CONSOLIDATED WATER CO. LTD. (NASDAQ:CWCO) 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 May 22, 2017, Consolidated Water Co. Ltd. (the Company) held
its Annual General Meeting of Shareholders, at which the
following items were voted upon:
| (1) | Election of Directors: |
The following nominees were elected as directors to serve until
the 2020 Annual General Meeting of Shareholders by votes as
follows:
| Nominee | For | Withhold | ||
| Carson K. Ebanks | 6,570,404 | 1,241,710 | ||
| Richard L. Finlay | 6,565,803 | 1,246,311 | ||
| Clarence B. Flowers, Jr. | 6,563,938 | 1,248,176 | ||
| Frederick W. McTaggart | 6,763,342 | 1,048,772 |
There were 4,884,710 non-votes in the election of directors.
| (2) | Non-Binding Advisory Vote on Executive Compensation: |
The proposal to approve, by a non-binding advisory vote, the
compensation of the Companys named executive officers disclosed
in the Companys 2017 proxy statement was approved, and the votes
were as follows:
| For | Against | Abstain | ||
| 6,903,902 | 780,118 | 128,094 |
There were 4,884,710 broker non-votes on this proposal.
| (3) |
Non-Binding Advisory Vote on the Frequency of Holding an Advisory Vote on Executive Compensation: |
Shareholders holding a majority of shares voted for the one-year
option with respect to the frequency with which the Company
should hold an advisory vote on executive compensation, and the
votes were as follows:
| 1 Year | 2 Years | 3 Years | Abstain | |||
| 6,314,541 | 87,585 | 1,277,640 | 132,348 |
There were 4,884,710 broker non-votes on this proposal.
| (4) |
Ratification of the Appointment of Independent Registered Public Accounting Firm: |
The proposal to ratify the appointment of Marcum LLP as the
independent registered public accounting firm of the Company for
the fiscal year ending December 31, 2017, at the remuneration to
be determined by the Audit Committee of the Board of Directors
was approved by votes as follows:
| For | Against | Abstain | ||
| 12,518,901 | 79,835 | 98,088 |
There were no broker non-votes on this proposal.
About CONSOLIDATED WATER CO. LTD. (NASDAQ:CWCO)
Consolidated Water Co. Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations. The retail water operations segment produces and supplies water to end users, including residential, commercial and government customers. The bulk water operations segment produces potable water from seawater and sells this water to governments and private customers. The services operations segment provides engineering and management services, including designing and constructing desalination plants, and managing and operating plants owned by affiliated companies. Through its subsidiaries and affiliates, it provides various services to its customers in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands and Indonesia. CONSOLIDATED WATER CO. LTD. (NASDAQ:CWCO) Recent Trading Information
CONSOLIDATED WATER CO. LTD. (NASDAQ:CWCO) closed its last trading session 00.00 at 11.75 with 38,917 shares trading hands.
