Cerner Corporation (NASDAQ:CERN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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Cerner Corporation (NASDAQ:CERN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On May 23, 2017, former Senator John C. “Jack” Danforth retired
from the Board of Directors (the “Board”) of Cerner Corporation
(“Cerner”) at the end of his then current term. Immediately
thereafter, the Board decreased the size of the Board to nine
members, eliminating any vacancy created by Mr. Danforths
retirement.
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the 2017 Annual Meeting of Shareholders (the “2017 Annual
Meeting”) of Cerner held on May 24, 2017, Cerner’s shareholders
considered and voted on four proposals, each of which is described
in detail in the 2017 Proxy Statement. The following is a brief
description of the matters that were voted on at the 2017 Annual
Meeting and the results of such voting:
Proposal No. 1>- The election of three Class I Directors: Julie
L. Gerberding, M.D., Neal L. Patterson and William D. Zollars, each
to serve for a three-year term.
Final Results:>>Julie L. Gerberding, M.D., Neal L. Patterson
and William D. Zollars were each elected as Class I Directors.
For
Against
Abstentions
Broker
Non-votes
Julie L. Gerberding, M.D.
269,046,828
1,445,190
349,568
29,974,788
Neal L. Patterson
255,536,334
14,639,039
666,213
29,974,788
William D. Zollars
266,027,597
4,451,747
362,242
29,974,788
Proposal No. 2>- The ratification of the appointment of KPMG LLP
as Cerner’s independent registered public accounting firm for
2017.
Final Results:>>The shareholders ratified the appointment of
KPMG LLP as Cerner’s independent registered public accounting firm
for 2017.
For
Against
Abstentions
291,203,103
8,932,339
680,932
There were no broker non-votes with respect to this proposal.
Proposal No. 3>- An advisory vote to approve the compensation of
Cerner’s Named Executive Officers.
Final Results:>>The shareholders approved, on an advisory
basis, the compensation of Cerner’s Named Executive Officers.
For
Against
Abstentions
Broker
Non-votes
260,076,909
10,171,969
592,708
29,974,788
Proposal No. 4>- An advisory vote on the frequency of future
advisory votes on the approval of the compensation of Cerners Named
Executive Officers.
Final Results:>>The shareholders approved, on an advisory
basis, an annual frequency for future advisory votes on the
compensation of our Named Executive Officers.
1 Year
2 Years
3 Years
Abstentions
253,264,591
745,656
16,393,436
437,903
Cerner will continue to submit to the shareholders an advisory
vote to approve the compensation of Cerner’s Named Executive
Officers on an annual basis.
Item 8.01 Other Events.
On May 25, 2017, Cerner announced that its Board of Directors
authorized the repurchase of shares of Cerner’s common stock in
the open market or in privately-negotiated purchases, or both, at
an aggregate purchase price of up to $500 million. The timing and
amount of any share repurchases will be determined by Cerner’s
management based on market conditions and other factors. No time
limit was set for completion of the program. There is approximately
$100 million remaining under the previous stock repurchase program
approved by Cerner’s Board of Directors in November 2016. A press
release announcing the repurchase program was issued and is
attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
99.1
Press Release of Cerner Corporation dated May 25, 2017


About Cerner Corporation (NASDAQ:CERN)

Cerner Corporation is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Belgium, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. It offers software, hardware, professional and managed services. Its solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.

Cerner Corporation (NASDAQ:CERN) Recent Trading Information

Cerner Corporation (NASDAQ:CERN) closed its last trading session 00.00 at 64.36 with 1,286,265 shares trading hands.