Donegal Group Inc. (NASDAQ:DGICA) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
| Submission of Matters to a Vote of Security Holders. |
We held our annual meeting of stockholders on April20, 2017. The
results of the voting at our annual meeting of stockholders were
as follows:
|
The total number of votes represented at the annual meeting in person or by proxy by the holders of our ClassA common stock and the holders of our ClassB common stock was 7,332,718 of the total of 7,731,337 votes entitled to vote at the annual meeting by the holders of all shares of ClassA common stock and all shares of ClassB common stock outstanding on the record date. |
|
At the annual meeting, the stockholders elected Robert S. Bolinger, Kevin G. Burke, Patricia A. Gilmartin and Jack L. Hess as ClassA Directors to serve for a term of three years and until their successors take office. The votes cast for the election of ClassA Directors were as follows: |
| Number of Votes | ||||||
| For | Withheld | BrokerNon-Votes | ||||
|
Robert S. Bolinger |
6,988,809 | 72,996 | 270,913 | |||
|
Kevin G. Burke |
7,011,254 | 50,551 | 270,913 | |||
|
Patricia A. Gilmartin |
7,003,773 | 58,032 | 270,913 | |||
|
Jack L. Hess |
7,008,032 | 53,773 | 270,913 |
There were no other nominations of candidates for election as
ClassA Director. There were no abstentions with respect to the
election of ClassA Directors.
Our stockholders also voted to approve the following additional
actions:
|
Approval, by a non-binding advisory vote of our stockholders, of the compensation of our named executive officers we described in our proxy statement. |
|
Number of Votes |
||||||
|
For |
Against |
Abstain |
BrokerNon-Votes |
|||
|
6,990,228 |
63,338 | 8,239 | 270,913 |
|
The determination of three years as the frequency with which we submit to our stockholders for approval, by a non-binding advisory vote of our stockholders, of the compensation of our named executive officers. |
-2-
|
Number of Votes |
||||||||
|
One Year |
TwoYears |
Three Years |
Abstain |
BrokerNon-Votes |
||||
|
490,536 |
60,735 | 6,504,962 | 5,571 | 270,914 |
In light of the results of the advisory vote, we intend to submit
to our stockholders for approval on a non-binding advisory basis the
compensation of our named executive officers every three years,
until the next required vote on the frequency of stockholder
votes on the compensation of our named executive officers.
|
Ratification of the selection by the audit committee of our board of directors of KPMG LLP as our independent registered public accounting firm for 2017. |
|
Number of Votes |
||||||
|
For |
Against |
Abstain |
BrokerNon-Votes |
|||
|
7,301,134 |
29,461 | 2,123 |
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About Donegal Group Inc. (NASDAQ:DGICA)
Donegal Group Inc. (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance to businesses and individuals in over 21 Mid-Atlantic, Midwestern, New England and Southern states. The Company has four segments, which consist of its investment function, its personal lines of insurance, its commercial lines of insurance and its investment in Donegal Financial Services Corporation (DFSC). The Company primarily operates through two segments: personal lines of insurance and commercial lines of insurance. The personal lines of insurance, which its insurance subsidiaries write consists primarily of private passenger automobile and homeowners insurance. The commercial lines of insurance, which its insurance subsidiaries write consists primarily of commercial automobile, commercial multi-peril and workers’ compensation insurance. It holds interests in DFSC, which is a unitary savings and loan holding company. Donegal Group Inc. (NASDAQ:DGICA) Recent Trading Information
Donegal Group Inc. (NASDAQ:DGICA) closed its last trading session 00.00 at 16.75 with 41,017 shares trading hands.
