MoneyGram International, Inc. (NASDAQ:MGI) 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 May16, 2017, MoneyGram International, Inc., a Delaware
corporation (MoneyGram), held a special meeting of its
stockholders (the Special Meeting) to vote on the proposals
identified and described in detail in MoneyGrams Definitive Proxy
Statement, dated April10, 2017, which was first mailed to
MoneyGram stockholders on April13, 2017, as supplemented by the
Proxy Supplement, dated April19, 2017, which was first mailed to
MoneyGram stockholders on April26, 2017.
As of the close of business on April7, 2017, the record date for
the Special Meeting, there were 53,969,695 shares of MoneyGram
common stock issued and outstanding and entitled to vote at the
Special Meeting. At the Special Meeting, holders of 45,659,402
shares of MoneyGram common stock were present in person or
represented by proxy at the Special Meeting, which number
constituted a quorum. Each of the two proposals was approved by
the requisite vote of MoneyGram stockholders. The tables below
detail the final voting results for each proposal:
| 1. |
Proposal to approve and adopt the Agreement and Plan of Merger, dated as of January26, 2017, as such agreement may be amended from time to time (the merger agreement), by and among Alipay (UK) Limited, a United Kingdom limited company (Alipay), Matrix Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Alipay, Alipay (Hong Kong) Holding Limited, a Hong Kong limited company, which is a party solely for the purposes of Section8.16 of the merger agreement and MoneyGram (the merger). Set forth below are the final voting results for this proposal. |
|
Votes For |
Votes Against |
Votes Abstained |
Broker Non-Votes |
|||
| 44,264,374 | 861,234 | 533,794 |
The proposal to approve and adopt the merger agreement received
the affirmative vote of approximately 82% of the shares of
MoneyGram common stock outstanding entitled to vote thereon.
| 2. |
An advisory, non-binding proposal to approve compensation that will be or may become payable to MoneyGrams named executive officers in connection with the merger contemplated by the merger agreement. Set forth below are the final voting results for this proposal. |
|
Votes For |
VotesAgainst |
VotesAbstained |
Broker Non-Votes |
|||
| 44,192,888 | 925,587 | 540,927 |
The proposal to approve, on an advisory, non-binding basis, the
compensation that will be or may become payable to MoneyGrams
named executive officer in connection with the merger
contemplated by the merger agreement received an affirmative vote
of approximately 96.8% of the shares of MoneyGram common stock
present in person or represented by proxy at the Special Meeting
and entitled to vote.
About MoneyGram International, Inc. (NASDAQ:MGI)
MoneyGram International, Inc. is a provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company’s Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers. It utilizes point-of-sale platforms, including AgentConnect, DeltaWorks, Delta T3 and MoneyGram Online. The bill payment service includes ExpressPayment service. The Company offers its services under the MoneyGram brand. The Company’s Financial Paper Products segment offers money orders to consumers through its retail agents and financial institutions located across the United States and Puerto Rico. Its Financial Paper Products segment provides official check outsourcing services for financial institutions across the United States. The Company also offers Digital/Self-Service solutions, such as moneygram.com, mobile solutions, account deposit and kiosk-based services. MoneyGram International, Inc. (NASDAQ:MGI) Recent Trading Information
MoneyGram International, Inc. (NASDAQ:MGI) closed its last trading session down -0.17 at 17.13 with 1,608,177 shares trading hands.
