NEENAH PAPER, INC. (NYSE:NP) 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
stockholders at the 2017 Annual Meeting of Stockholders of Neenah
Paper, Inc. (the Company):
|
1.
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A proposal to elect three Class I directors to serve for
three years and until their successors are duly elected and qualified; |
|
2.
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A proposal to approve an advisory vote on the Companys
executive compensation; |
|
3.
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A proposal to approve the frequency of advisory votes on the
Company’s executive compensation; and |
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4.
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A proposal to ratify the appointment of Deloitte Touche LLP
as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2017. |
compensation was approved on an advisory basis, the frequency of
advisory votes the Company’s executive compensation will be
annual, and the selection of Deloitte Touche LLP was ratified. The
number of votes cast for, withheld from, abstentions and broker
non-votes with respect to each matter voted upon are set forth in
the tables below:
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Nominee
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Votes for
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Votes Against
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Abstentions
|
Broker non-votes
|
|
John P. O’Donnell
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14,033,422
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143,892
|
9,261
|
1,554,336
|
|
|
|
|
|
|
|
William M. Cook
|
13,948,430
|
228,954
|
9,191
|
1,554,336
|
|
|
|
|
|
|
|
Philip C. Moore
|
13,770,185
|
407,008
|
9,382
|
1,554,336
|
|
Votes for
|
Votes against
|
Abstentions
|
Broker non-votes
|
|
13,662,341
|
480,533
|
43,681
|
1,554,336
|
Compensation
|
One Year
|
Two Years
|
Three Years
|
Abstentions
|
Broker non-votes
|
|
11,442,771
|
29,820
|
2,699,891
|
14,093
|
1,554,336
|
|
Firm
|
Votes for
|
Votes against
|
Abstentions
|
|
Deloitte Touche
|
15,297,995
|
422,912
|
20,004
|
announced that its Board of Directors authorized the renewal of the
Company’s annual share repurchase program that would allow the
Company to repurchase up to $25 million of its outstanding common
stock through May 31, 2018. Purchases by the Company under the
program may be made from time to time in the open market or in
privately negotiated transactions in accordance with the
requirements of applicable law. The timing and amount of any
purchases will depend on share price, market conditions and other
factors. The program does not require the Company to purchase any
specific number of shares and may be suspended or discontinued at
any time.
attached as Exhibit 99.1 to this Current Report on Form 8-K.
About NEENAH PAPER, INC. (NYSE:NP)
Neenah Paper, Inc. has two principal operations, technical products business, and fine paper and packaging business. The Company’s segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of fiber-formed, coated and/or saturated specialized media, which includes filtration media (Filtration), tape and abrasives backings products (Backings), and durable label and specialty substrate products (Specialty). The fine paper and packaging business is a supplier of printing and other specialty papers (Graphic Imaging), premium packaging (Packaging) and specialty office papers (Filing/Office) in North America. Its technical products manufacturing facilities are located in Munising, Michigan; Pittsfield, Massachusetts; Bolton, England, and Munich, Germany. Its fine paper and packaging manufacturing facilities are located in Appleton, Neenah and Whiting, Wisconsin, and Canton, Ohio. NEENAH PAPER, INC. (NYSE:NP) Recent Trading Information
NEENAH PAPER, INC. (NYSE:NP) closed its last trading session up +0.01 at 76.30 with 65,181 shares trading hands.
