ALBEMARLE CORPORATION (NYSE:ALB) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
Submission of Matters to a Vote of Security Holders.
ALBEMARLE CORPORATION (NYSE:ALB) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
Submission of Matters to a Vote of Security Holders.
On May8, 2018, the Company held its Annual Meeting. During this meeting, shareholders of the Company were asked to consider and vote upon four proposals: (1)approval of the non-binding advisory resolution approving the compensation of the Company’s named executive officers; (2)election of eleven nominees set forth in our 2018 Proxy Statement to the Board of Directors; (3)approval of the amendment and restatement of the Company’s Amended and Restated Articles of Incorporation; and (4)ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December31, 2018.
As of the record date for the Annual Meeting, March8, 2018, there were 110,729,039 shares of common stock outstanding and entitled to vote, of which the holders of 92,854,364 shares of common stock were represented in person or by proxy at the Annual Meeting. For each proposal, the results of the shareholder voting were as follows:
1. Advisory vote on executive compensation. The shareholders approved on a non-binding advisory basis the compensation of the Company’s named executive officers by the votes set forth in the table below.
Voted For |
VotedAgainst |
Abstain |
BrokerNon-Votes |
75,517,257 |
6,535,941 |
439,258 |
10,361,908 |
2. Election of directors. All of the nominees for directors were elected to serve for a term which expires at the annual meeting of shareholders in 2019, by the votes set forth in the table below.
Nominee |
VotedFor |
Voted Against |
Mary Lauren Brlas |
82,125,138 |
297,987 |
William H. Hernandez |
81,658,822 |
763,025 |
Luther C. Kissam IV |
80,277,711 |
1,880,062 |
Douglas L. Maine |
82,083,619 |
340,594 |
J. Kent Masters |
78,806,322 |
3,617,004 |
James J. O'Brien |
81,511,057 |
910,965 |
Diarmuid B. O'Connell |
82,020,079 |
400,718 |
Dean L. Seavers |
82,024,528 |
398,896 |
Gerald A. Steiner |
82,088,123 |
333,768 |
Harriett Tee Taggart |
78,556,020 |
3,870,421 |
Alejandro Wolff |
78,887,487 |
3,534,572 |
There were 10,361,908 Broker Non-Votes received for each nominee.
3. Approval of the Amendment and Restatement of the Company's Articles of Incorporation. The shareholders approved the amendment and restatement of the Company’s Articles of Incorporation by the votes set forth in the table below.
Voted For |
VotedAgainst |
Abstain |
BrokerNon-Votes |
82,096,671 |
327,109 |
68,676 |
10,361,908 |
6. Ratification of appointment of independent registered public accounting firm. The appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December31, 2018 was ratified by the shareholders by the votes set forth in the table below.
Voted For |
VotedAgainst |
Abstain |
90,754,485 |
2,005,035 |
94,844 |
The proposal to ratify the appointment of PricewaterhouseCoopers LLP was a routine matter and, therefore, there were no broker non-votes relating to this matter.
About ALBEMARLE CORPORATION (NYSE:ALB)
Albemarle Corporation is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, energy storage, construction, automotive, steel and aerospace, lubricants, pharmaceuticals, crop protection, household appliances, heating, ventilation, aluminum finishing, food safety and custom chemistry services. The Company operates through the segments, including Performance Chemicals and Refining Solutions. The Company’s Performance Chemicals segment consists of product categories, including Lithium, Performance Catalyst Solutions and Bromine. The Company’s Lithium business develops advanced materials for a range of industries and end markets. The Company’s main product lines in the Refining Solutions segment are Clean Fuels Technologies, which is composed of hydroprocessing catalysts (HPC), and Heavy Oil Upgrading (HOU), which is composed of fluidized catalytic cracking (FCC) catalysts and additives.