BLUE CAPITAL REINSURANCE HOLDINGS LTD. (NYSE:BCRH) Files An 8-K Submission of Matters to a Vote of Security Holders
ITEM5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The Companys 2017 Annual General Meeting of Shareholders (the
2017 Annual Meeting) was held on May9, 2017. The following
summarizes each of the 2017 Annual Meeting proposals and the
voting results thereon:
I.Approval of Five Member Board and Election of
Directors
The Companys Bye-Laws provide for a classified Board, divided
into three classes of approximately equal size. At the 2017
Annual Meeting, Company shareholders (the Shareholders) voted to
fix the number of directors at five and to elect two ClassA
director nominees to the Companys Board of Directors for terms
ending in 2020.
The table below details the voting results for this proposal.
|
Nominee |
VotesFor | VotesAgainst | Abstain | Non-Votes | ||||||||||||
|
Michael J. McGuire |
6,533,513 | 116,507 | 6,421 | 1,351,798 | ||||||||||||
|
John R. Weale |
6,453,710 | 196,210 | 6,521 | 1,351,798 |
II.Appointment of Independent Auditor
At the 2017 Annual Meeting, Shareholders voted to approve the
appointment of Ernst Young Ltd., an independent registered public
accounting firm, as the Companys independent auditor for 2017,
and authorized the Board, acting by the Companys Audit Committee,
to set their remuneration.
The table below details the voting results for this proposal.
|
VotesFor |
VotesAgainst |
Abstain |
Non-Votes |
|||
| 7,985,036 | 16,635 | 6,568 |
About BLUE CAPITAL REINSURANCE HOLDINGS LTD. (NYSE:BCRH)
Blue Capital Reinsurance Holdings Ltd. provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company conducts its operations through its subsidiaries, including Blue Capital Re Ltd. (Blue Capital Re), which provides collateralized reinsurance, and Blue Capital Re ILS Ltd. (Blue Capital Re ILS), which conducts hedging and other investment activities. Blue Capital Re provides reinsurance to third-party insurance and reinsurance companies through reinsurance contracts, either directly with the cedant or on a fronted basis. Blue Capital Re ILS may purchase catastrophe bonds to access certain risks. Blue Capital Re or Blue Capital Re ILS may buy and sell industry loss warranties as a way to access certain risks. Blue Capital Re ILS’ portfolio may include over-the-counter or exchange-traded futures or options listed on catastrophe indexes, such as catastrophe or weather derivatives. BLUE CAPITAL REINSURANCE HOLDINGS LTD. (NYSE:BCRH) Recent Trading Information
BLUE CAPITAL REINSURANCE HOLDINGS LTD. (NYSE:BCRH) closed its last trading session down -0.05 at 17.95 with 17,695 shares trading hands.