KapStone Paper and Packaging Corporation (NYSE:KS) 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.
The following proposals were voted upon and approved at the
annual meeting of stockholders of KapStone Paper and Packaging
Corporation (the Company) held on May16, 2017.
1. Election as directors of the nominees
listed below.
The holders of the common stock of the Company elected each of
the following directors to serve a term of three years, ending
the earlier of (a)the Companys 2020 annual meeting of
stockholders and the date a qualified successor has been elected,
or (b)death, resignation or retirement. The directors were
elected by the following count:
|
Directors |
|
For |
|
Against |
|
Abstain |
|
BrokerNon-Votes |
|
|
John H. Chapman |
84,753,818 |
1,351,203 |
52,989 |
4,365,010 |
|||||
|
Paula H.J. Cholmondeley |
85,730,313 |
383,764 |
43,933 |
4,365,010 |
|||||
|
Ronald J. Gidwitz |
83,597,871 |
2,515,480 |
44,659 |
4,365,010 |
|||||
|
Matthew Kaplan |
85,898,143 |
220,546 |
39,321 |
4,365,010 |
2. Ratification of the appointment of
Ernst Young LLP as the Companys independent registered public
accounting firm for 2017.
The holders of the common stock of the Company ratified the
appointment of Ernst Young LLP as the Companys independent
registered public accounting firm for 2017 by the following
count:
|
For |
|
Against |
|
Abstain |
|
BrokerNon-Votes |
|
|
88,949,272 |
1,525,625 |
48,123 |
|
3. Advisory approval of the Companys
named executive officer compensation.
The holders of common stock of the Company supported the
non-binding resolution to approve the compensation of the
Companys named executive officers by the following count:
|
For |
|
Against |
|
Abstain |
|
BrokerNon-Votes |
|
|
84,460,174 |
1,630,439 |
67,397 |
4,365,010 |
4. Advisory vote on the frequency of an
advisory vote to approve named executive officer
compensation.
The holders of common stock of the Company supported One Year as
the frequency with which the Company should hold an advisory vote
to approve the compensation of the Companys named executive
officers by the following count:
|
OneYear |
|
TwoYears |
|
ThreeYears |
|
Abstain |
|
BrokerNon-Votes |
|
|
69,037,802 |
128,040 |
16,931,146 |
61,022 |
4,365,010 |
After consideration of the stockholder voting results, the
Company has determined that it will hold an advisory vote to
approve the compensation of the Companys named executive
officers each year until the next required stockholder advisory
vote on named executive officer compensation occurs or until
the Companys board of directors otherwise determines that a
different frequency for advisory votes on named executive
officer compensation is in the best interests of the Companys
stockholders.
About KapStone Paper and Packaging Corporation (NYSE:KS)
KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington. The Company’s Paper and Packaging segment manufactures and sells a range of container boards, corrugated products and specialty paper for industrial and consumer markets. The Distribution segment, which operates under the Victory and Golden State Container trade names, provides its customers with packaging solutions and services, and distributes corrugated packaging materials, as well as other specialty packaging materials, such as plastics, wood, void fill, tapes and stretch wraps. KapStone Paper and Packaging Corporation (NYSE:KS) Recent Trading Information
KapStone Paper and Packaging Corporation (NYSE:KS) closed its last trading session down -0.95 at 20.27 with 1,028,371 shares trading hands.