MOVADO GROUP, INC. (NYSE:MOV) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
Submission of Matters to a Vote of Security Holders.
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(a) Annual Meeting. The 2017 Annual Meeting of Shareholders of
the Company was held on June 22, 2017.
(b) Matters Voted Upon; Voting Results. The following matters
were submitted for a vote of the Companys shareholders.
Matter One. Election of Directors. Each of the nine nominees
listed below was elected a director of the Company to hold office
until the next annual meeting of the shareholders and until his
or her successor has been elected and qualified.
|
Nominee |
Number of Votes For |
Number of Votes Withheld |
Number of Broker Non-Votes |
|
Margaret Hayes Adame |
71,779,949
|
730,809
|
1,518,464
|
|
Peter A. Bridgman |
72,228,908
|
281,850
|
1,518,464
|
|
Richard J. Cot |
71,956,323
|
554,435
|
1,518,464
|
|
Alex Grinberg |
71,989,078
|
521,680
|
1,518,464
|
|
Efraim Grinberg |
71,918,253
|
592,505
|
1,518,464
|
|
Alan H. Howard |
71,950,058
|
560,700
|
1,518,464
|
|
Richard Isserman |
72,196,877
|
313,881
|
1,518,464
|
|
Nathan Leventhal |
71,747,219
|
763,539
|
1,518,464
|
|
Maurice Reznik |
72,399,268
|
111,490
|
1,518,464
|
Matter Two. Ratification of the appointment of
PricewaterhouseCoopers LLP as the Companys Independent Registered
Public Accounting Firm for Fiscal Year 2018.
|
Number of Votes For |
Number of Votes Against |
Number of Votes Abstaining |
Number of Broker Non-Votes |
73,881,427 |
114,590 |
33,205 |
– |
Matter Three. Adoption, on an advisory basis, of a resolution
approving the compensation of the Companys named executive
officers as disclosed in the Proxy Statement for the Companys
2017 Annual Meeting of Shareholders.
|
Number of Votes For |
Number of Votes Against |
Number of Votes Abstaining |
Number of Broker Non-Votes |
71,865,983 |
356,100 |
288,675 |
1,518,464 |
Matter Four. Adoption, on an advisory basis, of the frequency of
future advisory votes on executive compensation as disclosed in
the Proxy Statement for the Companys 2017 Annual Meeting of
Shareholders.
|
One Year |
Two Years |
Three Years |
Abstain |
Number of Broker Non-Votes |
69,697,475 |
3,232 |
2,788,098 |
21,953 |
1,518,464 |
(d) Disclosure Regarding Frequency of Shareholder Advisory Vote
on Executive Compensation. A majority of the votes cast by the
Companys shareholders were voted to hold an advisory vote on
executive compensation annually. After considering this
preference of a majority of the Companys shareholders, the
Companys Board of Directors determined, at a meeting held on June
22, 2017, that the Company will hold a non-binding advisory vote
on the compensation of its named executive officers on an annual
basis until the next non-binding shareholder vote on the
frequency of future advisory votes on executive compensation is
taken.
About MOVADO GROUP, INC. (NYSE:MOV)
Movado Group, Inc. designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains, department stores and independent jewelers. The Retail segment includes its retail outlet stores. The Company’s subsidiary, Movado Retail Group, Inc., operates approximately 40 outlet stores located in outlet centers across the United States. The Company divides its business into two geographic locations: the United States and International. It has international operations in Europe, the Americas (excluding the United States), the Middle East and Asia. Its portfolio of brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado and Tommy Hilfiger Watches.
