Marriott Vacations Worldwide Corporation (NYSE:VAC) 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 May 15, 2018, at the Annual Meeting of Shareholders (the “Annual Meeting”) of Marriott Vacations Worldwide Corporation (the “Company”), a total of 24,787,854 shares of the Company’s common stock (93.3 percent of all shares entitled to vote at the Annual Meeting) were represented, in person or by proxy. At the Annual Meeting, shareholders considered: (1)the election of Melquiades R. Martinez and Stephen P. Weisz as Class III Directors; (2)the ratification of the selection by the Company’s Audit Committee of Ernst& Young LLP as the Company’s independent auditors for the current fiscal year; and (3)the approval of an advisory resolution on executive compensation. The Company’s shareholders voted as follows on these matters:
(1) The Company’s shareholders elected the two director nominees named in the Proxy Statement as Class III directors with the following votes:
|
Nominee |
For |
Withheld |
Broker Non-Vote |
|
Melquiades R. Martinez |
21,286,129 |
689,610 |
2,812,115 |
|
Stephen P. Weisz |
21,916,287 |
59,452 |
2,812,115 |
(2) The Company’s shareholders ratified the selection by the Company’s Audit Committee of Ernst& Young LLP as the Company’s independent auditors for the current fiscal year with the following votes:
|
For |
Against |
Abstain |
Broker Non-Vote |
|
24,731,035 |
44,283 |
12,536 |
(3) The Company’s shareholders approved an advisory resolution on executive compensation with the following votes:
|
For |
Against |
Abstain |
Broker Non-Vote |
|
21,650,936 |
279,432 |
45,371 |
2,812,115 |
About Marriott Vacations Worldwide Corporation (NYSE:VAC)
Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand. The Company develops, markets and sells whole ownership residential products under The Ritz-Carlton Residences brand. The Company operates through three segments: North America, Europe and Asia Pacific. The Company’s portfolio consists of approximately 60 properties in the United States and over eight other countries and territories. The Company’s brands include The Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club and The Ritz-Carlton Residences. The Company also offers purchase money financing for purchasers of its vacation ownership products.