ENCORE WIRE CORPORATION (NASDAQ:WIRE) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07 Submission of Matters to a Vote of Security Holders.
The annual meeting of the stockholders of Encore Wire
Corporation, a Delaware corporation (the Company), was held at
the Companys corporate offices at 1329 Millwood Road, McKinney,
Texas, 75069, at 9:00 a.m., local time, on May9, 2017.
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 Boards
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 20,745,531 shares of the Companys common stock
outstanding and entitled to vote at the meeting, 19,807,436.00
shares were present in person or by proxy, representing
approximately 95.48% 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 |
17,310,943.00 | 828,329.00 | 1,668,164.00 | |||||||||
|
Gregory J. Fisher |
17,259,128.00 | 880,144.00 | 1,668,164.00 | |||||||||
|
Daniel L. Jones |
17,635,253.00 | 504,019.00 | 1,668,164.00 | |||||||||
|
William R. Thomas III |
17,881,990.00 | 257,282.00 | 1,668,164.00 | |||||||||
|
Scott D. Weaver |
17,806,715.00 | 332,557.00 | 1,668,164.00 | |||||||||
|
John H. Wilson |
17,390,140.00 | 749,132.00 | 1,668,164.00 |
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 Companys 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.
| NumberofShares Voted FOR the Resolution | NumberofShares Voted AGAINST the Resolution | NumberofShares ABSTAININGFROM the Resolution | BrokerNon- Votes | |||||||||||
| 17,659,414.00 | 466,736.00 | 13,121.00 | 1,668,165.00 |
The third matter voted on by the stockholders, as fully described
in the proxy statement for the annual meeting, was a proposal to
determine, in a non-binding advisory vote, whether a stockholder
vote to approve the compensation of the Companys named executive
officers should occur every one, two or three years, also known
as a say-on-frequency proposal. The following table presents the
number of shares voted for each alternative, the number of shares
that abstained from such proposal and the number of broker
non-votes.
| Numberof Shares Voted for 1 YEAR | Numberof Shares Voted for 2 YEARS | Numberof Shares Voted for 3 YEARS | Number of Shares ABSTAINING | BrokerNon- Votes | ||||||||||||||
| 13,699,639.00 | 25,744.00 | 4,396,013.00 | 17,874.00 | 1,668,166.00 |
In light of the stockholders vote on the third matter, the
Company has determined that, until the next stockholder vote on a
say-on-frequency proposal, the Company will include a stockholder
vote on the compensation of executives in its proxy materials
every year.
The fourth 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 Companys financial statements for the year ending
December31, 2017. The following table presents the number of
shares voted for, against, and abstaining from such resolution
and the number of broker non-votes.
| NumberofShares Voted FOR the Resolution | NumberofShares Voted AGAINST the Resolution | NumberofShares ABSTAININGFROM the Resolution | BrokerNon- Votes | |||||||||||
| 19,451,311.00 | 344,198.00 | 11,927.00 | 0.00 |
The fifth matter voted on by the stockholders, as fully described
in the proxy statement for the annual meeting, was a resolution
to approve the amendment and restatement of the Encore Wire
Corporation 2010 Stock Option Plan. The following table presents
the number of shares voted for, against, and abstaining from such
resolution and the number of broker non-votes.
| NumberofShares Voted FOR the Resolution | NumberofShares Voted AGAINST the Resolution | NumberofShares ABSTAININGFROM the Resolution | BrokerNon- Votes | |||||||||||
| 17,705,934.00 | 417,988.00 | 15,347.00 | 1,668,167.00 |
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. ENCORE WIRE CORPORATION (NASDAQ:WIRE) Recent Trading Information
ENCORE WIRE CORPORATION (NASDAQ:WIRE) closed its last trading session up +0.15 at 42.10 with 48,721 shares trading hands.
