MERCER INTERNATIONAL INC. (NASDAQ:MERC) Files An 8-K Submission of Matters to a Vote of Security Holders
ITEM5.07
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Submission of Matters to a Vote of Security Holders. |
Mercer International Inc. (the Company) held its 2017 Annual
Meeting of Shareholders on May31, 2017. At this meeting,
shareholders were requested to (1)elect a board of directors,
(2)ratify the selection of PricewaterhouseCoopers LLP as the
Companys independent registered public accounting firm,
(3)approve, on a non-binding advisory basis, the Companys
executive compensation, (4)approve amendments to the Companys
2010 Stock Incentive Plan and (5)approve, on a non-binding
advisory basis, the frequency of future advisory votes on
executive compensation, all of which were described in more
detail in the Companys 2017 Definitive Proxy Statement on
Schedule 14A, which was filed with the Securities and Exchange
Commission on April15, 2016 (as amended). The results of voting
on the matters submitted to the Companys shareholders are as
follows:
| Proposal1: | Election of Directors. |
All of the nine nominees for the Companys board of directors were
elected, and the voting results are set forth below:
| For | Withheld | Broker Non-Votes | ||||||||||
|
Jimmy S.H. Lee |
54,014,496 | 199,056 | 5,156,390 | |||||||||
|
David M. Gandossi |
54,076,962 | 136,590 | 5,156,390 | |||||||||
|
Eric Lauritzen |
51,936,444 | 2,277,108 | 5,156,390 | |||||||||
|
William D. McCartney |
51,658,439 | 2,555,113 | 5,156,390 | |||||||||
|
Bernard Picchi |
51,997,985 | 2,215,567 | 5,156,390 | |||||||||
|
James Shepherd |
52,011,760 | 2,201,792 | 5,156,390 | |||||||||
|
R. Keith Purchase |
54,142,591 | 70,961 | 5,156,390 | |||||||||
|
Nancy Orr |
54,120,403 | 93,149 | 5,156,390 | |||||||||
|
Matha A.M. Morfitt |
54,130,780 | 82,772 | 5,156,390 |
| Proposal2: |
Ratification of Selection of Independent Registered Public Accounting Firm. |
The selection of PricewaterhouseCoopers LLP as the Companys
independent registered public accounting firm for fiscal 2017 was
ratified, and the voting results are set forth below:
|
For |
Against |
Abstentions |
BrokerNon-Votes |
|||
|
56,350,675 |
2,985,736 | 33,531 |
| Proposal3: | Advisory Vote on Executive Compensation. |
The non-binding resolution approving the Companys executive
compensation was approved, and the voting results are set forth
below:
|
For |
Against |
Abstentions |
BrokerNon-Votes |
|||
|
51,884,321 |
2,301,471 | 27,760 | 5,156,390 |
| Proposal4: | Amendment to the Companys 2010 Stock Incentive Plan. |
The amendment to the Companys 2010 Stock Incentive Plan to
increase the number of common shares available for issuance under
such plan by 2,250,000 and extend its expiry date from June1,
2010 to May31, 2027 was approved, and the voting results are set
forth below:
|
For |
Against |
Abstentions |
BrokerNon-Votes |
|||
|
51,470,514 |
2,713,547 | 29,491 | 5,156,390 |
| Proposal5: |
Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation. |
The non-binding resolution to conduct future advisory votes on
executive compensation every year was approved, and the voting
results are set forth below:
|
1 Year |
2 Years |
3 Years |
Abstentions |
BrokerNon-Votes |
||||
|
50,047,525 |
21,308 | 27,760 | 5,156,390 | 5,156,390 |
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. MERCER INTERNATIONAL INC. (NASDAQ:MERC) Recent Trading Information
MERCER INTERNATIONAL INC. (NASDAQ:MERC) closed its last trading session 00.00 at 11.65 with 154,792 shares trading hands.