Market Exclusive

ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG) Files An 8-K Submission of Matters to a Vote of Security Holders

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.

Exit mobile version