INFINITY PROPERTY AND CASUALTY CORPORATION (NASDAQ:IPCC) Files An 8-K Submission of Matters to a Vote of Security Holders

21

INFINITY PROPERTY AND CASUALTY CORPORATION (NASDAQ:IPCC) 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 May 17, 2017, the shareholders of Infinity Property and
Casualty Corporation (the Company) voted on four proposals, set
forth below, at the 2017 Annual Meeting of Shareholders (the
Meeting). Of the 11,010,400 shares of common stock outstanding as
of March 23, 2017, the record date, 10,693,399 shares were
represented at the Meeting (in person or by proxy), constituting
97.12% of the outstanding shares entitled to vote. At the
Meeting, the shareholders approved all of the director nominees,
proposal 2, and proposal 3. With regard to proposal 4, a majority
of shareholders indicated a preferred frequency of every year for
future advisory votes on executive compensation. The final
results of voting on each of the proposals are as follows:
Proposal 1. Elect nine directors.
Nominee
Votes For
Votes Withheld
Broker Non-Votes
Victor T. Adamo
10,478,182
12,209
203,008
Richard J. Bielen
10,478,182
12,209
203,008
Angela Brock-Kyle
10,476,741
13,650
203,008
Teresa A. Canida
10,476,941
13,450
203,008
James R. Gober
10,469,596
20,795
203,008
Harold E. Layman
10,469,934
20,457
203,008
E. Robert Meaney
10,476,748
13,643
203,008
James L. Weidner
10,476,948
13,443
203,008
Samuel J. Weinhoff
10,471,394
18,997
203,008
Proposal 2.
Ratify the appointment of Ernst Young LLP as the Companys
independent registered public accounting firm for the 2017
fiscal year.
Votes For
Votes Against
Abstentions
Broker Non-Votes
10,668,705
24,049
Proposal 3.
Approve, in an advisory vote, the compensation of the
Companys named executive officers as disclosed in the proxy
statement.
Votes For
Votes Against
Abstentions
Broker Non-Votes
10,469,662
15,005
5,723
203,009
Proposal 4.
Preferred frequency of future advisory votes on executive
compensation.
1 Year
2 Years
3 Years
Abstentions
Broker Non-Votes
8,049,796
1,666
2,422,250
16,678
203,009
In consideration of the shareholder vote on the proposal
regarding the preferred frequency of future advisory votes on
executive compensation, the Companys Board of Directors decided
that the Company will hold an advisory vote to approve the
compensation of the Companys named executive officers every year
in connection with its annual meeting of shareholders.
Accordingly, the Company will include such an advisory vote every
year in its future proxy materials until the next shareholder
vote on the preferred frequency of such advisory votes, which
vote shall be held no later than the Companys annual meeting of
shareholders in 2023.


About INFINITY PROPERTY AND CASUALTY CORPORATION (NASDAQ:IPCC)

Infinity Property and Casualty Corporation is a holding company that, through its subsidiaries, provides personal automobile insurance with a focus on the nonstandard market. The Company writes personal automobile insurance with a concentration on nonstandard automobile insurance, mono-line commercial vehicle insurance and classic collector automobile insurance. It also writes standard and preferred personal auto insurance, mono-line commercial auto insurance and classic collector automobile insurance. Personal Automobile is its insurance product, which provides coverage to individuals for liability to others for bodily injury and property damage and for physical damage to an insured’s own vehicle from collision and various other perils. Commercial Vehicle provides coverage to businesses for liability to others for bodily injury and property damage and for physical damage to vehicles from collision. Classic Collector provides protection for classic collectible automobiles.

INFINITY PROPERTY AND CASUALTY CORPORATION (NASDAQ:IPCC) Recent Trading Information

INFINITY PROPERTY AND CASUALTY CORPORATION (NASDAQ:IPCC) closed its last trading session down -0.72 at 94.78 with 30,526 shares trading hands.

An ad to help with our costs