Lumber Liquidators Holdings, Inc. (NYSE:LL) 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. |
Lumber Liquidators Holdings, Inc. (the Company) held its Annual
Meeting of Stockholders (the Annual Meeting) on May 24, 2017. At
the Annual Meeting, the stockholders of the Company (i) elected
the three Class II directors for three-year terms to hold office
until the 2020 Annual Meeting of Stockholders, (ii) ratified the
appointment of Ernst Young LLP as the Companys independent
registered public accounting firm for the fiscal year ending
December31, 2017, (iii) approved a non-binding advisory
resolution on the compensation of the Companys named executive
officers, and (iv) approved a non-binding advisory resolution as
to the frequency of the non-binding advisory stockholder vote to
approve the compensation of the Companys named executive
officers. A quorum of the Companys common stock was present for
the Annual Meeting. The following are the results of the matters
voted on at the Annual Meeting:
| (1) |
In the election of Class II directors, each nominee was elected by a vote of the stockholders as follows: |
|
Director |
For |
Withheld |
Broker Non-Votes |
| Dennis R. Knowles | 11,634,514 | 134,565 | 13,332,306 |
| David A. Levin | 11,627,942 | 141,137 | 13,332,306 |
| Martin F. Roper | 11,491,476 | 277,603 | 13,332,306 |
| (2) |
The proposal to ratify the appointment of Ernst Young LLP as the Companys independent registered public accounting firm for the fiscal year ending December31, 2017 was approved by stockholders as follows: |
|
For |
Against |
Abstain |
Broker Non-Votes |
| 24,410,613 | 569,449 | 121,323 | — |
| (3) |
The proposal to approve a non-binding advisory resolution approving the compensation of the Companys named executive officers as disclosed in the proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on April 12, 2017 was approved by the stockholders as follows: |
|
For |
Against |
Abstain |
Broker Non-Votes |
| 10,397,704 | 1,317,944 | 53,431 | 13,332,306 |
| (4) |
The proposal to provide a non-binding advisory vote as to the frequency (every one, two or three years) of the non-binding advisory stockholder vote to approve the compensation of the Companys named executive officers: |
|
One Year |
Two Years |
Three Years |
Abstain |
Broker Non-Votes |
| 10,716,363 | 70,814 | 939,838 | 42,064 | 13,332,306 |
Based on these results and in accordance with the Board of
Directors recommendation, the Board of Directors and management
have determined to implement an annual advisory vote on the
compensation of the Companys named executive officers beginning
with the next annual meeting of stockholders in 2018, until the
next frequency vote.
About Lumber Liquidators Holdings, Inc. (NYSE:LL)
Lumber Liquidators Holdings, Inc. (Lumber Liquidators) is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers an assortment of exotic and domestic hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. It also features the renewable flooring products, bamboo and cork, and provides a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives and flooring tools. The Company also provides in-home delivery and installation services to certain of its customers. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork and Vinyl Plank, and Moldings and Accessories. The Company sells its products primarily to homeowners or to contractors on behalf of homeowners. Lumber Liquidators operates over 375 stores located in over 50 states and Canada. It has over 370 the United States stores in operation. Lumber Liquidators Holdings, Inc. (NYSE:LL) Recent Trading Information
Lumber Liquidators Holdings, Inc. (NYSE:LL) closed its last trading session up +0.02 at 29.90 with 1,124,377 shares trading hands.
