MILLER INDUSTRIES, INC. (NYSE:MLR) Files An 8-K Submission of Matters to a Vote of Security Holders
ITEM 5.07
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SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
On Friday, May 26, 2017, Miller Industries, Inc. (the Company)
held its Annual Meeting of Shareholders (the Annual Meeting) in
Dalton, Georgia. As of the record date, April 4, 2017, there were
11,351,982 shares of common stock entitled to vote at the Annual
Meeting. There were present at the Annual Meeting, in person or
by proxy, holders of 9,482,912 shares representing 83.54% of the
common stock entitled to vote at the Annual Meeting.
The matters considered and voted on by the Companys shareholders
at the Annual Meeting, the votes cast for, withheld or against,
and the number of abstentions and broker non-votes with respect
to each matter voted upon, as applicable, are set forth below:
1.The shareholders elected each of the following five directors
to hold office for a term of one year or until their successors
are duly elected and qualified, with the vote on the matter being
reflected as follows:
| Name | For | Withheld | Non-Votes | |||||||
| Theodore H. Ashford III | 6,779,486 | 2,703,426 | ||||||||
| A. Russell Chandler, III | 8,973,557 | 509,355 | ||||||||
| William G. Miller | 6,748,462 | 2,734,450 | ||||||||
| William G. Miller, II | 9,217,767 | 265,145 | ||||||||
| Richard H. Roberts | 6,776,709 | 2,706,203 | ||||||||
2.The shareholders voted, on an advisory basis, to approve the
compensation of the Companys named executive officers, with the
vote on the matter being reflected as follows:
| Vote Type | Number of Votes | ||||
| For | 9,267,516 | ||||
| Against | 207,724 | ||||
| Abstain | 7,672 | ||||
| Non-Votes | |||||
3.The shareholders voted, on an advisory basis, in favor of
holding future non-binding advisory votes to approve the
compensation of the Companys named executive officers every one
year, with the vote on the matter being reflected as follows:
| Vote Type | Number of Votes | |||
| One Year | 7,506,865 | |||
| Two Years | 54,619 | |||
| Three Years | 1,917,344 | |||
| Abstain | 4,084 | |||
| Non-Votes | ||||
4.The shareholders voted to approve the Miller Industries, Inc.
2016 Stock Incentive Plan, with the vote on the matter being
reflected as follows:
| Vote Type | Number of Votes | |||
| For | 9,052,875 | |||
| Against | 421,941 | |||
| Abstain | 8,096 | |||
| Non-Votes | ||||
The Companys Board of Directors has determined that, consistent
with the results of the shareholder advisory vote, as had been
recommended by the Board of Directors, the Company will hold
future shareholder advisory votes to approve the compensation of
the Companys named executive officers on an annual basis.
About MILLER INDUSTRIES, INC. (NYSE:MLR)
Miller Industries, Inc. is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. The Company purchases truck chassis for resale to its customers. The Company also manufactures vehicle transport trailers. The Company’s products are sold through independent distributors that serve approximately 50 states, Canada and Mexico, and other foreign markets, including Europe, the Pacific Rim, the Middle East, South America and Africa, and through prime contractors to governmental entities. The Company’s products are offered under various brands, including Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige and Boniface. The Company’s wreckers are used to recover and tow disabled vehicles and other equipment, and range in type from the conventional tow truck to large recovery vehicles with approximately 70-ton lifting capacities. MILLER INDUSTRIES, INC. (NYSE:MLR) Recent Trading Information
MILLER INDUSTRIES, INC. (NYSE:MLR) closed its last trading session up +0.45 at 26.75 with 28,066 shares trading hands.