ENCORE WIRE CORPORATION (NASDAQ:WIRE) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
The annual meeting of the stockholders of Encore Wire Corporation, a Delaware corporation (the “Company”), was held at the Company’s corporate offices at 1329 Millwood Road, McKinney, Texas, 75069, at 9:00 a.m., local time, on May8, 2018.
The board of directors of the Company (the “Board”) solicited proxies to Regulation 14A under the Securities Exchange Act of 1934. There was no solicitation in opposition to the Board’s nominees for director as listed in the proxy statement, and all of such nominees were duly elected as reported below.
Out of a total of 20,844,148 shares of the Company’s common stock outstanding and entitled to vote at the meeting, 19,748,120.00 shares were present in person or by proxy, representing approximately 94.74% of the outstanding shares.
The first matter voted on by the stockholders, as fully described in the proxy statement for the annual meeting, was the election of directors. The following table presents the number of shares voted for and number of shares withheld from each nominee for director and the number of broker non-votes.
|
Director Nominee |
Number of Votes Received | NumberWithheld | BrokerNon- Votes |
|
Donald E. Courtney |
17,056,667.00 | 942,245.00 | 1,749,208.00 |
|
Gregory J. Fisher |
16,423,658.00 | 1,575,254.00 | 1,749,208.00 |
|
Daniel L. Jones |
17,309,335.00 | 689,577.00 | 1,749,208.00 |
|
William R. Thomas III |
17,521,648.00 | 477,264.00 | 1,749,208.00 |
|
Scott D. Weaver |
17,510,330.00 | 488,582.00 | 1,749,208.00 |
|
John H. Wilson |
17,059,012.00 | 939,900.00 | 1,749,208.00 |
The second matter voted on by the stockholders, as fully described in the proxy statement for the annual meeting, was a resolution to approve, in a non-binding advisory vote, the compensation of the Company’s named executive officers. The following table presents the number of shares voted for, against, and abstaining from such resolution and the number of broker non-votes.
|
Number of Shares Voted FOR the Resolution |
NumberofShares Voted AGAINST the Resolution |
NumberofShares ABSTAININGFROM the Resolution |
BrokerNon- Votes |
|
17,557,805.00 |
372,956.00 | 68,151.00 | 1,749,208.00 |
The third matter voted on by the stockholders, as fully described in the proxy statement for the annual meeting, was a resolution to ratify the appointment of Ernst& Young LLP as the auditor of the Company’s financial statements for the year ending December31, 2018. The following table presents the number of shares voted for, against, and abstaining from such resolution and the number of broker non-votes.
|
Number of Shares Voted FOR the Resolution |
NumberofShares Voted AGAINST the Resolution |
NumberofShares ABSTAININGFROM the Resolution |
BrokerNon- Votes |
|
19,581,997.00 |
154,197.00 | 11,926.00 | 0.00 |
About ENCORE WIRE CORPORATION (NASDAQ:WIRE)
Encore Wire Corporation is a manufacturer of electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. The Company operates in the manufacture of electric building wire, principally NM-B cable, for use primarily as interior wiring in homes, apartments, and manufactured housing, and THHN/THWN-2 cable and metal-clad and armored cable for use primarily as wiring in commercial and industrial buildings segment. The Company offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2 and other types of wire products, including metal clad and armored cable. All of these products are manufactured with copper or aluminum as the conductor. The Company sells its products primarily through approximately 30 manufacturers’ representatives located across the United States.
