Avis Budget Group, Inc. (NASDAQ:CAR) 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. |
2017 Annual Meeting of Stockholders in Wilmington, Delaware. The
following matters were submitted to a vote of stockholders and
the voting results were as follows:
| (1) | Election of Directors: The twelve nominees named in the Companys 2017 proxy statement were elected to serve a one-year term expiring in 2018 and until their successors are duly elected and qualified, based upon the following votes: |
| Director Nominee | Votes For | Votes Against | Abstain | Broker Non-Votes | ||||
| Ronald L. Nelson | 62,802,323 | 3,122,675 | 47,073 | 6,573,728 | ||||
| Brian J. Choi | 64,494,523 | 1,345,271 | 132,277 | 6,573,728 | ||||
| Mary C. Choksi | 64,888,121 | 979,054 | 104,896 | 6,573,728 | ||||
| Leonard S. Coleman | 64,113,782 | 1,730,610 | 127,679 | 6,573,728 | ||||
| Larry D. De Shon | 64,734,578 | 1,159,657 | 77,836 | 6,573,728 | ||||
| Jeffrey H. Fox | 64,918,248 | 948,925 | 104,898 | 6,573,728 | ||||
| John D. Hardy, Jr. | 64,764,687 | 1,073,895 | 133,489 | 6,573,728 | ||||
| Lynn Krominga | 64,888,133 | 981,729 | 102,209 | 6,573,728 | ||||
| Eduardo G. Mestre | 64,916,834 | 942,157 | 113,080 | 6,573,728 | ||||
| F. Robert Salerno | 64,960,013 | 945,826 | 66,232 | 6,573,728 | ||||
| Stender E. Sweeney | 64,736,786 | 1,131,311 | 103,974 | 6,573,728 | ||||
| Sanoke Viswanathan | 64,809,249 | 1,035,601 | 127,221 | 6,573,728 |
| (2) | Ratification of Appointment of Independent Registered Accounting Firm:>>The appointment of Deloitte Touche LLP to serve as the Companys independent registered accounting firm for fiscal year 2017 was ratified as follows: |
| Votes For | Votes Against | Abstain | ||
| 71,744,845 | 661,404 | 139,550 |
| (3) | Advisory Approval of the Compensation of our Named Executive Officers: The proposal to approve, on an advisory basis, the compensation of the Companys named executive officers, as described in the Companys 2017 proxy statement, was approved by the following votes: |
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||
| 65,392,323 | 526,928 | 52,820 | 6,573,728 |
| (4) | Advisory Vote on the Frequency of the Advisory Vote on Executive Compensation: A majority of the Companys shareholders recommended, on a non-binding advisory basis, to hold an advisory vote on executive compensation on an annual basis, by the votes set forth in the table below: |
| One-Year Frequency Vote | Two-Year Frequency Vote | Three -Year Frequency Vote | Abstain | Broker Non-Votes | ||||
| 53,705,945 | 143,102 | 12,009,520 | 113,504 | 6,573,728 |
recommendation, the Board of Directors has determined to continue
to hold an advisory vote on executive compensation on an annual
basis (i.e., every year).
About Avis Budget Group, Inc. (NASDAQ:CAR)
Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. It also owns Payless, which a car rental brand, and Apex, which is a car rental brand in New Zealand and Australia. It operates in two segments: Americas and International. The Americas segment provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its car sharing business in certain of these markets. The International segment provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, South America, Central America, the Caribbean, Australia and New Zealand, and operates its car sharing business in certain of these markets. Avis Budget Group, Inc. (NASDAQ:CAR) Recent Trading Information
Avis Budget Group, Inc. (NASDAQ:CAR) closed its last trading session up +0.84 at 22.38 with 4,071,457 shares trading hands.
