OTTER TAIL CORPORATION (NASDAQ:OTTR) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
The Company held its Annual Shareholder Meeting on April 9, 2018. A total of 39,626,594 shares of the Company’s common stock were entitled to vote as of February 15, 2018, the record date for the Annual Meeting, of which 32,792,980 were voted in person or by proxy at the Annual Meeting. The matters voted upon and approved by the Company’s shareholders were:
|
(1) |
the election of three members to the Board of Directors; |
|
(2) |
the approval, in a non-binding advisory vote, the compensation provided to the Named Executive Officers as described in the proxy statement; and |
|
(3) |
the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2018. |
The following is a summary of the voting results for each matter presented to the shareholders:
Election of Directors:
|
Director’s Name |
Votes For |
Votes Withheld |
Broker Non-Votes |
|
Karen M. Bohn |
23,659,422 |
488,884 |
8,644,674 |
|
Charles S. MacFarlane |
23,777,847 |
370,459 |
8,644,674 |
|
Thomas J. Webb |
23,789,060 |
359,246 |
8,644,674 |
All three directors were elected to serve three year terms expiring at the time of the 2021 Annual Shareholder Meeting.
Approval of Compensation Provided to the Named Executive Officers as Described in the Proxy Statement:
|
Votes For |
Votes Against |
Votes Abstained |
Broker Non-Votes |
|
22,636,216 |
1,174,834 |
337,256 |
8,644,674 |
Ratification of the Appointment of Deloitte & Touche LLP:
|
Votes For |
Votes Against |
Votes Abstained |
Broker Non-Votes |
|
31,837,539 |
762,541 |
192,900 |
– |
About OTTER TAIL CORPORATION (NASDAQ:OTTR)
Otter Tail Corporation is a holding company. The Company, through its subsidiaries, operates through three segments: Electric, Manufacturing and Plastics. The Company’s subsidiaries own facilities and equipment used in the manufacture of producing polyvinyl chloride (PVC) pipe, thermoformed products, heavy metal fabricated products, metal parts stamping, fabricating, painting and contract machining. The Company, through its Electric segment, is engaged in the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by its subsidiary, Otter Tail Power Company (OTP). Its Manufacturing segment consists of businesses engaged in the activities, including contract machining, metal parts stamping, fabrication and painting, and production of material and handling trays and horticultural containers. The Company’s Plastics segment consists of businesses producing PVC pipe at plants in North Dakota and Arizona.
