EMERGENT CAPITAL, INC. (NYSE:EMG) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

7 years ago

EMERGENT CAPITAL, INC. (NYSE:EMG) 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 June 27, 2017, Emergent Capital, Inc. (the Company) held its
Annual Meeting of Shareholders. The results of matters submitted
to a vote were as follows:

Proposal One – Election of Directors:

The shareholders elected each of the director nominees set forth
below for a one-year term expiring at the next Annual Meeting of
Shareholders. The shareholders voted as follows:



Nominee	Votes For	Votes Withheld	Broker Non-Votes
James Chadwick	13,485,984	3,372,607
Michael Crow	13,486,621	3,371,970
Andrew Dakos	12,121,047	4,737,544
Phillip Goldstein	11,755,265	5,103,326
Gerald Hellerman	12,950,654	3,907,937
Antony Mitchell	13,498,234	3,360,357
Gilbert Nathan	14,985,081	1,873,510

Proposal Two – Advisory Vote on Executive Compensation.

The shareholders approved, on an advisory basis, the compensation
of the Companys named executive officers for the fiscal year
ended December 31, 2016. The shareholders voted as follows:



For	Against	Abstain	Broker Non-Votes
12,568,545	3,796,039	494,007

Proposal Three – Ratification of Appointment of Independent
Registered Public Accountant.

The selection of Grant Thornton LLP as the Companys independent
registered public accounting firm for the fiscal year ending
December 31, 2017 was ratified by shareholders. The shareholders
voted as follows:



For	Against	Abstain
15,635,206	749,675	473,710

Proposal Four – Vote on Amendment to the Companys Articles of
Incorporation.

The shareholders approved an amendment to the Companys Articles
of Incorporation to increase the number of authorized shares of
the Companys common stock. The shareholders voted as follows:



For	Against	Abstain
13,761,886	2,383,144	713,561

Proposal Five – Vote to approve an amendment to the Companys
Amended and Restated 2010 Omnibus Incentive Plan.

The shareholders approved an amendment to the Companys Amended
and Restated 2010 Omnibus Incentive Plan (the Plan), including an
increase to the total number of shares authorized under the Plan.
The shareholders voted as follows:



For	Against	Abstain
12,265,980	4,528,925	63,686

About EMERGENT CAPITAL, INC. (NYSE:EMG)
Emergent Capital, Inc., formerly Imperial Holdings, Inc., is a specialty finance company that invests in asset classes, primarily life settlements. The Company, through its subsidiary companies, owns a portfolio of approximately 630 life insurance policies (life settlements). The Company purchases individual policies and portfolios of life insurance policies and manages those assets based on actuarial and market data. The Company provides customized liquidity solutions to owners of illiquid financial assets in two markets, which include life finance and structured settlements. The Company focuses on lending to outright purchases of portfolios, to tertiary trades, as well as individual secondary market purchases. The Company invests in short and long-term life settlement investments.