POTLATCH CORPORATION (NASDAQ:PCH) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
Submission of Matters to Vote of Security Holders.
(a)On May 1, 2017, Potlatch Corporation (the Company) held its
2017 Annual Meeting of Stockholders.
(b)The matters listed below were submitted to a vote of the
stockholders through the solicitation of proxies, and the
proposals are described in the Companys Proxy Statement filed
with the SEC on April 3, 2017.
(c)The certified results of the stockholder vote are as follows:
Proposal 1 Election of Directors
|
The following individuals were elected to serve as |
|
Nominee |
For |
Against |
Abstain |
Broker non-votes |
|
John S. Moody |
31,611,688 |
244,586 |
113,245 |
4,769,323 |
|
Lawrence S. Peiros |
31,588,744 |
268,039 |
112,736 |
4,769,323 |
|
Linda M. Breard |
31,589,299 |
267,739 |
112,481 |
4,769,323 |
Proposal 2 Ratification of the Appointment of KPMG, LLP as
Independent Auditors for 2017
The stockholders ratified the appointment of KPMG, LLP as the
Companys independent auditors for 2017.
|
For |
Against |
Abstain |
|
36,104,756 |
228,824 |
405,262 |
Proposal 3 Approval by non-binding vote to approve executive
compensation
The stockholders approved compensation paid to the Companys named
executive officers.
|
For |
Against |
Abstain |
Broker non-votes |
|
31,139,165 |
244,429 |
585,925 |
4,769,323 |
Proposal 4 Approval by non-binding vote of the frequency of
future advisory votes on executive compensation.
The stockholders voted to recommend a 1 year frequency of future
advisory votes on executive compensation.
|
One Year |
Two Years |
Three Years |
Abstain |
|
26,738,934 |
95,342 |
4,658,818 |
476,425 |
(d)In accordance with the recommendation of the Board, the
Companys stockholders voted, on an advisory basis, in favor of
holding future advisory votes to approve the Companys named
executive officer compensation every year. Based on the voting
results, the company will include an advisory stockholder vote to
approve the Companys named executive officer compensation in its
proxy materials on an annual basis until the next required
advisory vote on the frequency of stockholder votes to approve
the Companys named executive officer compensation, which will
occur no later than the Companys annual meeting of stockholders
in 2023.
About POTLATCH CORPORATION (NASDAQ:PCH)
Potlatch Corporation is a real estate investment trust (REIT). The Company operates through three segments: Resource, Wood Products and Real Estate. The Resource segment management activities include planting and harvesting trees, and building and maintaining roads. Its activities also include hunting leases, recreation permits and leases, mineral rights leases, biomass production and carbon sequestration. Its Wood Products segment manufactures and markets lumber, plywood and residual products at approximately five mills located in Arkansas, Idaho, Michigan and Minnesota. The activities of the Real Estate segment consist of the sale of selected non-core timberland real estate, which consists of over three categories, such as higher or better use (HBU) properties, rural real estate and non-strategic. The Company, through its subsidiaries, Potlatch TRS, operates real estate sales business and approximately five wood products manufacturing facilities that produce lumber and plywood. POTLATCH CORPORATION (NASDAQ:PCH) Recent Trading Information
POTLATCH CORPORATION (NASDAQ:PCH) closed its last trading session up +0.90 at 45.95 with 459,340 shares trading hands.
