auto Group, North Point Auto Group, Gray-Daniels Auto Family and Plaza Motor Company. Asbury Automotive Group, Inc. (NYSE:ABG) Recent Trading Information
Asbury Automotive Group, Inc. (NYSE:ABG) closed its last trading session down -0.90 at 61.35 with 219,177 shares trading hands.
