LPL Financial Holdings Inc. (NASDAQ:LPLA) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
Submission of Matters to a Vote of Security Holders.
LPL Financial Holdings Inc. (NASDAQ:LPLA) Files An 8-K Submission of Matters to a Vote of Security Holders
LPL Financial Holdings Inc. (the “Company”) held its 2018 annual meeting of stockholders (the “Annual Meeting”) on May 17, 2018. The stockholders of the Company considered and acted upon the following proposals:
1. Election of Directors. By the vote reflected below, the stockholders elected the following eight individuals to serve as directors of the Company until the 2019 annual meeting of stockholders and until their respective successors are duly elected and qualified:
|
Nominee |
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
Dan H. Arnold |
77,784,780 |
127,031 |
74,647 |
3,520,459 |
|
Viet D. Dinh |
77,535,386 |
358,332 |
92,740 |
3,520,459 |
|
H. Paulett Eberhart |
77,653,293 |
240,273 |
92,892 |
3,520,459 |
|
William F. Glavin, Jr. |
77,865,056 |
29,913 |
91,489 |
3,520,459 |
|
Anne M. Mulcahy |
77,579,441 |
315,186 |
91,831 |
3,520,459 |
|
James S. Putnam |
75,673,807 |
2,236,767 |
75,884 |
3,520,459 |
|
James S. Riepe |
73,732,633 |
4,160,716 |
93,109 |
3,520,459 |
|
Richard P. Schifter |
73,372,559 |
4,520,749 |
93,150 |
3,520,459 |
2. Ratification of the Appointment of Deloitte & Touche LLP by the Audit Committee of the Board of Directors as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2018. The stockholders ratified the appointment of Deloitte & Touche LLP by the audit committee of the Company’s board of directors as the Company’s independent registered public accounting firm for the current fiscal year. 79,218,354 shares voted for the proposal; 2,215,122 shares voted against the proposal; and 73,441 shares abstained from voting on the proposal. There were no broker non-votes on the proposal.
3. Advisory Vote on Executive Compensation. The stockholders approved, on an advisory, non-binding basis, the compensation paid to the named executive officers of the Company, as disclosed in the Company’s definitive proxy statement on Schedule 14A filed with the Securities Exchange Commission on March 29, 2018 relating to the Annual Meeting. 76,925,975 shares voted for the proposal, 728,228 shares voted against the proposal; and 332,255 shares abstained from voting on the proposal. There were 3,520,459 broker non-votes on the proposal.
About LPL Financial Holdings Inc. (NASDAQ:LPLA)
LPL Financial Holdings Inc. is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors (its advisors), including financial advisors at approximately 700 financial institutions across the country. Through its advisors, the Company is a distributor of financial products and services in the United States. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. The Company’s platform provides access to approximately 790 product providers that offer the various product lines, such as insurance-based products, alternative investments, structured products, mutual funds, separately managed accounts, exchange traded products, unit investment trusts, retirement plan products and annuities.