Market Exclusive

Acushnet Holdings Corp. (NYSE:GOLF) Files An 8-K Submission of Matters to a Vote of Security Holders

Acushnet Holdings Corp. (NYSE:GOLF) Files An 8-K Submission of Matters to a Vote of Security Holders

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

On June 12, 2017, Acushnet Holdings Corp. (the Company) held its
2017 Annual Meeting of Stockholders (the Annual Meeting). For
more information on the following proposals submitted to
stockholders, see the Companys definitive proxy statement dated
April 28, 2017.Below are the final voting results.

Proposal No. 1 – Election of Directors

Stockholders elected the Class I director nominees listed below
to serve as members of the Companys Board of Directors for a
three-year term. The voting results for each nominee were as
follows:

Name

Votes For

Votes Withheld

Broker Non-Votes

Yoon Soo (Gene) Yoon

68,215,675

3,303,889

1,230,811

David Valcourt

66,885,422

4,634,142

1,230,811

Norman Wesley

66,904,592

4,614,972

1,230,811

Proposal No. 2 – Ratification of Appointment of the Independent
Registered Public Accounting Firm

Stockholders ratified the appointment of
PricewaterhouseCoopersLLP as the independent registered public
accounting firm of the Company for the fiscal year ending
December31, 2017. The voting results were as follows:

Votes For

Votes Against

Votes Abstained

Broker Non-Votes

72,742,212

6,973

1,190

n/a

Proposal No. 3 – Non-Binding Vote to Approve Executive
Compensation

Stockholders approved, in a non-binding advisory vote, the
compensation of the Companys named executive officers for fiscal
year 2016. The voting results were as follows:

Votes For

Votes Against

Votes Abstained

Broker Non-Votes

61,581,976

9,894,901

42,687

1,230,811

Proposal No. 4 – Non-Binding Vote on the Frequency of Future
Votes on Executive Compensation

Stockholders recommended, in a non-binding advisory vote, that a
non-binding advisory vote on the compensation paid to the
Companys named executive officers should be submitted to
stockholders every year. The voting results were as follows:

One Year

Two Years

Three Years

Votes Abstained

Broker Non-Votes

71,228,409

156,165

133,290

1,700

1,230,811

Based on the results of the vote, and consistent with the Board
of Directors recommendation, the Board of Directors of the
Company has determined that future non-binding votes of
stockholders to approve the compensation paid to the Companys
named executive officers will be submitted annually to the
Companys stockholders until the next non-binding stockholder vote
on the frequency of stockholder votes on executive compensation,
or until the Board of Directors otherwise determines a different
frequency for such non-binding votes.

About Acushnet Holdings Corp. (NYSE:GOLF)
Acushnet Holdings Corp. is engaged in the design, development, manufacture and distribution of golf products. The Company is engaged in various product categories, such as golf clubs, wedges, putters, golf gloves, golf gear and golf wear. The Company operates in four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear. The company’s Titleist golf ball segment is engaged in designing and manufacturing a golf ball. It sells Titleist Pro V1. The Company also designs, manufactures and sells other golf balls under the Titleist brand, such as NXT Tour, Velocity and DT TruSoft, as well as under the Pinnacle brand. The Company designs, assembles and sells golf clubs (drivers, fairways, hybrids and irons) under the Titleist brand, wedges under the Vokey Design brand, and putters under the Scotty Cameron brand. Titleist golf clubs, Vokey Design wedges and Scotty Cameron putters are used by the players.

Exit mobile version