Asbury Automotive Group, Inc. (NYSE:ABG) 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 April 18, 2018, Asbury Automotive Group, Inc. (the "Company") held its 2018 annual meeting of stockholders (the "Annual Meeting"). The matters upon which the stockholders voted are set forth below.
Proposal 1
The four Class I director nominees named in the Company's proxy statement were elected, each to hold office until the 2019 Annual Meeting and until their successors are duly elected and qualified, based upon the following votes:
|
Nominee |
For |
Withheld |
Broker Non-Votes |
|
Bridget Ryan-Berman |
18,294,022 |
15,928 |
624,102 |
|
Dennis E. Clements |
14,225,483 |
4,084,467 |
624,102 |
|
David W. Hult |
18,249,026 |
60,924 |
624,102 |
|
Eugene S. Katz |
15,858,171 |
2,451,779 |
624,102 |
Proposal 2
The proposal to approve an advisory resolution on the compensation of the Company’s named executive officers was approved based on the following votes:
|
For |
17,925,316 |
|
Against |
383,611 |
|
Abstain |
1,023 |
|
Broker Non-Votes |
624,102 |
Proposal 3
The proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2018 was approved based on the following votes:
|
For |
18,807,721 |
|
Against |
115,816 |
|
Abstain |
10,515 |
|
Broker Non-Votes |
About Asbury Automotive Group, Inc. (NYSE:ABG)
Asbury Automotive Group, Inc. is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles; used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services, and finance and insurance, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. The Company owns and operates approximately 100 new vehicle franchises, representing over 30 brands of automobiles at over 80 dealership locations, and over 20 collision centers in the United States. The Company’s brand names included Nalley Automotive Group, Courtesy Autogroup, Coggin Automotive Group, Crown Automotive Company, David McDavid Auto Group, North Point Auto Group, Gray-Daniels Auto Family and Plaza Motor Company.