DARDEN RESTAURANTS, INC. (NYSE:DRI) Files An 8-K Results of Operations and Financial ConditionItem 2.02
Results of Operations and Financial Condition.
On September 20, 2018, Darden Restaurants, Inc. (the Company) issued a news release entitled “Darden Restaurants Reports Fiscal 2019 First Quarter Results and Increases Financial Outlook for the Full Fiscal Year,” a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K. In addition, the slide presentation accompanying the Company’s conference call will be posted on the Company’s website.
As provided in General Instruction B.2 of Form 8-K, the information in this Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section. The information in this Item 2.02 of this Current Report on Form 8-K shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the Securities Act), except as expressly set forth by specific reference in such filing.
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Item 2.02 |
Submission of Matters to a Vote of Security Holders |
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(a) |
The Annual Meeting of Shareholders of the Company was held on September 19, 2018 in Orlando, Florida. On September 19, 2018, Peter W. Descovich, the independent Inspector of Election for the Annual Meeting, delivered to the Company his final, certified vote results. |
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(b) |
The name of each director elected at the meeting, a brief description of each other matter voted upon, and the voting results, are provided below. At the Annual Meeting, the shareholders took the following actions: |
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(i) |
Voted on the election of 8 directors to serve until the next annual meeting of shareholders and until their successors are elected and qualified, as follows: |
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Nominees |
For |
Withheld |
Broker Non-Votes |
|
Margaret Shân Atkins |
94,122,373 |
990,610 |
12,283,353 |
|
James P. Fogarty |
94,288,958 |
824,025 |
12,283,353 |
|
Cynthia T. Jamison |
93,453,990 |
1,658,993 |
12,283,353 |
|
Eugene I. Lee, Jr. |
94,803,926 |
309,057 |
12,283,353 |
|
Nana Mensah |
94,720,044 |
392,939 |
12,283,353 |
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William S. Simon |
94,217,249 |
895,734 |
12,283,353 |
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Charles M. Sonsteby |
94,791,350 |
321,633 |
12,283,353 |
|
Timothy J. Wilmott |
94,831,388 |
281,595 |
12,283,353 |
Based on these results, the following nominees were elected as directors at the Annual Meeting, each to serve until the next annual meeting of shareholders and until his or her successor is elected and qualified: Margaret Shân Atkins, James P. Fogarty, Cynthia T. Jamison, Eugene I. Lee, Jr., Nana Mensah, William S. Simon, Charles M. Sonsteby and Timothy J. Wilmott.
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(ii) |
Approved a resolution providing advisory approval of the Company’s executive compensation. |
|
For |
89,060,719 |
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Against |
5,718,926 |
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Abstain |
333,338 |
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Broker Non-Vote |
12,283,353 |
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(iii) |
Ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending May 26, 2019. |
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For |
103,682,513 |
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Against |
3,578,325 |
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Abstain |
135,498 |
|
Broker Non-Vote |
|
(iv) |
Did not approve the shareholder proposal requesting that the Company issue a report on the feasibility of adopting a policy to eliminate the use of medically important antibiotics for disease prevention in its supply chain. |
|
For |
35,658,808 |
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Against |
52,969,080 |
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Abstain |
6,485,095 |
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Broker Non-Vote |
12,283,353 |
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Item 2.02 |
Financial Statements and Exhibits. |
DARDEN RESTAURANTS INC ExhibitEX-99.1 2 q1fy19exhibit991-earnings.htm NEWS RELEASE Exhibit EXHIBIT 99.1 Darden Restaurants Reports Fiscal 2019 First Quarter Results and Increases Financial Outlook For The Full Fiscal Year ORLANDO,…To view the full exhibit click here
About DARDEN RESTAURANTS, INC. (NYSE:DRI)
Darden Restaurants, Inc. is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues). As of May 29, 2016, the Company also had 50 restaurants operated by independent third parties pursuant to area development and franchise agreements. Olive Garden’s menu includes a range of authentic Italian foods featuring fresh ingredients and a selection of imported Italian wines. LongHorn Steakhouse restaurants feature a range of menu items, including fresh steaks and chicken, as well as salmon, shrimp, ribs, pork chops, burgers and prime rib.
