LINDSAY CORPORATION (NYSE:LNN) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.Submission of Matters to a Vote of Security Holders.
On January 30, 2018, Lindsay Corporation (the “Company”) held its annual meeting of stockholders (the “January 2018 Annual Meeting”).A total of 9,408,481 shares of the Company’s common stock, or 87.75% of the 10,721,402 shares entitled to vote, were represented in person or by proxy at the January 2018 Annual Meeting.
The final results for each of the matters submitted to a stockholder vote at the January 2018 Annual Meeting are set forth below.
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1. |
The stockholders elected three directors with terms expiring in December 2020, based on the following voting results: |
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Votes For |
Votes Withheld |
Broker Non-Votes |
|
|
Election of Directors |
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|
Robert E. Brunner |
8,495,316 |
104,423 |
808,742 |
|
Timothy L. Hassinger |
8,496,221 |
103,518 |
808,742 |
|
Michael D. Walter |
8,285,050 |
314,689 |
808,742 |
|
2. |
The stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2018, based on the following voting results: |
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Votes For |
Votes Against |
Abstentions |
|
|
Ratification of Independent Registered Public Accounting Firm |
9,369,374 |
20,802 |
18,305 |
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3. |
The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, based on the following voting results: |
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Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
|
Advisory Vote on Executive Compensation |
8,306,059 |
266,360 |
27,320 |
808,742 |
Item 8.01.Other Information.
As previously disclosed, the Company’s next annual meeting of stockholders is expected to be held on December 18, 2018 (the “December 2018 Annual Meeting”).
Because the December 2018 Annual Meeting is expected to be held on a date that is more than 30 days prior to the anniversary of the January 2018 Annual Meeting, the Company has set a reasonable deadline for the receipt of stockholder proposals for the December 2018 Annual Meeting.
In order to be included in the Company’s proxy statement and form of proxy relating to the December 2018 Annual Meeting, stockholder proposals must be submitted by July 10, 2018 to the Secretary of the Company at its principal executive offices.The Company has determined that such date is a reasonable time before it expects to begin to print and send its proxy materials for the December 2018 Annual Meeting.The inclusion of any such proposal in such proxy material shall be subject to the requirements of the proxy rules adopted under the Securities Exchange Act of 1934, as amended.
Likewise, because the December 2018 Annual Meeting is expected to be held on a date that is more than 30 days prior to the anniversary of the January 2018 Annual Meeting, the Company’s amended and restated by-laws (the “By-Laws”) require that the Secretary of the Company must receive nominations for directors or stockholder proposals submitted for presentation at the December 2018 Annual Meeting (other than proposals submitted for inclusion in the Company’s proxy statement and form of proxy) at its principal executive offices no earlier than August 20, 2018 and no later than September 19, 2018.Any such nominations or proposals must be in accordance with the requirements and procedures outlined in the By-Laws and summarized herein.
The Company’s principal executive offices are located at 2222 North 111th Street, Omaha, Nebraska 68164.
About LINDSAY CORPORATION (NYSE:LNN)
Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry. The Infrastructure Segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, large diameter steel tubing, and railroad signals and structures. It also manufactures and markets hose reel travelers under the Perrot and Greenfield brands in Europe and South Africa. It produces or markets chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems, which it sells under its GrowSmart brand.
