BARRETT BUSINESS SERVICES, INC. (NASDAQ:BBSI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07(d) of Form 8-K, the Company’s decision as to how
frequently the Company will conduct future stockholder advisory
votes regarding executive compensation. All other disclosures in
the Original 8-K are unchanged.
Item 5.07. Submission of Matters to a Vote of Security
Holders.
(a) The 2017 annual meeting of stockholders of Barrett Business
Services, Inc. (theCompany) was held on June1,2017.
(b) The matters considered and voted on by the Company’s
stockholders at the annual meeting and the voting results were as
follows:
Proposal 1. Seven directors were elected, each for a one-year
term, by the votes indicated.
| Nominee | Shares Voted For | Shares Voted Against | Abstentions | Broker Non-Votes | ||||
| Thomas J. Carley | 5,363,643 | 97,960 | 15,360 | 1,204,029 | ||||
| Thomas B. Cusick | 5,423,031 | 30,637 | 23,295 | 1,204,029 | ||||
| Michael L. Elich | 5,378,553 | 75,115 | 23,295 | 1,204,029 | ||||
| James B. Hicks, Ph.D. | 3,838,326 | 1,615,342 | 23,295 | 1,204,029 | ||||
| Jon L. Justesen | 3,917,187 | 1,536,481 | 23,295 | 1,204,029 | ||||
| Anthony Meeker | 3,805,430 | 1,648,238 | 23,295 | 1,204,029 | ||||
| Vincent P. Price | 5,427,962 | 25,706 | 23,295 | 1,204,029 |
Proposal 2. Approval, by non-binding vote, of the compensation
paid to the Company’s named executive officers.
| Shares Voted For | Shares Voted Against | Abstentions | Broker Non-Votes | |||||||||||
| 5,205,044 | 142,683 | 129,236 | 1,204,029 |
Proposal 3. Approval, by non-binding vote, of annual advisory
votes on executive compensation.
| One Year | Two Years | Three Years | Abstentions | Broker Non-Votes | ||||
| 4,710,083 | 5,458 | 655,904 | 105,518 | 1,204,029 |
Proposal 4. Ratification of the selection of Deloitte and Touche
LLP as the Company’s independent registered public accounting
firm for the year ending December 31, 2017.
| Shares Voted For | Shares Voted Against | Abstentions | ||
| 6,674,713 | 5,661 |
(d)After consideration of the results of the advisory vote on the
frequency of future advisory votes on executive compensation in
Proposal 3 above and other factors, the Company’s board of
directors determined, at a meeting held on June 9, 2017, that
advisory votes on executive compensation (similar to Proposal 2
above) will be submitted to stockholders on an annual basis until
the next advisory stockholder vote on the frequency of these
advisory votes is held.
About BARRETT BUSINESS SERVICES, INC. (NASDAQ:BBSI)
Barrett Business Services, Inc. (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. BBSI’s core purpose is to advocate for business owners, particularly in the small and mid-sized business segment. The Company offers two categories of services: Professional Employer Services (PEO) and Staffing. It enters into a client services agreement with its PEO clients to establish a co-employment relationship with each client company. Its staffing services include on-demand or short-term staffing assignments, contract staffing, long-term or indefinite-term on-site management and direct placement. It operates through a network of branch offices throughout California, Oregon, Washington, Arizona, Colorado, Idaho, Nevada, Utah, Delaware, Maryland, North Carolina and Virginia.
