FRANKLIN COVEY CO. (NYSE:FC) 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
Shareholders on Friday, January 20, 2017. For more information on
the following proposals, refer to the Companys Proxy Statement
filed with the Securities and Exchange Commission on December 19,
2016, the relevant portions of which are incorporated herein by
reference. The matters voted on and the results of the votes are
as follows:
|
1.
|
The following nominees for Director were elected. Each
person elected will serve until the next annual meeting of shareholders or until such persons successor is elected and qualified. |
|
Nominee
|
Number of Votes
Cast For
|
Number of Votes Withheld
|
Broker
Non-Votes
|
|||
|
Anne H. Chow
|
9,215,905 | 1,668 | 3,656,151 | |||
|
Clayton M. Christensen
|
5,315,392 | 3,902,181 | 3,656,151 | |||
|
Michael Fung
|
9,166,101 | 51,472 | 3,656,151 | |||
|
Dennis G. Heiner
|
8,903,456 | 314,117 | 3,656,151 | |||
|
Donald J. McNamara
|
9,106,731 | 110,842 | 3,656,151 | |||
|
Joel C. Peterson
|
9,106,681 | 110,892 | 3,656,151 | |||
|
E. Kay Stepp
|
8,904,029 | 313,544 | 3,656,151 | |||
|
Robert A. Whitman
|
9,074,135 | 143,438 | 3,656,151 | |||
|
2.
|
The advisory vote for the approval of executive
compensation as described and presented in the Compensation Discussion and Analysis of the Companys Proxy Statement was approved with 9,204,772 votes in favor; 10,233 votes against; and 2,568 abstentions. The number of broker non-votes was 3,656,151. |
|
3.
|
The ratification of the appointment of Deloitte Touche
LLP as the Companys Independent Registered Public Accounting Firm for the fiscal year ending August 31, 2017 was approved with 12,790,465 votes cast in favor; 1,364 votes against; and 81,895 abstentions. There were no broker non-votes for this proposal. |
change to the Companys fiscal quarter ending dates from a
modified 52/53-week calendar in which quarterly periods ended on
different dates from year to year, to the last day of the
calendar month in each quarter. With the introduction of the All
Access Pass (AAP) in fiscal 2016 and the expected impact of
annual AAP renewals, the Company believes this change will
produce more consistent quarterly financial results as an initial
AAP contract sale to a client and subsequent annual renewals will
generally be in the same quarterly period. For instance, an AAP
contract signed on February 26, 2016 was accounted for in the
second quarter of fiscal 2016, but a contract renewal effective
February 26, 2017 would have been accounted for in the third
quarter of fiscal 2017 prior to the change. Beginning with the
second quarter of fiscal 2017, the Companys fiscal quarter ending
dates will be November 30, February 28 (or February 29 in leap
years), and May 31, rather than on February 25, 2017 and May 27,
2017 as previously announced for the end of the second and third
quarters of fiscal 2017. The Companys fiscal year end will remain
unchanged at August 31 of each year.
About FRANKLIN COVEY CO. (NYSE:FC)
Franklin Covey Co. is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group. The Strategic Markets segment includes its government services office, the Sales Performance practice, the Customer Loyalty practice, and a new Global 50 group, which is specifically focused on sales to large, multi-national organizations. The Education practice segment consists of its domestic and international Education practice operations, which are centered on sales to educational institutions, such as elementary schools, high schools, and colleges and universities. The International Licensees segment consists of its international licensees’ royalty revenues. FRANKLIN COVEY CO. (NYSE:FC) Recent Trading Information
FRANKLIN COVEY CO. (NYSE:FC) closed its last trading session down -0.05 at 18.10 with 53,495 shares trading hands.
