MUELLER WATER PRODUCTS, INC. (NYSE:MWA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
Effective January 24, 2018, Michael S. Nancarrow assumed the position of Vice President and Chief Accounting Officer of Mueller Water Products, Inc. (the “Company”). Mr. Nancarrow replaces Kevin G. McHugh, who will remain with the Company until February 28, 2018 to help ensure a smooth transition.
Mr. Nancarrow has served as the Company's Senior Director, Financial Reporting and Assistant Controller since December 2014 and the Company's Director of Financial Reporting since September 2006. He earned a Bachelor of Science degree from The Ohio State University and is a certified public accountant.
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Item 5.07. |
Submission of Matters to a Vote of Security Holders. |
The Company held its annual meeting of stockholders on January 24, 2018. The stockholders of the Company voted on the following three items:
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1. |
The election of eight directors to terms ending in 2019. |
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2. |
An advisory resolution on the compensation of the Company's named executive officers. |
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3. |
The ratification of the appointment of Ernst& Young LLP as the Company's independent registered public accounting firm for fiscal 2018. |
Proposal 1. Each of the directors listed below was re-elected as a director of the Company. The nominees for director were elected based on the following votes.
|
Director |
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
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Shirley C. Franklin |
125,338,227 |
840,330 |
222,738 |
16,477,992 |
|
J. Scott Hall |
122,153,464 |
4,038,781 |
209,050 |
16,477,992 |
|
Thomas J. Hansen |
125,679,758 |
497,657 |
223,880 |
16,477,992 |
|
Jerry W. Kolb |
121,796,477 |
4,379,594 |
225,224 |
16,477,992 |
|
Mark J. O'Brien |
115,741,884 |
4,311,492 |
6,347,919 |
16,477,992 |
|
Bernard G. Rethore |
115,692,236 |
4,360,808 |
6,348,251 |
16,477,992 |
|
Lydia W. Thomas |
125,295,209 |
868,560 |
237,526 |
16,477,992 |
|
Michael T. Tokarz |
121,847,608 |
4,295,337 |
258,350 |
16,477,992 |
Proposal 2. The proposal to approve, on an advisory basis, the compensation of the Company's named executive officers received the following votes.
|
Votes for approval |
111,679,859 |
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Votes against approval |
7,711,267 |
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Abstentions |
7,010,169 |
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Broker Non-Votes |
16,477,992 |
Proposal 3. The proposal to ratify the appointment of Ernst& Young LLP as the Company's independent registered public accounting firm for fiscal 2018 received the following votes.
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Votes for approval |
137,537,792 |
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Votes against approval |
4,575,454 |
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Abstentions |
766,041 |
Item 8.01.Other Events.
On January 24, 2018, the Company issued two press releases announcing (i) an increase in the Company’s quarterly dividend and (ii) the election of Mark J. O’Brien as non-Executive Chairman of the Board of Directors, copies of which are attached hereto as Exhibit 99.1 and 99.2, respectively.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
Description |
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Press release, dated January 24, 2018, announcing increase in quarterly dividend. |
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Press release, dated January 24, 2018, announcing election of Mark J. O’Brien as non- Executive Chairman of the Board of Directors. |
Mueller Water Products, Inc. ExhibitEX-99.1 2 exhibit991-pressreleasediv.htm EXHIBIT 99.1 – PRESS RELEASE Exhibit January 24,…To view the full exhibit click here
About MUELLER WATER PRODUCTS, INC. (NYSE:MWA)
Mueller Water Products, Inc. is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co., Anvil and Mueller Technologies. The Mueller Co. segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants. The Anvil segment manufactures and sources a range of products, including a range of fittings, couplings, hangers and related products. The Mueller Technologies segment offers metering systems, leak detection, pipe condition assessment and other products and services for the water infrastructure industry. The Mueller Technologies segment includes Mueller Systems and Echologics businesses. The Company offers a range of water infrastructure, flow control and piping component system products and services in the United States and Canada.