NIC Inc. (NASDAQ:EGOV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
NIC Inc. (the Company) held on May 2, 2017, Company stockholders
approved the Companys Amended Executive Incentive Plan (the
Plan). The Plan is designed to provide a framework for granting
performance-based compensation under the Company’s current and
future compensation programs which is deductible from the
Company’s income taxes under Section 162(m) of the Internal
Revenue Code of 1986, as amended.
Companys definitive proxy statement filed with the Securities and
Exchange Commission (SEC) on March 17, 2017, and the full text of
the Plan is included in Appendix A of such proxy statement. A
copy of the Plan is filed herewith as Exhibit 10.1 and
incorporated herein by reference.
held on May 2, 2017, stockholders of the Company voted on five
proposals and cast their votes as described below. The proposals
are described in the Companys definitive proxy statement filed
with the SEC on March 17, 2017.
Annual Meeting of Stockholders and until their successors are
elected and qualified, as set forth below:
|
Name
|
For
|
Withheld
|
Broker Non-Votes
|
|||
|
Harry H. Herington
|
55,016,731
|
595,273
|
6,746,786
|
|||
|
Art N. Burtscher
|
54,085,296
|
1,526,708
|
6,746,786
|
|||
|
Venmal (Raji) Arasu
|
55,395,884
|
216,120
|
6,746,786
|
|||
|
Karen S. Evans
|
54,875,526
|
736,478
|
6,746,786
|
|||
|
Ross C. Hartley
|
55,047,844
|
564,160
|
6,746,786
|
|||
|
C. Brad Henry
|
55,396,570
|
215,434
|
6,746,786
|
|||
|
Alexander C. Kemper
|
53,317,805
|
2,294,199
|
6,746,786
|
|||
|
William M. Lyons
|
54,871,858
|
740,146
|
6,746,786
|
|||
|
Pete Wilson
|
54,742,813
|
869,191
|
6,746,786
|
compensation of the Companys named executive officers as set
forth in the Companys proxy statement for the 2017 Annual Meeting
of Stockholders, as set forth below:
|
For
|
Against
|
Abstentions
|
Broker Non-Votes
|
|||
|
54,582,574
|
1,001,548
|
27,882
|
6,746,786
|
advisory vote on the frequency of future advisory votes on
executive compensation as set forth below:
|
1 Year
|
2 Years
|
3 Years
|
Abstentions
|
Broker Non-Votes
|
||||
|
44,946,364
|
89,363
|
10,562,527
|
13,750
|
6,746,786
|
Incentive Plan as set forth in the Companys proxy statement for
the 2017 Annual Meeting of Stockholders, as set forth below:
|
For
|
Against
|
Abstentions
|
Broker Non-Votes
|
|||
|
54,820,229
|
757,472
|
34,303
|
6,746,786
|
the Companys independent registered public accounting firm for
2017, as set forth below:
|
For
|
Against
|
Abstentions
|
Broker Non-Votes
|
|||
|
58,451,813
|
3,888,024
|
18,953
|
| Exhibit No. |
Description
|
| 10.1 |
NIC Inc. Executive Incentive Plan
|
About NIC Inc. (NASDAQ:EGOV)
NIC Inc. is a provider of digital government services that help governments use technology. The Company operates through Outsourced Portals segment. The Other Software & Services category includes its subsidiaries that provide software development and services, other than outsourced portal services, to state and local governments, as well as federal agencies. The Company offers its services through two channels: primary outsourced portal businesses, and software & services businesses. In its primary outsourced portal businesses, it enters into long-term contracts with state and local governments to design, build, and operate Internet-based, enterprise-wide portals on their behalf. These portals consist of Websites and applications that the Company has built to allow businesses and citizens to access government information online and secure transactions, such as applying for a permit, retrieving government records, or filing a government-mandated form or report. NIC Inc. (NASDAQ:EGOV) Recent Trading Information
NIC Inc. (NASDAQ:EGOV) closed its last trading session up +0.10 at 20.90 with 449,860 shares trading hands.
