Consolidated-Tomoka Land Co. (NYSEMKT:CTO) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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Consolidated-Tomoka Land Co. (NYSEMKT:CTO) 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.

The 2017 Annual Meeting of Shareholders (the 2017 Annual Meeting)
of Consolidated-Tomoka Land Co. (the Company) was held on April
26, 2017 at LPGA International Golf Club in Daytona Beach,
Florida.At the 2017 Annual Meeting, the Companys shareholders
re-elected John P. Albright, John J. Allen, Laura M. Franklin,
William L. Olivari, Howard C. Serkin, Thomas P. Warlow, III, and
Casey R. Wold to serve as members of the board of directors (the
Board) of the Company until the 2018 Annual Meeting of
Shareholders.In addition, the Companys shareholders took the
following actions at the 2017 Annual Meeting: (i) the appointment
of Grant Thornton LLP as the Companys independent registered
public accounting firm for fiscal year 2017 was ratified; (ii) a
proposal for advisory approval of the Companys 2016 executive
compensation (the Say-on-Pay Vote) was approved; and (iii) an
advisory vote regarding the frequency of the Say-on-Pay Vote
resulted in shareholders approving an annual Say-on-Pay Vote.

The proposals below are described in detail in the Companys
definitive proxy statement dated March 21, 2017.The voting
results for each proposal were as follows:

Proposal 1: Election of seven directors to hold office
until the 2018 Annual Meeting of Shareholders:

For

Against

Abstain

John P. Albright

3,022,966 30,572 6,705

John J. Allen

2,967,909 88,945 3,389

Laura M. Franklin

3,022,874 34,064 3,305

William L. Olivari

2,956,935 83,816 19,491

Howard C. Serkin

2,794,987 261,886 3,369

Thomas P. Warlow, III

2,743,473 313,253 3,516

Casey R. Wold

3,018,648 37,281 4,314

Elizabeth N. Cohernour

1,994,255 0 8,515

Evan H. Ho

1,994,255 0 8,515

Edward W. Pollock

1,994,181 0 8,589

David J. Winters

1,992,015 0 10,755

Proposal 2: Ratification of the appointment of Grant
Thornton LLP as the Companys independent registered
public accounting firm for fiscal year 2017:

For

Against

Abstain

3,090,647 1,889,161 83,203

Proposal 3: Advisory vote to approve executive
compensation:

For

Against

Abstain

2,939,891 2,061,332 59,987

Proposal 4: Advisory vote regarding frequency of advisory
vote to approve executive compensation:

1 Year

2 Years

3 Years

Abstain

4,642,420 54,548 317,241 48,802

In addition, on May 5, 2017, the Board determined that the
Company will hold a non-binding advisory Say-on-Pay Vote on the
Companys compensation of its named executive officers, as
disclosed in the Companys proxy statement, on an annual basis
until the next required vote by the Companys shareholders on the
frequency of such vote.


About Consolidated-Tomoka Land Co. (NYSEMKT:CTO)

Consolidated-Tomoka Land Co. is a real estate operating company. The Company owns and manages over 40 commercial real estate properties in approximately 10 states in the United States. The Company’s segments include Income Properties, Commercial Loan Investments, Real Estate Operations, Golf Operations, and Agriculture and Other. The Company also leases property for over 20 billboards; has agricultural operations that are managed by a third-party, which consists of leasing land for hay and sod production, timber harvesting and hunting leases, and owns and manages subsurface interests. The Company owns approximately 30 single-tenant and over eight multi-tenant properties with approximately 1,700,000 square feet of gross leasable space. It has over four commercial loan investments, including a fixed-rate mezzanine commercial mortgage loan, a fixed-rate first mortgage, a variable-rate B-Note, a variable-rate mezzanine commercial mortgage loan and a variable-rate first mortgage loan.

Consolidated-Tomoka Land Co. (NYSEMKT:CTO) Recent Trading Information

Consolidated-Tomoka Land Co. (NYSEMKT:CTO) closed its last trading session up +0.30 at 53.75 with 22,377 shares trading hands.