Pacific Biosciences of California, Inc. (NASDAQ:PACB) Files An 8-K Submission of Matters to a Vote of Security Holders
ITEM5.07.
|
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
Pacific Biosciences of California, Inc. (the Company) held its
Annual Meeting of stockholders (the Annual Meeting) on May 24,
2017.The matters voted upon at the Annual Meeting and the voting
results for each proposal are set forth below.
Proposal 1: Election of two Class I Directors
|
Name of Director |
For |
Withheld |
Broker Non-Votes |
|
John Milligan, Ph.D. |
51,715,491 |
913,063 |
28,462,100 |
|
Lucy Shapiro, Ph.D. |
50,692,644 |
1,935,910 |
28,462,100 |
Each director nominee was duly elected to serve until the 2020
annual meeting of stockholders and until their successor is duly
elected and qualified, subject to earlier resignation or removal.
Proposal 2: Ratification of the Appointment of Independent
Registered Public Accounting Firm
|
For |
Against |
Abstain |
Broker Non-Votes |
|
80,455,239 |
539,955 |
95,460 |
The stockholders ratified the appointment of Ernst Young LLP as
the Companys independent registered public accounting firm for
the fiscal year ending December 31, 2017.
Proposal 3: Advisory Approval of Executive Compensation
|
For |
Against |
Abstain |
Broker Non-Votes |
|
47,980,248 |
4,485,066 |
163,240 |
28,462,100 |
The stockholders approved, on an advisory basis, the compensation
of the named executive officers.
Proposal 4: Advisory Vote on the Frequency of Future Advisory
Votes on Named Executive Officer Compensation
|
One year |
Two years |
Three years |
Abstain |
Broker Non-Votes |
|
19,815,162 |
163,911 |
32,500,987 |
148,494 |
28,462,100 |
Based on the votes set forth above, the stockholders advised that
they were in favor of every three years as the frequency of
holding an advisory vote on the compensation of named executive
officers.In accordance with the voting results for this proposal
and the recommendation of the Companys board of directors,
Company will hold future advisory votes on the compensation of
the Companys named executive officers every three years. The next
required advisory vote on the frequency of future advisory votes
on the compensation of the Companys named executive officers will
take place no later than at the Companys 2023 annual meeting of
stockholders.
Proposal 5: Non-binding stockholder proposal to request that the
Company adopt majority voting in uncontested elections of
directors.
|
For |
Against |
Abstain |
Broker Non-Votes |
|
28,689,651 |
935,608 |
23,003,295 |
28,462,100 |
The stockholders approveda non-binding stockholder proposal
submitted by The California State Teachers Retirement System
(CalSTRS) to request that the Companys board of directors
initiate the appropriate process to adopt majority voting in
uncontested elections of directors, with a plurality vote
standard retained for contested director elections.
Pacific Biosciences of California, Inc. (NASDAQ:PACB) Recent Trading Information
Pacific Biosciences of California, Inc. (NASDAQ:PACB) closed its last trading session at with 1,624,810 shares trading hands.
