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.
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(a) |
On May 4, 2017, RLI Corp. (the Company) held its annual |
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(b) |
At the Annual Meeting, the Companys shareholders voted on |
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:
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For |
Withheld |
Broker Non-Votes |
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Election of Directors: |
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Kaj Ahlmann |
37,386,134 |
698,665 |
4,361,625 |
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Barbara R. Allen |
37,013,187 |
1,071,612 |
4,361,625 |
|||
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Michael E. Angelina |
37,424,923 |
659,876 |
4,361,625 |
|||
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John T. Baily |
37,106,396 |
978,403 |
4,361,625 |
|||
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Calvin G. Butler, Jr. |
37,373,225 |
711,574 |
4,361,625 |
|||
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David B. Duclos |
37,419,036 |
665,763 |
4,361,625 |
|||
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Jordan W. Graham |
37,025,658 |
1,059,141 |
4,361,625 |
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F. Lynn McPheeters |
37,105,660 |
979,139 |
4,361,625 |
|||
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Jonathan E. Michael |
36,916,470 |
1,168,329 |
4,361,625 |
|||
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Robert P. Restrepo, Jr. |
37,229,957 |
854,842 |
4,361,625 |
|||
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James J. Scanlan |
37,421,939 |
662,860 |
4,361,625 |
|||
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Michael J. Stone |
36,944,225 |
1,140,574 |
4,361,625 |
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2. The proposal to approve an Amendment to the Companys Restated
Articles of Incorporation to allow for removal of Directors
without cause, was approved based upon the following votes:
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Broker |
|||
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For |
Against |
Abstentions |
Non-Votes |
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42,139,150 |
181,316 |
125,958 |
3. The proposal to approve an Amendment to the Companys Restated
Articles of Incorporation to conform the personal liability
provision to the Illinois Statute, was approved based upon the
following votes:
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Broker |
|||
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For |
Against |
Abstentions |
Non-Votes |
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41,606,953 |
727,852 |
111,619 |
4. The proposal to approve an Amendment to the Companys Restated
Articles of Incorporation to update director election and change
registered agent provisions, was approved based upon the
following votes:
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Broker |
|||
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For |
Against |
Abstentions |
Non-Votes |
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38,003,524 |
32,926 |
48,349 |
4,361,625 |
5. The proposal to approve, on a non-binding, advisory basis, the
compensation of the Companys named executive officers, as
described in the proxy materials, was approved based upon the
following votes:
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Broker |
|||
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For |
Against |
Abstentions |
Non-Votes |
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37,449,365 |
530,099 |
105,335 |
4,361,625 |
2
6. The proposal to ratify the selection of KPMG LLP as the
Companys independent registered public accounting firm for 2017
was approved based upon the following votes:
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Broker |
|||
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For |
Against |
Abstentions |
Non-Votes |
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40,981,465 |
1,404,580 |
60,379 |
Item 8.01 Other Events.
On May4, 2017, the Company announced that the Board approved a
quarterly dividend on its common stock of $0.21 per share. The
dividend is payable on June20, 2017, to shareholders of record
as of May31, 2017. 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
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5 |
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ExhibitNo. |
Description |
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99.1 |
Press Release dated May4, 2017 regarding dividend. |
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This Exhibitis furnished to Item 8.01 hereof and should |
3
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
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Pril |
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RLI CORP. |
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Date: May 4, 2017 |
By: |
/s/ Jeffrey D. Fick |
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Jeffrey D. Fick |
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Sr. Vice President, Chief Legal Officer |
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4
EXHIBITINDEX
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Pril |
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ExhibitNo. |
Exhibit |
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99.1 |
Press Release dated May4, 2017 regarding dividend. |
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This Exhibitis furnished |
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. RLI Corp. (NYSE:RLI) Recent Trading Information
RLI Corp. (NYSE:RLI) closed its last trading session up +0.12 at 56.71 with 110,644 shares trading hands.
