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

ME Staff 8-k

8 years ago

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.