LGI HOMES, INC. (NASDAQ:LGIH) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.Submission of Matters to a Vote of Security Holders.
At the annual meeting of stockholders of LGI Homes, Inc. (the “Company”) held on May 3, 2018, the matters voted upon and the number of votes cast for or against, as well as the number of abstentions and broker non-votes as to such matters, were as stated below. The proposals related to each matter are described in the Company’s definitive proxy statement for the annual meeting, which was filed with the Securities and Exchange Commission on March 22, 2018.
Election of Directors (Item 1)
The following nominees for director were elected to serve one-year terms expiring at the Company's 2019 annual meeting of stockholders:
|
Nominee |
For |
Against |
Withheld |
Broker Non-Votes |
|
Ryan Edone |
15,582,628 |
262,070 |
4,686,657 |
|
|
Duncan Gage |
15,582,934 |
261,764 |
4,686,657 |
|
|
Eric Lipar |
15,566,790 |
277,908 |
4,686,657 |
|
|
Bryan Sansbury |
13,392,046 |
2,452,652 |
4,686,657 |
|
|
Steven Smith |
11,663,123 |
4,181,575 |
4,686,657 |
|
|
Robert Vahradian |
13,392,310 |
2,452,388 |
4,686,657 |
Ratification of Appointment of Independent Registered Public Accounting Firm (Item 2)
The appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2018 was ratified:
|
For |
Against |
Abstentions |
Broker Non-Votes |
|
20,461,457 |
43,180 |
26,718 |
Advisory Vote to Approve the Compensation Paid to the Named Executive Officers for 2017 (Item 3)
The advisory vote on the compensation paid to the named executive officers for 2017 was approved:
|
For |
Against |
Abstentions |
Broker Non-Votes |
|
15,548,125 |
143,813 |
152,760 |
4,686,657 |
Advisory Vote to Approve the Frequency of Future Advisory Votes on Executive Compensation (Item 4)
The advisory vote on the frequency of future advisory votes on executive compensation was:
|
1 Year |
2 Years |
3 Years |
Abstentions |
Broker Non-Votes |
|
8,454,920 |
95,925 |
6,986,657 |
307,196 |
4,686,657 |
In light of the results of the advisory vote on the frequency of future advisory votes on executive compensation, the Board of Directors of the Company has determined that the Company will hold a non-
binding advisory vote on executive compensation every year, until the next required non-binding advisory vote on the frequency of future non-binding advisory votes on executive compensation.
About LGI HOMES, INC. (NASDAQ:LGIH)
LGI Homes, Inc. is a homebuilder. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company has five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division. The Texas division includes homebuilding operations in Houston, Dallas/Fort Worth, San Antonio and Austin locations. The Southwest division includes homebuilding operations in Phoenix, Tucson, Albuquerque, Denver and Colorado Springs locations. The Southeast division includes homebuilding operations in Atlanta, Charlotte and Nashville locations. The Florida division includes homebuilding operations in Tampa, Orlando, Fort Myers and Jacksonville locations. The Northwest division includes homebuilding operations in Seattle location. Its product offerings include entry-level homes and move-up homes.
