AVISTA CORPORATION (NYSE:AVA) Files An 8-K Submission of Matters to a Vote of Security Holders

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ME Staff 8-k

8 years ago

AVISTA CORPORATION (NYSE:AVA) 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.

The 2017 Annual Meeting of Shareholders of Avista Corp. was held
on May 11, 2017. Five proposals were submitted to shareholders as
disclosed in Avista Corp.’s Definitive Proxy Statement filed on
March 31, 2017, four of which were approved. There were
64,384,248 shares of common stock issued and outstanding as of
March 10, 2017, the proxy record date, with 58,697,248 shares
represented at said meeting. The proposals and the results of the
voting are as follows:

Proposal 1: Election of ten directors, for one-year terms
expiring at the 2018 Annual Meeting of Shareholders, and until
their successors are elected.



Director	For	Against	Abstain	Broker Non-Votes
Erik J. Anderson	49,369,211	419,915	216,030	8,692,092
Kristianne Blake	49,107,624	732,709	164,823	8,692,092
Donald C. Burke	49,494,887	285,278	224,991	8,692,092
Rebecca A. Klein	49,524,207	299,147	181,802	8,692,092
Scott H. Maw	49,478,216	326,361	200,579	8,692,092
Scott L. Morris	48,645,857	1,181,171	178,128	8,692,092
Marc F. Racicot	49,383,485	423,786	197,885	8,692,092
Heidi B. Stanley	49,467,695	366,966	170,495	8,692,092
R. John Taylor	45,917,907	3,862,199	225,050	8,692,092
Janet D. Widmann	49,493,493	342,293	169,370	8,692,092

All directors were elected for one-year terms expiring as of the
date of the 2018 Annual Meeting of Shareholders as the number of
votes cast for each nominee exceeded the number of votes against.
Abstentions and broker non-votes had no effect on the election.

Proposal 2:>Amendment of the Company’s Restated Articles of
Incorporation (Articles) to reduce certain shareholder approval
requirements. This proposal would have reduced the voting
requirements for certain amendments to the Articles and
transactions with an Interested Shareholder (as defined in the
Articles) to the holders of the majority of the outstanding
shares of common stock (from the current 80 percent requirement
contained in the Articles).

This proposal was not approved as it did not receive the
affirmative vote of the holders of 80 percent of the issued and
outstanding shares of Avista Corp. common stock. Abstentions and
broker non-votes had the same effect as negative votes.

Proposal 3: Ratification of the appointment of Deloitte Touche
LLP as the Company’s independent registered public accounting
firm for 2017.

This proposal was approved as the number of votes cast for
exceeded the number of votes against. Abstentions had no effect
on the outcome.

Proposal 4:>Advisory (non-binding) vote on executive
compensation.

This advisory (non-binding) resolution was approved as the number
of votes cast for exceeded the number of votes against.
Abstentions and broker non-votes had no effect on the outcome.

Proposal 5:>Advisory (non-binding) vote on the frequency of
advisory votes on executive compensation, recommending whether
advisory votes should occur every one, two or three years.

The 1 year frequency of advisory (non-binding) votes on executive
compensation was approved as the number of votes cast for “1
Year” exceeded the number of votes cast for “2 Years” and “3
Years.” Abstentions had no effect on the outcome.

About AVISTA CORPORATION (NYSE:AVA)
Avista Corporation is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon. AEL&P is a utility providing electric services in Juneau, Alaska. It operates other businesses, including sheet metal fabrication, venture fund investments and real estate investments, as well as certain other investments of Avista Capital, Inc., a subsidiary of the Company. Through Advanced Manufacturing and Development (AM&D), doing business as METALfx, the Company performs custom sheet metal fabrication of electronic enclosures, parts and systems for the computer, construction, telecommunication, renewable energy and medical industries. AVISTA CORPORATION (NYSE:AVA) Recent Trading Information
AVISTA CORPORATION (NYSE:AVA) closed its last trading session up +0.38 at 41.60 with 357,421 shares trading hands.