GATX Corporation (NYSE:GATX) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
As previously reported, at the Annual Meeting, a non-binding advisory vote was taken on the frequency of future advisory votes on the compensation of the Company’s named executive officers (referred to as a “Say-on-Pay” vote). At the Annual Meeting, consistent with the recommendation of the Board, a majority of the Company’s shareholders voted in favor of holding future Say-on-Pay votes on an annual basis.
On July 28, 2017, after consideration of these voting results and other factors, the Board determined that the Company will hold future Say-on-Pay votes on an annual basis until the next shareholder advisory vote on the frequency of future Say-on-Pay votes, which will be no later than the Company’s Annual Meeting of Shareholders in 2023.
About GATX Corporation (NYSE:GATX)
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services. Rail International comprises the Company’s European operations, GATX Rail Europe (GRE), and a railcar leasing business in India (Rail India), as well as one development-stage affiliate in China. ASC operates a fleet of the United States-flagged vessels on the Great Lakes, providing waterborne transportation of dry bulk commodities, such as iron ore, coal, limestone aggregates and metallurgical limestone. Portfolio Management generates leasing, marine operating, asset remarketing and management fee income through a collection of diversified assets and joint venture investments.