HEALTHCARE SERVICES GROUP, INC. (NASDAQ:HCSG) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
-
0

HEALTHCARE SERVICES GROUP, INC. (NASDAQ:HCSG) 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
On Tuesday, May 30, 2017, Healthcare Services Group, Inc. (the
“Company”) held its annual meeting of shareholders for the
purposes of voting on the matters disclosed in its definitive Proxy
Statement on Schedule 14A filed with the Securities and Exchange
Commission on April 17, 2017. As of the Record Date of April 3,
2016, there were approximately 72,939,000 shares of common stock
outstanding and entitled to notice of and to vote at the annual
meeting. The final voting for the matters submitted to a vote of
shareholders are as follows:
Management Proposals:
Proposal No. 1 Election of Directors
At the annual meeting, shareholders voted for the election of nine
Directors for a one-year term or until their successors are elected
and qualified to fill the expiring terms of such Directors. All of
the Companys nominees for Director received the requisite plurality
(i.e. the highest number of votes of the Companys common stock in
accordance with the bylaws of the Company and Section 1758 of the
Pennsylvania Business Corporation Law) of the votes cast by the
holders of shares present at the meeting in person or by proxy and
entitled to vote thereon, and, accordingly, were elected to the
Board of Directors for the ensuing year and until their successors
are duly elected and qualified. Jude Visconto upon his re-election
will serve as the Chairman of the Board. The voting results are set
forth below:
Nominee
Votes For
Votes Withheld
Broker Non-Votes
Robert L. Frome
44,297,071
18,841,277
6,018,047
Robert J. Moss
44,588,987
18,549,361
6,018,047
John M. Briggs
36,034,908
27,103,440
6,018,047
Dino D. Ottaviano
33,850,902
29,287,446
6,018,047
Theodore Wahl
46,067,855
17,070,493
6,018,047
Michael E. McBryan
46,070,715
17,067,634
6,018,047
Diane S. Casey
35,532,874
27,605,474
6,018,047
John J. McFadden
37,032,982
26,105,367
6,018,047
Jude Visconto
45,387,825
17,750,523
6,018,047
Proposal No. 2 Independent Registered Public Accounting Firm
The proposal for the ratification of the selection of Grant
Thornton LLP as the Company’s independent registered public
accountants for the current fiscal year ending December 31, 2017
has received a majority of the votes cast as follows:
Votes For
Votes Against
Abstain
Broker Non-Votes
66,815,184
498,591
1,842,621
Proposal No. 3 Advisory Vote on Executive Compensation
The proposal relating to an advisory vote on a non-binding
resolution to approve the compensation of the Company’s named
executive officers has received a majority of the votes cast as
follows:
Votes For
Votes Against
Abstain
Broker Non-Votes
58,274,760
2,941,810
1,921,772
6,018,053
Proposal No. 4 Advisory Vote on the Frequency of Shareholder Advice
on Executive Compensation
One year received the most votes with respect to the proposal
relating to the frequency of shareholder advice on the executive
compensation of the Company’s named executive officers as follows:
Three Years
Two Years
One Year
Broker Non-Votes
8,255,272
103,080
54,627,754
6,018,053

The Board has decided to conduct shareholder advisory votes on
executive compensation on an annual basis.


About HEALTHCARE SERVICES GROUP, INC. (NASDAQ:HCSG)

Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States. The Company’s segments include Housekeeping and Dietary. The Housekeeping segment consists of housekeeping, laundry and linen services and involves the management of a client’s housekeeping department, which is responsible for the cleaning, disinfecting and sanitizing resident areas in the client’s facilities. The Dietary segment includes dietary department services, which is responsible for food purchasing, meal preparation and providing professional dietitian consulting services, which include the development of a menu that meets a patient’s dietary needs. The Company provides its services to the long-term care industry in the United States.

HEALTHCARE SERVICES GROUP, INC. (NASDAQ:HCSG) Recent Trading Information

HEALTHCARE SERVICES GROUP, INC. (NASDAQ:HCSG) closed its last trading session up +0.74 at 47.87 with 278,438 shares trading hands.