ADTRAN, Inc. (NASDAQ:ADTN) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submission of Matters to a Vote of Security Holders.
ADTRAN, Inc. held its Annual Meeting of Stockholders on May 10,
2017 (Annual Meeting). At the Annual Meeting, ADTRANs
stockholders (i) elected seven directors to serve a one year term
expiring at the 2018 Annual Meeting of Stockholders (Proposal 1);
(ii) approved, on an advisory basis, the executive compensation
policies of ADTRAN as well as the compensation of the named
executive officers (Proposal 2A); (iii) voted, on an advisory
basis, as to whether future advisory votes to approve ADTRANs
executive compensation policies and the compensation of the named
executive officers should occur every one, two or three years
(Proposal 2B); and (iv) ratified the appointment of
PricewaterhouseCoopers LLP to serve as our independent registered
public accounting firm for 2017 (Proposal 3). The voting results
for these proposals are presented in the tables below:
Proposal 1 Election of Directors
|
For |
Withheld |
Broker Non-Votes |
|||
|
Thomas R. Stanton |
41,235,171 |
856,037 |
3,443,754 |
||
|
H. Fenwick Huss |
41,868,976 |
222,232 |
3,443,754 |
||
|
William L. Marks |
41,505,834 |
585,374 |
3,443,754 |
||
|
Anthony J. Melone |
41,944,780 |
146,428 |
3,443,754 |
||
|
Balan Nair |
41,945,407 |
145,801 |
3,443,754 |
||
|
Jacqueline H. Rice |
41,980,074 |
111,134 |
3,443,754 |
||
|
Kathryn A. Walker |
41,684,421 |
406,787 |
3,443,754 |
||
Proposal 2A Advisory Vote on Executive Compensation
|
For |
Against |
Abstain |
Broker Non-Votes |
||||
|
40,987,084 |
970,715 |
133,409 |
3,443,754 |
||||
Proposal 2B Advisory Vote on the Frequency of Future Advisory
Votes on Executive Compensation
|
3 Years |
2 Years |
1 Year |
Abstain |
Broker Non-Votes |
|||||
|
8,682,345 |
18,897 |
33,353,780 |
36,186 |
3,443,754 |
|||||
Based on these voting results, at this time, ADTRAN, Inc. will
maintain its current policy of holding an Advisory Vote Related
to Executive Compensation every year.
Proposal 3 Ratification of the appointment of
PricewaterhouseCoopers LLP as our independent registered public
accounting firm for 2017
|
For |
Against |
Abstain |
|||
|
44,917,589 |
597,391 |
19,982 |
|||
About ADTRAN, Inc. (NASDAQ:ADTN)
ADTRAN, Inc. is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: the Carrier Networks Division and the Enterprise Networks Division. Its Carrier Networks Division supplies the network access products, services and supports that service providers require to connect their customers to transmission and switching networks. Its Enterprise Networks Division delivers a portfolio of networking and communications solutions for small and medium-sized businesses, as well as distributed enterprises. Its portfolio includes Cloud Connectivity solutions, such as Internet Protocol (IP) business gateways and access routers, which provide business access to service provider networks, and Enterprise Communications solutions, which enable businesses to construct voice, data and video networks at the customer’s site or among distributed sites. ADTRAN, Inc. (NASDAQ:ADTN) Recent Trading Information
ADTRAN, Inc. (NASDAQ:ADTN) closed its last trading session 00.00 at 20.25 with 373,220 shares trading hands.