PICO HOLDINGS, INC. (NASDAQ:PICO) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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PICO HOLDINGS, INC. (NASDAQ:PICO) 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.
On May 4, 2017, PICO Holdings, Inc. (the Company) held its 2017
Annual Meeting of Shareholders (the Annual Meeting). As of March
10, 2017, the record date for the Annual Meeting, 23,072,403 shares
of common stock were outstanding and entitled to vote at the Annual
Meeting. At the Annual Meeting, 20,047,033 shares of common stock
were present in person or represented by proxy for the seven
proposals summarized below.
Proposal 1: Election of Directors
The Companys shareholders elected the five persons listed below
to serve for one year until the Companys Annual Meeting of
Shareholders in 2018. The final voting results are as follows:
Name of Directors Elected
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
Gregory Bylinksy
16,639,456
67,547
17,222
3,322,808
Andrew F. Cates
16,581,034
123,881
19,310
3,322,808
Daniel B. Silvers
13,968,431
2,736,483
19,311
3,322,808
Eric H. Speron
16,593,551
111,464
19,210
3,322,808
Maxim C.W. Webb
16,548,864
154,042
21,319
3,322,808
Proposal 2: Advisory (non-binding) vote to approve the combination
of the Chairman of the Board of Directors and Chief Executive
Officer positions
The Companys shareholders approved on an advisory (non-binding)
basis, the combination of the Chairman of the Board of Directors
and Chief Executive Officer positions. The final voting results
are as follows:
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
9,993,802
6,711,684
18,739
3,322,808
Proposal 3: Advisory (non-binding) vote on the compensation of the
Companys named executive officers
The Companys shareholders approved on an advisory (non-binding)
basis, the compensation of the Companys named executive officers
as described in the Company’s proxy statement. The final voting
results are as follows:
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
16,476,011
230,513
17,701
3,322,808
Proposal 4: Advisory (non-binding) vote on the frequency of
advisory voting on the compensation paid to the Companys named
executive officers
The Companys shareholders approved on an advisory (non-binding)
basis, that the frequency of advisory voting on the compensation
paid to the Companys named executive officers should be every one
year (i.e., an annual vote). The final voting results are as
follows:
1 Year
2 Years
3 Years
Votes Abstained
15,557,469
18,742
1,120,915
27,099
Consistent with the preference of the Companys shareholders
indicated by the voting results for Proposal 4, the Company has
decided to include an advisory (non-binding) vote on the
compensation of the Companys named executive officers every year
until the next required vote on the frequency of such advisory
votes.
Proposal 5: Ratification of the appointment of Deloitte Touche LLP
The Companys shareholders ratified the selection by the Audit
Committee of Deloitte Touche LLP as the Companys independent
registered public accounting firm for the fiscal year ending
December 31, 2017. The final voting results are as follows:
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
19,849,481
170,611
26,941
N/A
Proposal 6: Approval to change the state of incorporation of the
Company from California to Delaware
The Companys shareholders approved the proposal to change the state
of incorporation of the Company from California to Delaware. The
final voting results are as follows:
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
16,594,167
119,010
11,048
3,322,808
Proposal 7: Approval of the authorization to adjourn Annual Meeting
The Companys shareholders approved the authorization to adjourn the
Annual Meeting. The final voting results are as follows:
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
16,966,800
3,021,346
58,887
N/A


About PICO HOLDINGS, INC. (NASDAQ:PICO)

PICO Holdings, Inc. (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. PICO’s subsidiary, Vidler Water Company, Inc. (Vidler), acquires and develops water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico. PICO develops new sources of water for municipal and industrial use, either from existing supplies of water, such as water used for agricultural purposes, acquiring unappropriated water, or discovering new water sources. The Real Estate Operations are conducted through UCP, Inc., which is a homebuilder and land developer in markets located in California, Washington State, North Carolina, South Carolina and Tennessee. The Corporate segment includes its investments in small businesses, typically venture capital-type situations and also includes the results from a portfolio of equity securities.

PICO HOLDINGS, INC. (NASDAQ:PICO) Recent Trading Information

PICO HOLDINGS, INC. (NASDAQ:PICO) closed its last trading session down -0.10 at 16.90 with 137,443 shares trading hands.