Renewable Energy Group, Inc. (NASDAQ:REGI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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Renewable Energy Group, Inc. (NASDAQ:REGI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02.

Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
At the Annual Meeting of Stockholders of Renewable Energy Group,
Inc. (the Company) held on May 8, 2017 (the Annual Meeting), at
10:00 a.m., Central Time, at the Companys principal executive
offices, the stockholders of the Company approved an amendment to
the Companys Amended and Restated 2009 Stock Incentive Plan (the
2009 Plan) to increase the number of shares available for issuance
under the 2009 Plan (the 2009 Plan Amendment). As a result, the
2009 Plan Amendment became effective on May 8, 2017.
The purpose of the 2009 Plan Amendment is to increase the total
number of shares of common stock of the Company available for
issuance under the 2009 Plan by 550,000, from 5,960,000 shares to
6,510,000 shares. Further description of the 2009 Plan Amendment is
contained in the Companys Proxy Statement for the Annual Meeting
filed with the Securities and Exchange Commission on March 27,
2017. Such description and the foregoing description are each
qualified in their entirety by reference to the full text of the
2009 Plan, as amended, a copy of which is attached as Exhibit 10.1
to this Current Report on Form 8-K and which is incorporated herein
by reference.
Item 5.07.
Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, a total of 31,328,987 shares of the Companys
Common Stock were present in person or by proxy, representing
81.24% of the total number of shares outstanding and entitled to
vote at the meeting and a quorum for all matters before the
stockholders.
The number of votes cast for, against or withheld, as well as
abstentions, as applicable, with respect to each proposal
considered at the Annual Meeting is as follows:
Proposal No. 1 Election of Directors
The Companys stockholders elected three directors to the Companys
Board of Directors, each for a three-year term.
FOR
AGAINST
ABSTAIN
BROKER
NON-VOTES
Jeffrey Stroburg
22,599,314
1,594,985
17,087
7,117,601
Christopher D. Sorrells
22,600,252
1,572,521
38,613
7,117,601
Peter J.M. Harding
23,250,130
922,549
38,707
7,117,601
Proposal No. 2 “Say-On-Pay” Advisory Vote on the Executive
Compensation
The allocation of votes of the stockholders of the Company for the
non-binding advisory vote to approve the compensation of the
Companys named executive officers was as follows:
FOR
AGAINST
ABSTAIN
BROKER
NON-VOTES
23,187,301
941,080
83,005
7,117,601
Proposal No. 3 – Advisory Vote on the Frequency of the
“Say-On-Pay” Vote
The allocation of votes of the stockholders of the Company for the
non-binding advisory vote on the frequency of the “say-on-pay”
vote to approve the compensation of the Companys named executive
officers was as follows:
1 YEAR
2 YEARS
3 YEARS
ABSTAIN
BROKER
NON-VOTES
21,428,501
58,937
2,644,557
79,391
7,117,601
Proposal No. 4 – Ratification of the Appointment of Our Independent
Registered Public Accounting Firm for 2017
The proposal to ratify the appointment of Deloitte Touche LLP as
the Companys independent registered public accounting firm for the
fiscal year ending December 31, 2017 was approved by the votes of
the stockholders of the Company indicated below.
FOR
AGAINST
ABSTAIN
BROKER
NON-VOTES
31,078,827
219,392
30,768
Proposal No. 5 Approval of Amendment to Renewable Energy Group,
Inc. Amended and Restated 2009 Stock Incentive Plan
The proposal to approve the amendment to the Renewable Energy
Group, Inc. Amended and Restated 2009 Stock Incentive Plan was
approved by the votes of the stockholders of the Company indicated
below.
FOR
AGAINST
ABSTAIN
BROKER
NON-VOTES
23,091,850
1,031,336
88,200
7,117,601
Proposal No. 6 Approval of the Removal of Common Stock Issuance
Restrictions upon Conversion of the Company’s 4.00% Convertible
Senior Notes Due 2036
The proposal to approve the removal of common stock issuance
restrictions upon conversion of the Company’s 4.00% convertible
senior notes due 2036 was not approved, with the votes of the
stockholders of the Company indicated below.
FOR
AGAINST
ABSTAIN
BROKER
NON-VOTES
11,740,102
12,428,209
43,075
7,117,601
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits.
Exhibit No.
Descriptions
10.1
Renewable Energy Group, Inc. Amended and Restated 2009
Stock Incentive Plan


About Renewable Energy Group, Inc. (NASDAQ:REGI)

Renewable Energy Group, Inc. is focused on providing cleaner, lower carbon intensity products and services while also providing conventional products and services. The Company is a producer of biomass-based diesel in the United States. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. The Biomass-based diesel segment processes waste vegetable oils, animal fats, virgin vegetable oils and other feedstocks and methanol into biomass-based diesel. The Services segment offers services for managing the construction of biomass-based diesel production facilities and managing ongoing operations of third-party plants. The Renewable Chemicals segment includes research and development activities focusing on microbial fermentation to develop and produce renewable chemicals, fuels and other products. The Corporate and Other segment includes trading activities related to petroleum-based heating oil and diesel fuel.

Renewable Energy Group, Inc. (NASDAQ:REGI) Recent Trading Information

Renewable Energy Group, Inc. (NASDAQ:REGI) closed its last trading session down -0.05 at 12.45 with 610,993 shares trading hands.