j2 Global, Inc. (NASDAQ:JCOM) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition
release (the “Press Release”) announcing its financial results
for the first quarter of fiscal 2017.
dividend of $0.3750 per common share. The dividend will be paid
on June 2, 2017 to all shareholders of record as of the close of
business on May 19, 2017. Future dividends will be subject to
approval by the Company’s Board of Directors.
Form 8-K.
Stockholders (the “Annual Meeting”) in Los Angeles, California.
Company’s stockholders for a vote at the Annual Meeting:
|
(1)
|
The election of the following six director nominees to
serve for the ensuing year and until their successors are elected and qualified. All nominees were elected as directors with the following vote: |
|
Nominee
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|
Douglas Y. Bech
|
38,736,511
|
2,795,079
|
48,761
|
3,336,625
|
|
Robert J. Cresci
|
35,914,876
|
5,616,712
|
48,763
|
3,336,625
|
|
W. Brian Kretzmer
|
40,435,034
|
1,096,605
|
48,712
|
3,336,625
|
|
Jonathan F. Miller
|
41,053,910
|
477,914
|
48,527
|
3,336,625
|
|
Richard S. Ressler
|
39,860,765
|
1,670,928
|
48,658
|
3,336,625
|
|
Stephen Ross
|
40,471,431
|
1,060,291
|
48,629
|
3,336,625
|
|
(2)
|
A proposal to ratify the appointment of BDO USA, LLP to
serve as the Company’s independent auditors for fiscal 2017. This proposal was approved with the following vote: |
| For | 44,600,227 |
| Against | 269,854 |
| Abstain | 46,895 |
| Broker Non-Votes |
|
(3)
|
A proposal to approve, in an advisory vote, the
compensation of the named executive officers. This proposal was approved with the following vote: |
| For | 39,774,272 |
| Against | 1,748,001 |
| Abstain | 58,078 |
| Broker Non-Votes | 3,336,625 |
|
(4)
|
A proposal to approve, in an advisory vote, the frequency
of future advisory votes on the compensation of the Company’s named executive officers. The proposal for a frequency of one year was approved with the following vote: |
| One Year | 37,114,393 |
| Two Years | 63,950 |
| Three Years | 4,351,910 |
| Abstain | 50,098 |
| Broker Non-Votes | 3,336,625 |
first quarter 2017 earnings conference call and Webcast. Via the
Webcast, the Company presented portions of its May 2017 Investor
Presentation, which contains a summary of the Company’s
financial results for the fiscal quarter ended March 31, 2017, a
reaffirmation of financial estimates for fiscal 2017, and certain
other financial and operating information regarding the Company.
A copy of this presentation is furnished as Exhibit 99.2 to this
Form 8-K.
shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or incorporated by reference in any filing under the
Securities Act of 1933, as amended (the “Securities Act”) or
the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing.
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Exhibit
Number
|
Description
|
|
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99.1
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Press Release dated May 8, 2017.
|
|
| 99.2 | May 2017 Investor Presentation. |
statements within the meaning of Section 27A of the Securities
Act and Section 21E of the Exchange Act. Such forward-looking
statements are subject to numerous assumptions, risks and
uncertainties that could cause actual results to differ
materially from those described in such statements. Such
forward-looking statements are based on management’s
expectations or beliefs as of May 8, 2017. Factors that might
cause such differences include, but are not limited to, a variety
of economic, competitive, and regulatory factors, many of which
are beyond the Company’s control and are described in the
Company’s Annual Report on Form 10-K filed by the Company on
March 1, 2017 with the SEC and the other reports the Company
files from time to time with the SEC. The Company undertakes no
obligation to revise or publicly release any updates to such
statements based on future information or actual results.
About j2 Global, Inc. (NASDAQ:JCOM)
j2 Global, Inc., together with its subsidiaries, is a provider of Internet services. The Company operates through two segments: Business Cloud Services and Digital Media. Through its Business Cloud Services Division, the Company provides cloud services to businesses of all sizes, from individuals to enterprises, and licenses its intellectual property (IP) to third parties. In addition, the Business Cloud Services Division includes its j2 Cloud Connect business, which is primarily focused on its voice and fax products. The Company’s Digital Media Division specializes in the technology and gaming markets, reaching in-market buyers and influencers in both the consumer and business-to-business space. Its eFax and MyFax online fax services enable users to receive faxes into their e-mail inboxes and to send faxes through Internet. In addition to eFax, it offers online fax services under a range of alternative brands, including MyFax, eFax Plus, eFax Pro, eFax Corporate and eFax Developer. j2 Global, Inc. (NASDAQ:JCOM) Recent Trading Information
j2 Global, Inc. (NASDAQ:JCOM) closed its last trading session down -0.34 at 90.27 with 544,679 shares trading hands.