Hanesbrands Inc. (NYSE:HBI) 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 in the Original Form8-K,in anon-bindingadvisory vote on thefrequencyof futureSay-on-Payvotes held at the 2017 Annual Meeting, a majority of the Company’s stockholders that voted on the matter indicated a preference to hold futureSay-on-Payvotes every year as follows:
One Year |
Two Years |
Three Years |
Abstentions |
BrokerNon-votes |
264,173,414 |
916,488 |
21,685,634 |
983,045 |
48,686,247 |
In light of these results and in accordance with its previous recommendation in the proxy statement for the 2017 Annual Meeting, the Company’s Board of Directors determined that the Company will hold futureSay-on-Payvotes on an annual basis until the occurrence of the next advisory vote on thefrequencyofSay-on-Payvotes. The next advisory vote regarding thefrequencyofSay-on-Payvotes is required to occur no later than the Company’s 2023 Annual Meeting of Stockholders.
About Hanesbrands Inc. (NYSE:HBI)
Hanesbrands Inc. is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports. Its Hanes brand offers various products, including men’s, women’s and children’s underwear, bras, socks, T-shirts, fleece, shape wear and sheer hosiery. Its Champion brand offers athletic apparel, including sports bras, team uniforms, and gym essentials, such as T-shirts, mesh shorts and fleece hoodies. The Activewear segment sells basic branded products that are primarily seasonal in nature under the product categories of branded printwear and retail activewear, as well as licensed logo apparel. The Company also offers underwear, babywear and socks brand, Bonds, and sports bra brand Berlei. Hanesbrands Inc. (NYSE:HBI) Recent Trading Information
Hanesbrands Inc. (NYSE:HBI) closed its last trading session up +0.55 at 25.23 with 3,843,214 shares trading hands.