MERCER INTERNATIONAL INC. (NASDAQ:MERC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
Mercer International Inc. (the “Company”) held its 2018 Annual Meeting of Shareholders on June1, 2018. At this meeting, shareholders were requested to (1)elect a board of directors, (2)ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm, and (3)approve, on a non-binding advisory basis, the Company’s executive compensation, all of which were described in more detail in the Company’s 2018 Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on April13, 2018. The results of voting on the matters submitted to the Company’s shareholders are as follows:
Proposal 1:Election of Directors.
All of the nine nominees for the Company’s board of directors were elected, and the voting results are set forth below:
| For | Withheld | BrokerNon-Votes | |
|
Jimmy S.H. Lee |
53,858,483 | 182,155 | 7,864,551 |
|
David M. Gandossi |
54,006,219 | 34,419 | 7,864,551 |
|
William D. McCartney |
53,643,972 | 396,666 | 7,864,551 |
|
Bernard Picchi |
54,007,243 | 33,395 | 7,864,551 |
|
James Shepherd |
53,996,853 | 43,785 | 7,864,551 |
|
R. Keith Purchase |
54,002,928 | 37,710 | 7,864,551 |
|
Martha A.M. Morfitt |
53,961,705 | 78,933 | 7,864,551 |
|
Alan C. Wallace |
54,001,625 | 39,013 | 7,864,551 |
|
Linda J. Welty |
54,007,450 | 33,188 | 7,864,551 |
Proposal 2:Ratification of Selection of Independent Registered Public Accounting Firm.
The selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal 2018 was ratified, and the voting results are set forth below:
|
For |
Against |
Abstentions |
Broker Non-Votes |
| 59,535,260 | 2,361,614 | 8,315 |
Proposal 3:Advisory Vote on Executive Compensation.
The non-binding resolution approving the Company’s executive compensation was approved, and the voting results are set forth below:
|
For |
Against |
Abstentions |
Broker Non-Votes |
| 53,831,933 | 137,730 | 70,975 | 7,864,551 |
About MERCER INTERNATIONAL INC. (NASDAQ:MERC)
Mercer International Inc. is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source. The Company operates over two mills in Eastern Germany and approximately one mill in Western Canada. The Company’s NBSK pulp mills include Rosenthal mill, which is located in the town of Blankenstein, Germany, approximately 300 kilometers south of Berlin; Stendal Mill, which is located near the town of Stendal, Germany, approximately 130 kilometers west of Berlin, and Celgar Mill, which is located near the city of Castlegar, British Columbia, Canada, over 600 kilometers east of Vancouver. The Company’s NBSK pulp mills has an annual production capacity of approximately 1.5 million air-dried metric tons (ADMTs) of NBSK pulp and generates over 305 megawatts (MW) of electricity.