Conn’s, Inc. (NASDAQ:CONN) 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.
approved the adoption of the Conns, Inc. Amended 2016 Omnibus
Incentive Plan (the Amended 2016 Plan), which was previously
adopted by the Companys Board of Directors. A summary of the
Amended 2016 Plan was included in the Companys Amended and Restated
Definitive Proxy Statement filed with the Securities and Exchange
Commission (the SEC) on April 28, 2017 (the Definitive Proxy
Statement), which summary is incorporated herein by reference. The
summary of the Amended 2016 Plan in the Definitive Proxy Statement
is qualified in its entirety by reference to the full text of the
Amended 2016 Plan, which is attached as Appendix A to the
Definitive Proxy Statement and Exhibit 10.1 to this current report
on Form 8-K and is incorporated herein by reference.
May 31, 2017, the Companys stockholders considered five proposals,
each of which is described in more detail in the Definitive Proxy
Statement. The certified vote results for each proposal were as
stated below.
|
1.
|
The following nominees for directors were elected to serve
one-year terms expiring in 2018: |
|
|
Number of Shares
|
||||||||||
|
|
For
|
|
Against
|
|
Abstentions
|
|
Broker Non-Votes
|
||||
|
James H. Haworth
|
23,141,737
|
|
|
142,919
|
|
|
70,191
|
|
|
5,650,369
|
|
|
Kelly M. Malson
|
23,184,957
|
|
99,932
|
|
69,958
|
|
5,650,369
|
||||
|
Bob L. Martin
|
23,120,492
|
|
|
164,164
|
|
|
70,191
|
|
|
5,650,369
|
|
|
Douglas H. Martin
|
23,242,450
|
|
102,203
|
|
10,194
|
|
5,650,369
|
||||
|
Norman L. Miller
|
23,202,747
|
|
|
81,899
|
|
|
70,201
|
|
|
5,650,369
|
|
|
William E. Saunders, Jr.
|
23,182,670
|
|
101,983
|
|
70,194
|
|
5,650,369
|
||||
|
William (David) Schofman
|
23,137,888
|
|
|
146,749
|
|
|
70,210
|
|
|
5,650,369
|
|
|
Oded Shein
|
23,196,432
|
|
87,205
|
|
71,210
|
|
5,650,369
|
|
2.
|
The appointment of Ernst Young LLP as the independent
registered public accounting firm for the Company for fiscal year ending January 31, 2018 was ratified: |
|
|
Number of Shares
|
|
For
|
28,763,598
|
|
Against
|
118,750
|
|
Abstentions
|
122,868
|
|
Broker Non-Votes
|
|
3.
|
The compensation of the Company’s named executive officers
was approved on a non-binding advisory basis: |
|
|
Number of Shares
|
|
For
|
21,264,666
|
|
Against
|
1,824,178
|
|
Abstentions
|
266,003
|
|
Broker Non-Votes
|
5,650,369
|
|
4.
|
The stockholders voted, on a non-binding advisory basis, to
hold a non-binding vote on the compensation for our named executive officers every year: |
|
|
Number of Shares
|
|
Every 1 Year:
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16,875,841
|
|
Every 2 Years:
|
41,572
|
|
Every 3 Years:
|
6,429,605
|
|
Abstentions
|
7,829
|
|
5.
|
The adoption of the Amended 2016 Omnibus Incentive Plan was
approved: |
|
|
Number of Shares
|
|
For
|
23,121,412
|
|
Against
|
156,759
|
|
Abstentions
|
76,676
|
|
Broker Non-Votes
|
5,650,369
|
|
Exhibit
Number
|
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Description of Document
|
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10.1
|
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Conns, Inc. Amended 2016 Omnibus Incentive Plan
incorporated by reference to Appendix A of the Companys Definitive Proxy Statement on Schedule 14A filed with the SEC on April 28, 2017 |
About Conn’s, Inc. (NASDAQ:CONN)
Conn’s, Inc. is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories. Its credit segment provides short- and medium-term financing for its retail customers. Its credit offering provides financing solutions to credit constrained consumers having limited banking options. The Company operates its business through its retail stores and Website. Conn’s, Inc. (NASDAQ:CONN) Recent Trading Information
Conn’s, Inc. (NASDAQ:CONN) closed its last trading session up +0.80 at 17.90 with 660,906 shares trading hands.
