AMERCO (NASDAQ:UHAL) Files An 8-K Submission of Matters to a Vote of Security Holders

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AMERCO (NASDAQ:UHAL) 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 August 24, 2017, AMERCO (the “Company”) held its 2017 Annual Meeting of Stockholders. At such meeting our stockholders voted upon and approved: (i) the election of Edward J. Shoen, James E. Acridge, John P. Brogan, John M. Dodds, James J. Grogan, Karl A. Schmidt and Samuel J. Shoen as directors of the Company, to serve until the 2018 Annual Meeting of Stockholders of the Company (“Proposal 1”); (ii) an advisory vote on the approval of compensation paid to the Company’s Named Executive Officers (“Proposal 2”); (iii) an advisory vote on the frequency of future advisory votes on the compensation of the Company’s Named Executive Officers (once every year, once every two years or once every three years) (“Proposal 3”); (iv) the ratification of the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ended March 31, 2018 (“Proposal 4”) and (v) a proposal received from Company stockholder proponents to ratify and affirm the decisions and actions taken by the Board of Directors and executive officers of the Company, with respect to AMERCO, its subsidiaries, and its various constituencies, for the fiscal year ended March 31, 2017 (“Proposal 5”).

The following table sets forth the votes cast for, against or withheld, as well as the number of abstentions and broker non-votes with respect to each matter voted on at the 2017 Annual Meeting of Stockholders of AMERCO.

Votes

Cast For

Votes

Cast Against

Votes

Withheld

Abstentions

Broker

Non-votes

Proposal 1

Edward J. Shoen

15,222,102

–

1,553,343

–

931,900

James E. Acridge

16,711,143

–

64,302

–

931,900

John P. Brogan

16,483,910

–

291,535

–

931,900

John M. Dodds

16,590,354

–

185,091

–

931,900

James J. Grogan

16,722,232

–

53,213

–

931,900

Karl A. Schmidt

16,722,316

–

53,129

–

931,900

Samuel J. Shoen

15,127,445

–

1,648,000

–

931,900

Proposal 2

16,645,069

109,939

–

20,437

931,900

Proposal 3: (once every year)

2,942,688

–

–

–

–

Proposal 3: (once every two years)

46,138

–

–

–

–

Proposal 3: (once every three years)

13,762,309

–

–

–

–

Proposal 3

–

–

–

24,310

931,900

Proposal 4

17,656,131

40,411

–

10,803

–

Proposal 5

14,233,073

2,518,261

–

24,111

931,900


About AMERCO (NASDAQ:UHAL)

AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc. (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites. The Company operates through three segments: Moving and Storage; Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the operations of AMERCO, U-Haul and Amerco Real Estate Company, and the subsidiaries of U-Haul and Real Estate. The Property and Casualty Insurance segment consists of the operations of Repwest Insurance Company and its subsidiaries, and ARCOA Risk Retention Group. The Life Insurance segment consists of the operations of Oxford Life Insurance Company and its subsidiaries.