ASTEC INDUSTRIES, INC. (NASDAQ:ASTE) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

8 years ago

ASTEC INDUSTRIES, INC. (NASDAQ:ASTE) 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

Astec Industries, Inc. (the Company) held its Annual Meeting of
Shareholders on April 27, 2017. The following is a summary of the
matters voted on at the meeting:

(a) The results of the voting for the election of three directors
in Class I to each serve a three-year term were as follows:

	For		Withheld		Broker Non-Votes
William D. Gehl		20,278,910		680,021		1,140,697
William G. Dorey		20,373,395		585,536		1,140,697
Charles F. Potts		20,828,316		130,615		1,140,697

(b) The results of the voting on a non-binding resolution to
approve the compensation of the Company’s executive officers
were as follows:

Votes For		Votes Against		Abstain		Broker Non-Votes
20,775,890		171,987		11,054		1,140,697

(c) The results of the voting to recommend the frequency with
which shareholder approval of the Compensation of the Company’s
named executive officers is solicited were as follows:

1 Year		2 Years		3 Years		Abstain
17,204,753		13,124		3,375,495		5,559

(d) The results of the voting for the appointment of KPMG LLP as
the Company’s independent registered public accounting firm for
the fiscal year 2017 were as follows:

Votes For			Votes Against			Abstain
22,073,942			16,430			9,256

In light of the shareholders selection of the annual say-on-pay
votes, the Board has determined that say-on-pay votes will
continue to be held every year until the next shareholder vote on
the frequency is solicited.

Item 8.01. Other Events

On April 27, 2017, the Board of Directors of Astec Industries,
Inc. (the “Company”) declared a quarterly cash dividend of ten
cents ($0.10) per share of Company common stock to be paid on or
after May 26, 2017 to the Company’s common shareholders of
record as of May 11, 2017.

About ASTEC INDUSTRIES, INC. (NASDAQ:ASTE)
Astec Industries, Inc. designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. The Company’s products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. The Company also manufactures certain equipment and components unrelated to road construction, including equipment for the mining, quarrying, construction and demolition industries, and port and rail yard operators; gas and oil drilling rigs; water well and geothermal drilling rigs; industrial heat transfer equipment; whole-tree pulpwood chippers; horizontal grinders, and blower trucks. The Company also manufactures a line of multiple use plants for cement treated base, roller compacted concrete and ready-mix concrete. The Company’s business segments are Infrastructure Group, Aggregate and Mining Group and Energy Group. ASTEC INDUSTRIES, INC. (NASDAQ:ASTE) Recent Trading Information
ASTEC INDUSTRIES, INC. (NASDAQ:ASTE) closed its last trading session down -0.44 at 63.39 with 127,368 shares trading hands.