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
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:
|
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
|
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.