ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting on June21, 2018. The final voting results on the proposals presented at the Annual Meeting are set forth below.
The first proposal was for the election of the following eight directors: Michael P. Monaco, Ashwini (Ash) Gupta, Wendy G. Hannam, Laura Newman Olle, Francis E. Quinlan, Norman R. Sorensen, Richard J. Srednicki and Ashish Masih. All eight directors were elected, with the following votes tabulated:
|
For |
Withheld |
Broker Non-Votes |
|
|
Michael P. Monaco |
23,737,723 |
164,282 |
941,854 |
|
Ashwini (Ash) Gupta |
23,736,005 |
166,000 |
941,854 |
|
Wendy G. Hannam |
23,737,936 |
164,069 |
941,854 |
|
Laura Newman Olle |
23,733,399 |
168,606 |
941,854 |
|
Francis E. Quinlan |
23,737,823 |
164,182 |
941,854 |
|
Norman R. Sorensen |
23,731,441 |
170,564 |
941,854 |
|
Richard J. Srednicki |
23,737,707 |
164,298 |
941,854 |
|
Ashish Masih |
23,760,484 |
141,521 |
941,854 |
The second proposal was a non-binding vote to approve the compensation of the Company’s named executive officers. In a non-binding vote, the compensation of the Company’s named executive officers was approved, with the following votes tabulated:
|
For |
Against |
Abstain |
Broker Non-Vote |
|
23,293,529 |
514,704 |
93,772 |
941,854 |
The third proposal was the ratification of the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December31, 2018. The appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December31, 2018 was ratified, with the following votes tabulated:
|
For |
Against |
Abstain |
|
24,631,581 |
145,130 |
67,148 |
About ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG)
Encore Capital Group, Inc., through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through two segments: Portfolio Purchasing and Recovery, and Tax Lien Business. Its portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings. In addition, the Company assists property owners delinquenting on their property taxes by structuring monthly payment plans and purchases delinquent tax liens directly from taxing authorities.
