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

ME Staff 8-k

8 years ago

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 4, 2017, RLI Corp. (the Company) held its annual meeting of shareholders (Annual Meeting).

(b)	At the Annual Meeting, the Companys shareholders voted on the following six 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	37,386,134		698,665	4,361,625
Barbara R. Allen	37,013,187		1,071,612	4,361,625
Michael E. Angelina	37,424,923		659,876	4,361,625
John T. Baily	37,106,396		978,403	4,361,625
Calvin G. Butler, Jr.	37,373,225		711,574	4,361,625
David B. Duclos	37,419,036		665,763	4,361,625
Jordan W. Graham	37,025,658		1,059,141	4,361,625
F. Lynn McPheeters	37,105,660		979,139	4,361,625
Jonathan E. Michael	36,916,470		1,168,329	4,361,625
Robert P. Restrepo, Jr.	37,229,957		854,842	4,361,625
James J. Scanlan	37,421,939		662,860	4,361,625
Michael J. Stone	36,944,225		1,140,574	4,361,625

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:


Broker
For	Against	Abstentions	Non-Votes
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:


Broker
For	Against	Abstentions	Non-Votes
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:


Broker
For	Against	Abstentions	Non-Votes
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:


Broker
For	Against	Abstentions	Non-Votes
37,449,365	530,099	105,335	4,361,625

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:


Broker
For	Against	Abstentions	Non-Votes
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

5
ExhibitNo.	Description
99.1	Press Release dated May4, 2017 regarding dividend.
This Exhibitis furnished to Item 8.01 hereof and should not be deemed to be filed under the Securities Exchange Act of 1934.

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.

Pril
RLI CORP.

Date: May 4, 2017	By:	/s/ Jeffrey D. Fick
Jeffrey D. Fick
Sr. Vice President, Chief Legal Officer

EXHIBITINDEX

Pril
ExhibitNo.	Exhibit

99.1	Press Release dated May4, 2017 regarding dividend.
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.