CRIMSON WINE GROUP, LTD. (OTCMKTS:CWGL) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
The following matters were submitted to a vote of the stockholders of Crimson Wine Group, Ltd. (the “Company”) at the Annual Meeting of Stockholders of the Company held on July 28, 2017 (the “Annual Meeting”).
1.Election of Directors
Each of the seven nominees for director was elected, and the voting results are set forth below:
|
Nominee |
For |
Number of Shares Withheld |
Broker Non-Votes |
|
John D. Cumming |
14,529,295 |
2,713,062 |
4,514,012 |
|
Ian M. Cumming |
15,030,460 |
2,211,897 |
4,514,012 |
|
Joseph S. Steinberg |
15,013,021 |
2,229,336 |
4,514,012 |
|
Avraham M. Neikrug |
17,212,251 |
30,106 |
4,514,012 |
|
Douglas M. Carlson |
16,714,610 |
527,747 |
4,514,012 |
|
Craig D. Williams |
15,027,217 |
2,215,140 |
4,514,012 |
|
Francesca H. Schuler |
17,219,051 |
23,306 |
4,514,012 |
|
2. |
Ratification of Moss Adams LLP as independent auditors for the year ended |
December 31, 2017.
The ratification of Moss Adams LLP was approved, and the voting results are set forth below:
|
For: |
21,724,792 |
|
Against: |
18,324 |
|
Abstentions: |
13,253 |
About CRIMSON WINE GROUP, LTD. (OTCMKTS:CWGL)
Crimson Wine Group, Ltd. (Crimson) is engaged in producing and selling ultra-premium and luxury wines. The Company operates through two segments: Wholesale Sales and Direct to Consumer Sales. The Wholesale Sales segment includes all sales through a third party where prices are given at a wholesale rate whereas Direct to Consumer Sales segment includes retail sales in the tasting room, remote sites and at on-site events, Wine Club sales, and other sales made directly to the consumer without the use of an intermediary. The Company, through its subsidiaries, owns over four wineries, including Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards and Seghesio Family Vineyards. In addition, Crimson owns Double Canyon Vineyards, which owns land in the Horse Heaven Hills of Washington’s Columbia Valley. Pine Ridge Vineyards owns acreage in approximately five Napa Valley appellations, including Stags Leap District, Rutherford, Oakville, Carneros and Howell Mountain.