LA QUINTA HOLDINGS INC. (NYSE:LQ) 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 18, 2017, La Quinta Holdings Inc. (the Company) held its
2017 Annual Meeting of Stockholders (the Annual Meeting).At the
Annual Meeting, stockholders voted on the matters disclosed in
the Companys definitive Proxy Statement on Schedule 14A filed
with the Securities and Exchange Commission on April 7, 2017 (the
Proxy Statement).108,865,596 shares of the Companys common stock
were represented in person or by proxy at the Annual Meeting,
which was equal to 92.7% of the issued and outstanding shares
entitled to vote at the meeting. The final voting results for the
matters submitted to a vote of stockholders were as follows:
Proposal No. 1 Election of Directors
The persons listed below were elected as directors for a one-year
term expiring at the Companys 2018 Annual Meeting of Stockholders
or until their respective successors are duly elected and
qualified:
|
Votes Cast For |
Votes Withheld |
Broker Non-Votes |
|
|
Keith A. Cline |
105,244,371 |
459,533 |
3,161,692 |
|
James R. Abrahamson |
103,993,384 |
1,710,520 |
3,161,692 |
|
Glenn Alba |
102,411,581 |
3,292,323 |
3,161,692 |
|
Scott O. Bergren |
104,787,334 |
916,570 |
3,161,692 |
|
Alan J. Bowers |
104,709,207 |
994,697 |
3,161,692 |
|
Henry G. Cisneros |
104,966,913 |
736,991 |
3,161,692 |
|
Giovanni Cutaia |
104,468,549 |
1,235,355 |
3,161,692 |
|
Brian Kim |
103,929,895 |
1,774,009 |
3,161,692 |
|
Mitesh B. Shah |
104,182,723 |
1,521,181 |
3,161,692 |
|
Gary M. Sumers |
104,504,973 |
1,198,931 |
3,161,692 |
Proposal No. 2 Ratification of Independent Registered Public
Accounting Firm
The appointment of Deloitte Touche LLP as the Companys
independent registered public accounting firm for fiscal 2017 was
ratified as follows:
|
Votes Cast For |
Votes Cast Against |
Abstentions |
Broker Non-Votes |
|
107,958,698 |
904,664 |
2,234 |
N/A |
Proposal No. 3 Amendment to the Companys Amended and Restated
Certificate of Incorporation
The five alternative amendments to the Companys amended and
restated certificate of incorporation to (i) effect a reverse
stock split of the Companys common stock at a ratio determined by
the Companys board of directors from the five designated
alternatives and, (ii) if and when the reverse stock split is
effected, reduce the number of authorized shares of the Companys
common stock by the approved reverse split ratio, were approved
as follows:
|
Votes Cast For |
Votes Cast Against |
Abstentions |
Broker Non-Votes |
|
108,725,789 |
137,947 |
1,860 |
N/A |
Proposal No. 4 Non-Binding Vote on Executive Compensation
The compensation paid to the Companys named executive officers as
disclosed in the Proxy Statement was approved in a non-binding
advisory vote as follows:
|
Votes Cast For |
Votes Cast Against |
Abstentions |
Broker Non-Votes |
|
102,127,156 |
3,559,961 |
16,787 |
3,161,692 |
About LA QUINTA HOLDINGS INC. (NYSE:LQ)
La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment derives its earnings from the operation of owned hotel properties located in the United States. The Company operates its franchise and management segment under various franchise and management agreements relating to its owned, franchised and managed hotels. The corporate and other segment includes revenues generated by and related to operating expenses incurred in connection with the overall support and brand management of the Company’s owned, managed and franchised hotels and operations. Its portfolio includes approximately 890 hotels representing approximately 87,500 rooms located predominantly across over 48 the United States’ states, as well as in Canada, Mexico and Honduras. LA QUINTA HOLDINGS INC. (NYSE:LQ) Recent Trading Information
LA QUINTA HOLDINGS INC. (NYSE:LQ) closed its last trading session up +0.20 at 14.22 with 861,374 shares trading hands.
