MARLIN BUSINESS SERVICES CORP. (NASDAQ:MRLN) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
|
Submission of Matters to a Vote of Security Holders |
On May18, 2017, the Registrant held its Annual Meeting of
Shareholders (the Meeting). At the Meeting, the shareholders
elected six Directors to serve until the 2018 Annual Meeting of
Shareholders and until their successors are elected and
qualified. The vote on each Director is set forth below:
|
Name |
For |
Withheld |
||||||
|
John J. Calamari |
9,432,750shares | 278,928shares | ||||||
|
Lawrence J. DeAngelo |
9,225,671 shares | 486,007 shares | ||||||
|
Scott Heimes |
9,530,342 shares | 181,336 shares | ||||||
|
Jeffrey A. Hilzinger |
9,537,169 shares | 174,509 shares | ||||||
|
Matthew J. Sullivan |
9,439,745 shares | 271,933 shares | ||||||
|
J. Christopher Teets |
9,118,419 shares | 593,259 shares | ||||||
|
James W. Wert |
9,522,184 shares | 189,494 shares |
There were 1,296,860 broker non-votes.
The shareholders also approved, on an advisory basis, the
following resolution:
RESOLVED, that the compensation paid to the named executive
officers of Marlin Business Services Corp. (Marlin), as disclosed
to Item402 of Regulation S-K, including the Compensation
Discussion and Analysis, compensation tables and narrative
discussion as disclosed in Marlins Proxy Statement for the 2017
Annual Meeting of Shareholders, is hereby approved.
Such resolution was approved by a vote of 9,671,849 for, 22,379
against and 17,450 abstained. There were 1,296,860 broker
non-votes.
The shareholders also voted, on an advisory basis, on the
frequency with which the Registrant should hold an advisory vote
on executive compensation. The voting results were as follows:
7,756,445 votes for EVERY YEAR, 100,672 votes for EVERY TWO
YEARS, 1,832,751 votes for EVERY THREE YEARS and 21,810
abstained. There were no broker non-votes. The Board of Directors
considered the outcome of this vote and determined to implement
an annual advisory vote on the compensation of the Registrants
named executive officers.
The shareholders also ratified the appointment and retention of
Deloitte Touche LLP as the Registrants independent auditor.
Such ratification was approved by a vote of 10,973,597 for,
32,129 against and 2,812 abstained. There were no broker
non-votes.
About MARLIN BUSINESS SERVICES CORP. (NASDAQ:MRLN)
Marlin Business Services Corp. is a provider of equipment financing solutions primarily to small and mid-sized businesses. The Company finances over 100 categories of common-use commercial equipment, including copiers, computers and software, security systems, telecommunications equipment, and certain commercial and industrial equipment. The Company accesses its end user customers primarily through origination sources, including its existing network of over 12,300 independent commercial equipment dealers and various national account programs; through direct solicitation of its end user customers, and through relationships with select lease brokers. The Company provides equipment dealers with the ability to offer its lease financing and related services to their customers as an integrated part of their selling process. The Company’s product offerings include equipment leases, property insurance on leased equipment, and funding stream. MARLIN BUSINESS SERVICES CORP. (NASDAQ:MRLN) Recent Trading Information
MARLIN BUSINESS SERVICES CORP. (NASDAQ:MRLN) closed its last trading session down -0.10 at 24.80 with 32,633 shares trading hands.
