Cadiz Inc. (NASDAQ:CDZI) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

8 years ago

Cadiz Inc. (NASDAQ:CDZI) 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

On June 7, 2017, Cadiz Inc. (the “Company”) held its 2017
Annual Meeting of Stockholders. The number of shares represented
and voting in person and by proxy at said meeting was 13,858,312.

(i) The following directors were elected at the meeting:

NOMINEE	VOTES FOR	VOTES WITHHELD	BROKER NON-VOTES
Keith Brackpool	9,357,989	409,281	4,091,042
Stephen E. Courter	9,614,542	152,728	4,091,042
Geoffrey Grant	9,633,787	133,483	4,091,042
Winston Hickox	9,640,633	126,637	4,091,042
Murray H. Hutchison	9,371,933	395,337	4,091,042
Richard Nevins	9,614,288	152,982	4,091,042
Raymond J. Pacini	9,365,891	401,379	4,091,042
Timothy J. Shaheen	9,410,951	356,319	4,091,042
Scott S. Slater	9,639,243	128,027	4,091,042

(ii) PricewaterhouseCoopers LLP was approved as the Company’s
independent auditors for the fiscal year 2017 by the following
vote:

	VOTES
FOR:	13,804,936
AGAINST:	52,986
ABSTAIN:

(iii) The Company’s stockholders approved, on an advisory basis,
the compensation of the Company’s named executive officers, by
the following vote⁽¹⁾:

	VOTES
FOR:	9,134,937
AGAINST:	590,261
ABSTAIN:	42,072
BROKER NON-VOTES:	4,091,042

(iv) The Company’s stockholders recommended, on an advisory
basis, that the Company conduct future stockholder advisory votes
on named executive officer compensation every year, by the
following vote:

1 YEAR	2 YEARS	3 YEARS	ABSTAIN	BROKER NON-VOTES
9,480,006	142,598	94,587	50,079	4,091,042

The Company has considered the stockholder vote regarding the
frequency of stockholder advisory votes on named executive
officer compensation and determined that it will hold an advisory
vote on its executive officer compensation annually.

About Cadiz Inc. (NASDAQ:CDZI)
Cadiz Inc. is a land and water resource development company with approximately 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture. It is focused on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project, which captures and conserves millions of acre-feet of native groundwater being lost to evaporation from the aquifer system beneath its approximately 34,000-acre property in the Cadiz and Fenner valleys of eastern San Bernardino County and deliver it to water providers throughout Southern California. In addition to the Cadiz/Fenner Valley property, it also owns approximately 11,000 additional acres in the eastern Mojave Desert portion of San Bernardino County, California at two separate properties. It owns over 2,000 acres near Danby Dry Lake in Ward Valley.