Discovery Communications, Inc. (NASDAQ:DISCA) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
On May 18, 2017, the Company held its 2017 Annual Meeting of Stockholders. The stockholders were asked to consider and vote upon, among other matters, an advisory vote on the frequency in which the Company will conduct future say-on-pay votes. As previously reported, the stockholders voted as follows:
Stockholders voted, on an advisory basis, to recommend that the advisory vote on Named Executive Officer compensation be held every three years, as set forth below:
|
One Year |
Two Years |
Three Years |
Abstentions |
Broker Non-Votes |
|
102,433,816 |
90,718 |
158,242,082 |
271,177 |
11,918,152 |
On September 13, 2017, the Board of Directors (the “Board”) of the Company considered the foregoing advisory vote. In light of such vote, the Board has decided that the Company will solicit, in its proxy materials, an advisory vote on say-on-pay, every three years. The Board’s decision regarding the frequency of the stockholder say-on-pay vote will remain in effect until such time as a new frequency vote is required.
The information reported until Item 5.07 of the Company’s Current Report on Form 8-K filed with the SEC on May 18, 2017 is hereby incorporated by reference.
About Discovery Communications, Inc. (NASDAQ:DISCA)
Discovery Communications, Inc., (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S. Networks, which consists principally of domestic television networks and Websites; International Networks, which consists primarily of international television networks and Websites; Education and Other, which consists principally of curriculum-based product and service offerings, and production studios, and Corporate and Inter-segment Eliminations. It distributes customized content in the United States, and over 220 other countries and territories in over 40 languages. The Company’s global portfolio of networks includes television brands, such as Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the United States).