Alamo Group Inc. (NYSE:ALG) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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Alamo Group Inc. (NYSE:ALG) 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 May 4, 2017, Alamo Group Inc. (the Company) held its annual
meeting of stockholders (the Annual Meeting). The matters listed
below were submitted to a vote of the stockholders through the
solicitation of proxies, and the proposals are described in
detail in the Companys proxy statement filed with the Securities
and Exchange Commission on March 17, 2017.
Set forth below, with respect to each proposal, are the number of
votes cast for or against, the number of abstentions and the
number of broker non-votes:
Proposal 1 – Election of directors
The majority of stockholders approved the election of all seven
of the nominees for director to serve until the next Annual
Meeting or until their successors are duly elected and qualified.
The voting results were as follows:
For
Against
Abstain
Broker
Non-Votes
Roderick R. Baty
9,925,921
20,047
196,586
637,326
Robert P. Bauer
9,921,492
24,376
196,686
637,326
Eric P. Etchart
9,921,393
24,575
196,586
637,326
David W. Grzelak
9,925,104
20,764
196,686
637,326
Gary L. Martin
9,922,001
24,354
196,199
637,326
Tracy C. Jokinen
9,924,709
21,059
196,788
637,326
Ronald A. Robinson
9,927,802
18,166
196,586
637,326
Proposal 2 – Advisory vote on compensation of named executive
officers
The stockholders approved, on an advisory, non-binding basis, the
compensation of our named executive officers as described in our
Proxy Statement, by the votes set forth in the table below:
For
Against
Abstain
Broker
Non-Votes
9,658,911
275,996
207,647
637,326
Proposal 3 – Advisory vote on the frequency of the advisory vote
on compensation of named executive officers
The stockholders voted, on an advisory, non-binding basis, that
the frequency of the advisory vote on compensation of named
executive officers should be held as set forth in the table
below:
1 Year
2 Years
3 Years
Abstain
Broker
Non-Votes
7,150,575
8,992
2,781,633
201,354
637,326
Based on these results and consistent with a majority of votes
cast with respect to this matter, the Companys board of directors
has adopted a policy to hold an advisory vote on compensation of
named executive officers every year.
Proposal 4 – Ratification of appointment of KPMG LLP as
independent auditor for fiscal year 2017
The appointment of KPMG LLP to serve as the Company’s
independent auditor for the fiscal year ending December 31, 2017
was ratified. The voting results were as follows:
For
Against
Abstain
Broker
Non-Votes
10,442,876
90,524
246,750


About Alamo Group Inc. (NYSE:ALG)

Alamo Group Inc. is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket. As of December 31, 2016, the Company operated 24 plants in North America, Europe, Australia and Brazil. The Company sells its products through a network of independent dealers and distributors to Governmental end users, related independent contractors, as well as to the agricultural and commercial turf markets. It also offers replacement parts for each of its wholegoods lines. The Company’s products are sold through various marketing organizations, and dealer and distributor networks.

Alamo Group Inc. (NYSE:ALG) Recent Trading Information

Alamo Group Inc. (NYSE:ALG) closed its last trading session down -0.93 at 83.99 with 69,882 shares trading hands.