Generac Holdings Inc. (NYSE:GNRC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07 Submission of Matters to a Vote of Security
Holders.
On June 15, 2017, Generac Holdings Inc. (the Company) held its
annual meeting of stockholders in Waukesha, Wisconsin. At the
meeting, the Companys stockholders (1) elected each of the
Companys director nominees listed below for a three year term;
(2) approved the performance measures in the 2010 Equity
Incentive Plan; (3) approved the Annual Performance Bonus Plan;
(4) ratified the appointment of Deloitte Touche LLP as the
Companys independent registered public accounting firm for the
year ending December 31, 2017; (5) approved an advisory,
non-binding resolution to approve the compensation of the
Companys named executive officers and (6) approved a one year
say-on-pay frequency of shareholder votes on compensation for the
Companys named executive officers on an advisory basis:
Proposal No.1 Election of Directors
|
Name |
Votes For |
Withhold |
Broker Non-Votes |
|||||||||
|
Todd A. Adams |
45,372,009 | 10,786,740 | 4,195,815 | |||||||||
|
Bennett Morgan |
49,210,981 | 6,947,768 | 4,195,815 | |||||||||
|
Dominick Zarcone |
55,678,201 | 480,548 | 4,195,815 | |||||||||
Proposal No. Approval of the Performance Measures
Included in the 2010 Equity Incentive Plan
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|||
| 36,110,385 | 19,996,565 | 51,799 | 4,195,815 |
Proposal No. Approval of the Annual Performance
Bonus Plan
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
||||||
|
47,354,322 |
8,774,567 |
29,860 |
4,195,815 |
||||||
Proposal No. Ratification of the Appointment of
Deloitte Touche, LLP
|
Votes For |
Votes Against |
Abstentions |
||||||
|
59,461,048 |
862,213 |
31,303 |
||||||
Proposal No. Advisory Vote on Executive
Compensation
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
||||||
|
47,240,761 |
8,895,718 |
22,270 |
4,195,815 |
||||||
Proposal No. Advisory Vote on Frequency of
the Vote on Executive Compensation
|
One Year |
Two Years |
Three Years |
Abstentions |
Broker Non-Votes |
||
|
50,071,143 |
30,778 |
5,114,034 |
35,561 |
5,103,048 |
In light of these voting results and other factors, the Companys
Board of Directors, at its meeting held June 15, 2017, determined
that the Company will hold an annual advisory non-binding vote on
executive compensation, until the next required vote on the
frequency of the stockholder advisory vote on executive
compensation.
About Generac Holdings Inc. (NYSE:GNRC)
Generac Holdings Inc. (Generac) is a designer and manufacturer of a range of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. The other engine powered products that the Company designs and manufactures include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use. It designs, manufactures, sources and modifies engines, alternators, transfer switches and other components necessary for its products, which are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel. It classifies its products into three categories: Residential products, Commercial & Industrial (C&I) products, and Other products.
