NORTHWEST PIPE COMPANY (NASDAQ:NWPX) 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
At the Annual Meeting of Shareholders for Northwest Pipe Company
(the Company) on June1, 2017, the Companys shareholders:
(i)elected three directors; (ii)approved, on an advisory basis,
the compensation paid to the Companys named executive officers;
(iii)approved, on an advisory basis, 1Year as the frequency with
which the Company should include an advisory vote on executive
compensation in future proxy statements; and (iv)ratified the
appointment of Moss Adams LLP as the Companys independent
registered public accountants for the year ending December31,
2017. Set forth below are the voting results for each of these
proposals.
Proposal 1: Election of three directors:
| Nominee | For | Withheld | BrokerNon-votes | |||
|
Michelle Applebaum (three-year term) |
7,646,919 |
178,420 |
1,115,443 |
|||
|
Michael Franson (two-year term) |
7,659,329 |
166,010 |
1,115,443 |
|||
|
Scott Montross (three-year term) |
6,919,628 |
905,711 |
1,115,443 |
Proposal 2: Advisory vote on executive compensation:
| For | Against | Abstain | Broker Non-votes | |||
|
6,812,283 |
829,354 |
183,702 |
1,115,443 |
Proposal 3: Advisory vote on the frequency of shareholder
advisory votes on executive compensation:
|
1 Year |
2 Years |
3 Years |
Abstain |
Broker Non-votes |
||||
|
6,608,873 |
56,707 |
979,809 |
179,950 |
1,115,443 |
Based on the voting results on Proposal 3, and consistent with
the Boards recommendation of 1Year as the frequency of
shareholder advisory votes on executive compensation, the Company
has determined to include an advisory vote on the compensation of
the Companys named executive officers in its proxy materials for
each annual meeting of shareholders until the next required
advisory vote on the frequency of shareholder advisory votes on
executive compensation.
Proposal 4: Ratification of the appointment of Moss Adams LLP as
the Companys independent registered public accountants for the
year ending December31, 2017:
|
For |
Against |
Abstain |
Broker Non-votes |
|
8,884,791 |
53,573 |
2,418 |
– |
About NORTHWEST PIPE COMPANY (NASDAQ:NWPX)
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St. Louis, Missouri; Salt Lake City, Utah, and Monterrey, Mexico. The Tubular Products segment produces steel line pipe products for energy applications, and has a manufacturing facility located in Atchison, Kansas. The Company, through Water Transmission Group, produces engineered welded steel pipe products for use in water transmission applications. It also manufactures smaller diameter electric resistance welded (ERW) steel pipe through its Tubular Products Group. The Company’s solutions-based products are used in water transmission, plant piping, tunnels and river crossings applications.