RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Files An 8-K Submission of Matters to a Vote of Security HoldersITEM 5.07
On September 19, 2017, we held our Annual Meeting of Stockholders at 10737 Cutten Road, Houston, Texas 77066, for the following purposes:
| (1) | To elect six directors, including Eric S. Langan, Travis Reese, Nour-Dean Anakar, Yura Barabash, Steven L. Jenkins and Luke Lirot; |
| (2) | To ratify the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2017; |
| (3) | To approve a non-binding advisory resolution on executive compensation; |
| (4) | To vote on an advisory basis on whether advisory votes on executive compensation should occur every one, two or three years; and |
| (5) | To transact such other business as may properly come before the meeting. |
Based on the votes received in person and by proxy, all of the above named director nominees were elected, the appointment of BDO USA, LLP was ratified, the non-binding advisory resolution on executive compensation was approved, and the stockholders voted to hold advisory votes on executive compensation every year. There were no other matters presented for action at the Annual Meeting.
The exact results of the stockholder vote are as follows:
| Total Shares of Common Stock Outstanding as of the Record Date, July 24, 2017: | 9,718,711 |
| Total Voting Shares Present Either by Proxy or in Person of Common Stock: | 8,296,075 |
| Item 1: | Election of Directors |
| FOR | WITHHELD | |
| Eric S. Langan | 4,993,154 | 253,385 |
| Travis Reese | 4,995,459 | 251,080 |
| Nour-Dean Anakar | 5,056,627 | 189,912 |
| Steven L. Jenkins | 4,393,761 | 852,778 |
| Luke Lirot | 5,062,137 | 184,402 |
| Yura Barabash | 5,059,617 | 186,922 |
Additionally, there was a total of 3,049,536 broker non-votes for the election of directors.
| Item 2: | Ratification of appointment of BDO USA, LLP as independent registered public accounting firm for fiscal year ending September 30, 2017 |
| Votes for: | 8,222,731 |
| Votes against: | 53,386 |
| Votes abstained: | 19,958 |
| Item 3: | Approval of a non-binding advisory resolution on executive compensation |
| Votes for: | 5,048,426 |
| Votes against: | 70,428 |
| Votes abstained: | 127,685 |
Additionally, there was a total of 3,049,536 broker non-votes for approval of the non-binding advisory resolution on executive compensation.
| Item 4: | Vote on an advisory basis on the frequency of the advisory votes on executive compensation |
| Three years: | 2,308,894 |
| Two years: | 32,654 |
| One year: | 2,780,774 |
| Votes abstained: | 124,217 |
Additionally, there was a total of 3,049,536 broker non-votes for approval of whether the advisory votes on executive compensation should occur every one, two or three years.
The Board of Directors held a meeting on September 19, 2017, immediately after the Annual Meeting of Stockholders. In light of the stockholder vote above to include advisory votes on executive compensation in our proxy materials every year, our Board of Directors decided that future advisory votes on named executive officer compensation will be held every year until the next stockholder advisory vote on the frequency of such votes, which in accordance with applicable regulations, will occur no later than our Annual Meeting held in 2023.
