NOW INC. (NYSE:DNOW) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders
On May23, 2018, NOW Inc. (the “Company”) held its Annual Meeting of Stockholders where the following matters were voted upon and approved by the Company’s stockholders:
| 1. | the election of three members to the Board of Directors; |
| 2. | the ratification of the appointment of Ernst& Young LLP as the Company’s independent auditors for 2018; and |
| 3. | the approval, on an advisory basis, of the compensation of our named executive officers. |
The following is a summary of the voting results for each matter presented to the Company’s stockholders:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |
|
1. Election of directors: |
||||
|
Terry Bonno |
90,873,985 | 838,415 | 84,503 | 8,259,194 |
|
Galen Cobb |
90,902,365 | 839,532 | 55,006 | 8,259,194 |
|
James Crandell |
90,358,522 | 1,353,032 | 85,349 | 8,259,194 |
The three directors nominated by the Board of Directors were re-elected to serve three-year terms expiring in 2021. There were no nominees to office other than the directors elected.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |
|
2. Ratification of the appointment of Ernst& Young LLP as the Company’s independent auditors for 2018 |
99,454,326 | 171,877 | 429,894 |
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |
|
3. Approval of the compensation of the Company’s named executive officers |
54,030,529 | 37,011,615 | 754,759 | 8,259,194 |
About NOW INC. (NYSE:DNOW)
NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates primarily under the DistributionNOW and Wilson Export brands. The Company operates through three segments: United States (U.S.), Canada and International. Through its network of over 300 locations across the world, it stocks and sells an offering of energy products, as well as a selection of products for industrial applications. The Company’s energy product offering is consumed throughout all sectors of the oil and gas industry from upstream drilling and completion, exploration and production (E&P), midstream infrastructure development to downstream petroleum refining, as well as in other industries, such as chemical processing, utilities and industrial manufacturing operations. The industrial distribution portion of its business targets a range of end markets, including manufacturing, engineering and construction and refineries. It offers warehouse and inventory management solutions.
