AMERICAN AIRLINES GROUP INC. (NASDAQ:AAL) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07. Submission of Matters to a Vote of Security Holders.
On June14, 2017, American Airlines Group Inc. (the
Company) held its 2017 Annual Meeting of Stockholders (the
2017 Annual Meeting). At the 2017 Annual Meeting, the
stockholders of the Company voted on the following proposals,
each of which is described in the Companys Definitive Proxy
Statement on Schedule 14A filed with the Securities and Exchange
Commission on May1, 2017 (the Proxy Statement):
Proposal1: Election of Directors.
The stockholders elected the following individuals to the
Companys Board of Directors:
|
Nominee |
For | Against | Abstain | BrokerNon-Votes | ||||||||||||||||
|
James F. Albaugh |
362,486,515 | 3,199,432 | 521,302 | 81,731,825 | ||||||||||||||||
|
Jeffrey D. Benjamin |
362,490,552 | 3,193,816 | 522,881 | 81,731,825 | ||||||||||||||||
|
John T. Cahill |
362,223,883 | 3,445,327 | 538,039 | 81,731,825 | ||||||||||||||||
|
Michael J. Embler |
362,767,888 | 2,906,856 | 532,505 | 81,731,825 | ||||||||||||||||
|
Matthew J. Hart |
362,801,831 | 2,886,324 | 519,094 | 81,731,825 | ||||||||||||||||
|
Alberto Ibargen |
362,187,278 | 3,505,938 | 514,033 | 81,731,825 | ||||||||||||||||
|
Richard C. Kraemer |
362,151,838 | 3,519,059 | 536,352 | 81,731,825 | ||||||||||||||||
|
Susan D. Kronick |
362,745,618 | 2,925,259 | 536,372 | 81,731,825 | ||||||||||||||||
|
Martin H. Nesbitt |
361,553,783 | 4,122,813 | 530,653 | 81,731,825 | ||||||||||||||||
|
Denise M. OLeary |
362,359,463 | 3,322,818 | 524,968 | 81,731,825 | ||||||||||||||||
|
W. Douglas Parker |
359,378,549 | 6,053,083 | 775,617 | 81,731,825 | ||||||||||||||||
|
Ray M. Robinson |
356,612,405 | 9,072,339 | 522,505 | 81,731,825 | ||||||||||||||||
|
Richard P. Schifter |
361,881,514 | 3,791,370 | 534,365 | 81,731,825 |
Proposal2: Ratification of Appointment of Independent
Registered Public Accounting Firm.
The stockholders ratified the appointment of KPMG LLP as the
Companys independent registered public accounting firm for the
fiscal year ending December31, 2017.
|
For |
Against |
Abstain |
BrokerNon-Votes |
|||
| 442,501,940 | 4,562,685 | 874,449 |
Proposal3: Advisory Vote to Approve Executive
Compensation.
The stockholders approved, on a non-binding, advisory basis, the
compensation of the Companys named executive officers as
disclosed in the Proxy Statement.
|
For |
Against |
Abstain |
BrokerNon-Votes |
|||
| 357,285,175 | 8,236,469 | 685,605 | 81,731,825 |
Proposal4: Advisory Vote on the Frequency of the Advisory
Vote to Approve Executive Compensation.
The stockholders selected, on a non-binding, advisory basis, 1
Year as the frequency of the advisory vote to approve the
compensation of the Companys named executive officers as
disclosed in the Proxy Statement.
|
1 Year |
2 Years | 3 Years | Abstain | BrokerNon-Votes | |||||||||||||||||||
| 344,617,664 | 699,054 | 20,246,028 | 644,503 | 81,731,825 |
Based on these results, the Company has decided to hold a
stockholder advisory vote to approve the compensation of the
Companys named executive officers every year, until the next
stockholder advisory vote on the frequency of the stockholder
advisory vote on the compensation of named executive officers. A
stockholder advisory vote on the frequency of stockholder
advisory votes on the compensation paid to the Companys named
executive officers is required to be held at least once every six
years.
Proposal5: Stockholder Proposal Regarding an Independent
Board Chairman.
The stockholder proposal to adopt a policy regarding an
independent Board Chairman was not approved.
|
For |
Against |
Abstain |
BrokerNon-Votes |
|||
| 71,178,990 | 294,022,687 | 1,005,572 | 81,731,825 |
About AMERICAN AIRLINES GROUP INC. (NASDAQ:AAL)
American Airlines Group Inc. (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc. (American) and its regional subsidiaries, Envoy Aviation Group Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA). The Company has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C. Together with its regional airline subsidiaries and third-party regional carriers operating as American Eagle, the Company’s airline operates an average of approximately 6,700 flights per day to over 350 destinations in approximately 50 countries. The Company operates approximately 940 mainline aircraft and is supported by its regional airline subsidiaries and third-party regional carriers, which operates an additional 587 regional aircraft.