Green Brick Partners, Inc. (NASDAQ:GRBK) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07 Submission of Matters to a Vote of Security Holders.
Green Brick Partners, Inc. (the Company) held its annual meeting
of stockholders on May 24, 2017 (the Annual Meeting). At the
meeting the stockholders voted on the following items:
Proposal 1Election of Directors
The election of seven directors to hold office until the 2018
annual meeting of stockholders and the due election and
qualification of their respective successors, or such nominees
earlier death, removal or resignation received the following
vote:
| Number of Votes | |||
| For | Withheld | Broker Non-Votes | |
| Elizabeth K. Blake | 43,119,983 | 131,044 | 4,542,611 |
| Harry Brandler | 42,850,641 | 400,386 | 4,542,611 |
| James R. Brickman | 43,134,359 | 116,668 | 4,542,611 |
| David Einhorn | 42,850,519 | 400,508 | 4,542,611 |
| John R. Farris | 43,137,233 | 113,794 | 4,542,611 |
| Kathleen Olsen | 43,116,741 | 134,286 | 4,542,611 |
| Richard S. Press | 43,134,026 | 117,001 | 4,542,611 |
Each of the seven director nominees received a plurality of the
votes cast at the Annual Meeting and were elected as directors of
the Company until the 2018 annual meeting of stockholders and the
due election and qualification of their respective successors, or
such nominees earlier death, removal or resignation.
Proposal 2Advisory Vote on Executive
Compensation
The non-binding advisory vote on the compensation of the Companys
named executive officers received the following vote:
| Number of Votes | |||
| For | Against | Abstain | Broker Non-Votes |
| 43,112,054 | 116,861 | 22,112 | 4,542,611 |
Proposal 2 was approved by the affirmative vote of holders of a
majority of the shares of the Companys common stock issued,
present and voting at the Annual Meeting.
Proposal 3Advisory Vote on Frequency of Future
Advisory Votes on Executive Compensation
The non-binding advisory vote on the frequency of future advisory
votes on the compensation of the Companys named executive
officers received the following vote:
| Every Year | Every Two Years | Every Three Years | Abstain | Broker Non-Votes |
| 4,230,058 | 6,754 | 39,003,633 | 10,582 | 4,542,611 |
The frequency of one vote every three years for Proposal 3 was
selected by the affirmative vote of holders of a plurality of the
shares of the Companys common stock issued, present and voting at
the Annual Meeting. In light of the voting results, the Companys
Board of Directors determined at its May 24, 2017 meeting that
the Company will hold future advisory votes on executive
compensation every three years until the occurrence of the next
advisory vote on the frequency of future advisory votes on
executive compensation. The next advisory vote regarding the
frequency of future advisory votes on executive compensation is
required to occur no later than the Companys 2023 annual meeting
of stockholders.
Proposal 4Ratification of Appointment of Independent
Registered Public Accounting Firm
The ratification of RSM US LLP to serve as the independent
registered public accounting firm for the Company for the fiscal
year ending December 31, 2017 received the following vote:
| Number of Votes | ||
| For | Against | Abstain |
| 47,777,469 | 15,314 | |
Proposal 4 was approved by the affirmative vote of holders of a
majority of the shares of the Companys common stock issued,
present and voting at the Annual Meeting.
About Green Brick Partners, Inc. (NASDAQ:GRBK)
Green Brick Partners, Inc., formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services. Within homebuilding services segment, its two operating segments consist of Texas and Georgia. The Company’s land development segment conducts its business under the brand Green Brick Communities. The Company’s homebuilding services segment conducts its operations primarily through JBGL Builder Finance LLC (Builder Finance). The Company acquires and develops land, provides land and construction financing to its controlled builders and participates in the profits of its controlled builders. Its markets include the United States metropolitan areas of Dallas, Texas and Atlanta, Georgia. Green Brick Partners, Inc. (NASDAQ:GRBK) Recent Trading Information
Green Brick Partners, Inc. (NASDAQ:GRBK) closed its last trading session down -0.15 at 10.25 with 46,883 shares trading hands.