ILG,Inc. (NASDAQ:ILG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02.Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On May19, 2017,ILG entered into an amendment to the Amended and
Restated Employment Agreement with Stephen G. Williams to reflect
his new role as Chief Commercial Officer for the Vacation
Ownership Business as well as document that effective March1,
2017 he received a 3% raise in base salary.
ITEM 5.07.Submission of Matters to a Vote of Security
Holders.
On May15, 2017,ILG,Inc. held its annual meeting of stockholders.
The matters on which the stockholders voted, in person or by
proxy, were (i)to elect thirteen directors to serve until ILGs
next annual meeting of stockholders or until their successors are
duly elected and qualified, (ii)to approve a non-binding advisory
resolution on executive compensation, (iii)to conduct a
non-binding advisory vote on the frequency of future advisory
votes on executive compensation, and (iv)to ratify the
appointment of Ernst Young LLP as ILGs independent registered
certified public accounting firm for the fiscal year ended
December31, 2017. The results of the voting are as follows:
Proposal 1 Election of Directors:
|
NameofNominee |
|
VotesFor |
|
VotesWithheld |
|
BrokerNon-Votes |
|
Craig M. Nash |
93,609,331 |
5,989,670 |
7,363,101 |
|||
|
David Flowers |
94,945,179 |
4,653,822 |
7,363,101 |
|||
|
Victoria L. Freed |
93,939,713 |
5,659,288 |
7,363,101 |
|||
|
Lizanne Galbreath |
99,015,713 |
583,288 |
7,363,101 |
|||
|
Chad Hollingsworth |
99,017,328 |
581,673 |
7,363,101 |
|||
|
Lewis J. Korman |
94,936,644 |
4,662,357 |
7,363,101 |
|||
|
Thomas J. Kuhn |
94,933,446 |
4,665,555 |
7,363,101 |
|||
|
Thomas J. McInerney |
94,265,115 |
5,333,886 |
7,363,101 |
|||
|
Thomas P. Murphy,Jr. |
94,205,175 |
5,393,826 |
7,363,101 |
|||
|
Stephen R. Quazzo |
99,011,412 |
587,589 |
7,363,101 |
|||
|
Sergio D. Rivera |
96,376,149 |
3,222,852 |
7,363,101 |
|||
|
Thomas O. Ryder |
97,789,888 |
1,809,113 |
7,363,101 |
|||
|
Avy H. Stein |
94,267,316 |
5,331,685 |
7,363,101 |
Each of ILGs directors was re-elected.
Proposal 2 Non-binding, advisory vote to approve the
compensation of the named executive officers.
|
VotesFor |
|
VotesAgainst |
|
Abstentions |
|
BrokerNon-votes |
|
97,509,270 |
2,039,671 |
50,060 |
7,363,101 |
The stockholders approved, on an advisory basis, Proposal 2.
Proposal 3 Non-binding advisory vote on the frequency of
future advisory votes on executive compensation
|
1Year |
|
2Years |
|
3Years |
|
Abstentions |
|
83,249,951 |
28,985 |
16,290,855 |
29,210 |
The majority of stockholders approved, on an advisory basis, a
vote every year on executive compensation.Based on the results of
this non-binding advisory vote, the Board of Directors of ILG has
determined that the next advisory vote on the compensation of our
named executive officers will be held in next year.
Proposal 4 Ratify the appointment of Ernst Young LLP as
ILGs independent registered certified public accounting firm for
the fiscal year ended December31, 2017
|
VotesFor |
|
VotesAgainst |
|
Abstentions |
|
BrokerNon-votes |
|
105,322,279 |
1,606,289 |
33,534 |
|
The stockholders ratified Proposal 4.
About ILG, Inc. (NASDAQ:ILG)
ILG, Inc., formerly Interval Leisure Group, Inc., is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties. Its Vacation Ownership segment engages in the management of vacation ownership resorts; sales, marketing, and financing of vacation ownership interests, and related services to owners and associations. The Company offers leisure and travel-related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients. ILG, Inc. (NASDAQ:ILG) Recent Trading Information
ILG, Inc. (NASDAQ:ILG) closed its last trading session up +0.06 at 26.73 with 859,907 shares trading hands.