NAUTILUS, INC. (NYSE:NLS) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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NAUTILUS, INC. (NYSE:NLS) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07

Matters Submitted to a Vote of Security Holders
On April 25, 2017 Nautilus, Inc. held its annual meeting of
shareholders. At the annual meeting, the Companys shareholders
(i) elected Ronald P. Badie, Bruce M. Cazenave, Richard A. Horn,
M. Carl Johnson, III, Anne G. Saunders and Marvin G. Siegert to
the Companys Board of Directors, each to serve until the next
annual meeting of shareholders or until their successors are duly
elected and qualified, (ii) adopted a non-binding advisory
resolution approving the Companys executive compensation, and
(iii) ratified the appointment of KPMG LLP as the Companys
independent registered accounting firm for the year ending
December 31, 2017.
The following is a summary of the voting results for each matter
submitted to the shareholders:
(1) Proposal to elect a Board of Directors consisting of six (6)
members:
Name
Votes For
Votes Withheld
Broker Non-Votes
Ronald P. Badie
24,712,079
1,230,831
3,177,726
Bruce M. Cazenave
25,767,126
175,784
3,177,726
Richard A. Horn
24,796,313
1,146,597
3,177,726
M. Carl Johnson, III
25,484,800
458,110
3,177,726
Anne G. Saunders
25,505,336
437,574
3,177,726
Marvin G. Siegert
24,721,656
1,221,254
3,177,726
(2) Proposal to adopt a non-binding advisory resolution approving
the Companys executive compensation:
For
Against
Abstain
Non-Votes
25,142,070
775,901
24,939
3,177,726
(3) Proposal to ratify the appointment of KPMG LLP as Independent
Registered Public Accounting Firm:
For
Against
Abstain
Non-Votes
28,989,699
124,592
6,345
Item 8.01
Other Events
On April 25, 2017, our Board of Directors authorized an
additional $15 million share repurchase program, bringing the
total authorization under existing programs to $25 million. Under
the new program, shares of our common stock may be repurchased
from time to time through April 25, 2019. Repurchases may be made
in open market transactions at prevailing prices, in privately
negotiated transactions, or by other means in accordance with
federal securities laws. Share repurchases will be funded from
existing cash balances, and repurchased shares will be retired
and returned to unissued authorized shares.
The Company issued a press release on May 1, 2017 to announce the
expansion of the program. A copy of the press release is
furnished with this current report on Form 8-K as Exhibit 99.1.
Item 9.01
Financial Statements and Exhibits
(d) Exhibits
The following exhibit is furnished herewith and this list is
intended to constitute the exhibit index:
99.1
Nautilus, Inc. Press Release – May 1, 2017


About NAUTILUS, INC. (NYSE:NLS)

Nautilus, Inc. is a consumer fitness products company. The Company operates through two segments: Direct and Retail. The Direct segment offers products directly to consumers through television advertising, catalogs and the Internet. The Retail segment offers its products through a network of independent retail companies with stores and Websites located in the United States and internationally. The Company’s principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America. It markets cardiovascular, strength and nutrition fitness products. The Company offers its products under the brands, including Nautilus, Bowflex, Octane Fitness, Schwinn and Universal. The Company’s warehousing and distribution facilities are located in Oregon and Ohio.

NAUTILUS, INC. (NYSE:NLS) Recent Trading Information

NAUTILUS, INC. (NYSE:NLS) closed its last trading session down -0.70 at 17.50 with 204,291 shares trading hands.