ARC Document Solutions, Inc. (NYSE:ARC) Files An 8-K Results of Operations and Financial Condition

ARC Document Solutions, Inc. (NYSE:ARC) Files An 8-K Results of Operations and Financial Condition

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Item 2.02. Results of Operations and Financial Condition

On May 2, 2017 ARC Document Solutions, Inc. (the Company) issued
a press release reporting its financial results for the First
Quarter>2017. A copy of the press release is furnished as
Exhibit 99.1 and is incorporated by reference herein.
The information contained in Item 2.02 of this Current Report on
Form 8-K, including Exhibit 99.1 attached hereto, shall not be
deemed filed for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), or
incorporated by reference into any filing of the Company under
the Securities Act of 1933, as amended, or the Exchange Act,
except as shall be expressly set forth by specific reference in
such a filing.
Item 5.07. Submission of Matters to a Vote of Security Holders
On April 27, 2017, the Company held its 2017 annual meeting of
stockholders. A total of 46,307,515 shares of the Companys common
stock were entitled to vote as of February 27, 2017, which was
the record date for the annual meeting. There were 38,611,985
shares present in person or by proxy at the annual meeting. Set
forth below are the matters voted upon by the Companys
stockholders at the 2017 annual meeting and the final voting
results of each such proposal.
Proposal 1 – Election of Directors
The stockholders elected seven directors, each to serve a
one-year term until the Companys next annual meeting of
stockholders and until their respective successors are elected
and qualified. The results of the vote were as follows:
For
Withheld
Broker Non-Votes
Kumarakulasingam Suriyakumar
33,370,244
784,180
4,457,561
Thomas J. Formolo
33,373,364
781,060
4,457,561
John G. Freeland
33,842,496
311,928
4,457,561
Dewitt Kerry McCluggage
32,459,212
1,695,212
4,457,561
James F. McNulty
33,841,986
312,438
4,457,561
Mark W. Mealy
33,371,949
782,475
4,457,561
Manuel Perez de la Mesa
33,339,321
815,103
4,457,561
Proposal 2 – Ratification of Appointment of Independent
Registered Public Accounting Firm
The Companys stockholders voted to ratify the appointment of
Deloitte Touche LLP as the Companys independent auditors for the
fiscal year ending December 31, 2017. The results of the vote
were as follows:
For
Against
Abstain
Broker Non-Votes
38,578,525
30,447
3,013
Brokers were permitted to cast stockholder non-votes at their
discretion on this proposal.
Proposal 3 – Advisory, Non-Binding Vote on Executive Compensation
The Companys stockholders approved, on a non-binding advisory
basis, the compensation paid to the Companys named executive
officers for fiscal year 2016, as disclosed in the Companys 2017
proxy statement. The results of the advisory, non-binding vote
were as follows:
For
Against
Abstain
Broker Non-Votes
33,018,805
508,897
626,722
4,457,561
Proposal 4 – Advisory, Non-Binding Vote on the Frequency of
Stockholder Votes on Executive Compensation
The Companys stockholders approved, on a non-binding advisory
basis, that the Company should hold a stockholder vote every year
on the compensation paid to the Companys named executive
officers. The results of the advisory, non-binding vote were as
follows:
1 year
2 years
3 years
Abstain
Broker Non-Votes
27,004,752
6,700
6,542,904
600,068
4,457,561
Item 8.01. Other Events
On April 27, 2017, the Board of Directors (the Board) of the
Company voted to decrease the authorized number of directors that
constitute the Board from eight (8) to seven (7).
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release of ARC Document Solutions, Inc. dated May 2,
2017>


About ARC Document Solutions, Inc. (NYSE:ARC)

ARC Document Solutions, Inc. (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales. MPS is an onsite service where it installs a complete document solution platform in its customers’ offices and project sites. Its Offsite Services offering operates over 180 offsite service centers. AIM enables its customers to store information and intellectual property in a cloud-based and searchable digital archive. The Specialized Color Printing offering is focused on color printing, finishing and assembly of graphic materials. Its Web-Based Document Management Applications develop and offer tools to its customers.

ARC Document Solutions, Inc. (NYSE:ARC) Recent Trading Information

ARC Document Solutions, Inc. (NYSE:ARC) closed its last trading session up +0.06 at 3.72 with 104,715 shares trading hands.

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