RLI Corp. (NYSE:RLI) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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RLI Corp. (NYSE:RLI) 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.

(a)

On May 3, 2018, RLI Corp. (the “Company”) held its annual meeting of shareholders (“Annual Meeting”).

(b)

At the Annual Meeting, the Company’s shareholders voted on the following four proposals and cast their votes as described below.

1. The nominees for election to the Board of Directors were elected at the Annual Meeting, each to hold office for a one-year term expiring at the next annual meeting, based upon the following votes:

For

Withheld

Broker Non-Votes

Election of Directors:

—

—

Kaj Ahlmann

37,393,842

219,010

3,871,783

Michael E. Angelina

37,400,637

212,215

3,871,783

John T. Baily

34,345,868

3,266,984

3,871,783

Calvin G. Butler, Jr.

36,774,173

838,679

3,871,783

David B. Duclos

37,355,750

257,102

3,871,783

Jordan W. Graham

37,099,742

513,110

3,871,783

Jonathan E. Michael

37,156,634

456,218

3,871,783

Robert P. Restrepo, Jr.

37,232,634

380,218

3,871,783

James J. Scanlan

37,404,073

208,779

3,871,783

Michael J. Stone

37,144,111

468,741

3,871,783

2. The proposal to approve the reincorporation of the Company from the State of Illinois to the State of Delaware, was approved based upon the following votes:

Broker

For

Against

Abstentions

Non-Votes

36,178,056

1,382,113

52,683

3,871,783

3. The proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers, as described in the proxy materials, was approved based upon the following votes:

Broker

For

Against

Abstentions

Non-Votes

36,878,226

588,475

146,151

3,871,783

4. The proposal to ratify the selection of KPMG LLP as the Company’s independent registered public accounting firm for 2018 was approved based upon the following votes:

Broker

For

Against

Abstentions

Non-Votes

40,847,899

562,114

74,622

—

Item 8.01 Other Events.

On May3, 2018, the Company announced that the Board approved a quarterly dividend on its common stock of $0.22 per share. The dividend is payable on June20, 2018, to shareholders of record as of May31, 2018. Furnished as Exhibit99.1 and incorporated herein by reference is the press release issued by the Company.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits


RLI CORP Exhibit
EX-99.1 2 rli-20180503ex991897704.htm EX-99.1 2Q18_Press Release_Exhibit991_8K       Exhibit 99.1     RLI INCREASES REGULAR DIVIDEND FOR 43RD CONSECUTIVE YEAR  PEORIA,…
To view the full exhibit click here

About RLI Corp. (NYSE:RLI)

RLI Corp. is a specialty insurance company. The Company operates through three segments: Casualty, Property and Surety. The Casualty segment consists of general liability, personal umbrella, transportation, executive products and commercial umbrella coverages, as well as package business and other specialty coverages. The property segment comprise primarily of commercial fire, earthquake, difference in conditions, marine and facultative and treaty reinsurance including crop. The surety segment specializes in writing small-to-large commercial and contract surety coverages, as well as those for the energy, petrochemical and refining industries. It underwrites selected property and casualty insurance through subsidiaries collectively known as RLI Insurance Group. It conducts its operations through approximately three insurance companies: RLI Insurance Company, Mt. Hawley Insurance and Company and Contractors Bonding and Insurance Company.