Kingstone Companies, Inc. (the “Company”) held its Annual Meeting of Stockholders on August 7, 2019 (the “2019 Annual Meeting”). The following is a summary of the matters voted on at the 2019 Annual Meeting.
Proposal 1 – Election of Directors
The stockholders elected the Company’s directors with terms expiring in 2020, as follows:
Proposal 2 – Ratification of the Selection of Independent Registered Public Accounting Firm
The stockholders ratified the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2019, as follows:
Proposal 3 – Advisory Vote on the Compensation of the Company’s Named Executive Officers
The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as set forth in the Company’s proxy statement for the 2019 Annual Meeting, as follows:
Proposal 4 – Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation
The stockholders approved, on an advisory basis, the frequency of the vote to approve the compensation of the Company’s named executive officers, as follows:
The results of the stockholder vote with respect to the frequency of the advisory vote on executive compensation were consistent with the recommendation of the Company’s Board of Directors that such vote be held every year. Accordingly, the Company will hold an annual advisory say-on-pay vote until the next required vote on the frequency of stockholder votes on the compensation of the Company’s named executive officers.
About KINGSTONE COMPANIES, INC. (NASDAQ:KINS)
Kingstone Companies, Inc. offers property and casualty insurance products to small businesses and individuals in New York State. The Company offers these products through its subsidiary, Kingstone Insurance Company (KICO). KICO is a licensed property and casualty insurance company. The Company operates through property and casualty insurances segment, which offers a range of property and casualty policies to its producers. The Company underwrites its business utilizing the CLUE industry claims database, insurance scoring reports, physical inspection of risks and other individual risk underwriting tools. It writes homeowners and dwelling fire business in New York City and Long Island. The Company’s product lines include personal lines, commercial liability, commercial automobile, livery physical damage and other. Its personal lines consist of homeowners, dwelling fire, renters, equipment breakdown and service line endorsements and personal umbrella policies.
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