MYR GROUP INC. (NASDAQ:MYRG) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
|
Submission of Matters to a Vote of Shareholders. |
MYR Group Inc. (MYR or the Company) held its 2017 annual meeting
of stockholders (the 2017 Annual Meeting) on April 27, 2017, at
which the stockholders considered five proposals, each of which
is described in more detail in MYRs Definitive Proxy Statement,
dated March 10, 2017. The matters voted upon at the 2017 Annual
Meeting and the results of the votes were as follows:
Proposal 1. Election of Directors. The stockholders
elected four directors. Messrs. Fayne, Hartwick and Johnson, our
Class I nominees, were each elected to serve a three-year term
expiring at the 2020 annual meeting of stockholders or until his
successor has been duly chosen and qualified. Mr. Favreau, our
Class III nominee, was elected to serve a two-year term expiring
at the 2019 annual meeting of stockholders or until his successor
has been duly chosen and qualified.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |
| Henry W. Fayne | 13,692,167 | 80,926 | 1,708 | 695,105 |
| Kenneth M. Hartwick | 13,678,748 | 92,280 | 3,773 | 695,105 |
| Gary R. Johnson | 13,188,458 | 568,260 | 18,084 | 695,104 |
| Bradley T. Favreau | 13,672,848 | 100,808 | 1,146 | 695,104 |
Each of the following directors will continue to hold office
until his or her respective term expires: Jack L. Alexander,
Larry F. Altenbaumer, William A. Koertner, Donald C.I. Lucky,
Maurice E. Moore and William D. Patterson.
At a meeting of the board of directors following the 2017 Annual
Meeting, our board of directors decreased the size of the board
from eleven to ten members to eliminate the vacancy created by
the previously announced departure of John P. Schauerman.
Proposal 2. Advisory Resolution to Approve the Compensation of
Our Named Executive Officers. The stockholders approved the
resolution on executive compensation.
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 13,273,057 | 500,254 | 1,485 | 695,110 |
Proposal 3. Advisory Vote on the Frequency of Holding Future
Advisory Votes on Executive Compensation. The stockholders
voted in favor of every year as the frequency of future advisory
votes on executive compensation.
|
Votes For Every Year |
Votes For Every Two Years |
Votes For Every Three Years |
Abstentions | Broker Non-Votes |
| 10,241,258 | 6,644 | 3,511,388 | 15,510 | 695,106 |
Proposal 4. Approval of the MYR Group Inc. 2017 Long-Term
Incentive Plan. The stockholders approved the Companys 2017
Long-Term Incentive Plan.
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 13,353,763 | 419,286 | 1,752 | 695,105 |
Proposal 5. Ratification of the Appointment of Our Independent
Registered Public Accounting Firm. The stockholders ratified
the selection of Ernst Young LLP as our independent registered
public accounting firm for the fiscal year ending December 31,
2017.
| Votes For | Votes Against | Abstentions |
| 14,363,720 | 105,353 |
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
See Exhibit Index.
About MYR GROUP INC. (NASDAQ:MYRG)
MYR Group Inc. is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: Transmission and Distribution (T&D), and Commercial and Industrial (C&I). T&D customers include investor-owned utilities, cooperatives, private developers government-funded utilities, independent power producers, independent transmission companies, industrial facility owners and other contractors. The Company provides a range of services, which include design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair. The Company also provides C&I electrical contracting services to general contractors, commercial and industrial facility owners, local governments and developers in the western and northeastern United States. MYR GROUP INC. (NASDAQ:MYRG) Recent Trading Information
MYR GROUP INC. (NASDAQ:MYRG) closed its last trading session down -0.47 at 42.55 with 60,421 shares trading hands.