SANDERSON FARMS, INC. (NASDAQ:SAFM) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07 Submission of Matters to a Vote of Security Holders.
Sanderson Farms, Inc. (the Registrant) held its annual meeting of
stockholders on February9, 2017. At the meeting, the stockholders
were requested to: (1)elect four ClassA Directors to serve until
the 2020 annual meeting; (2)approve, in a non-binding advisory
vote, the compensation of the Registrants Named Executive
Officers; (3)consider and act upon a proposal to ratify and
approve the selection of Ernst Young LLP as the Registrants
independent auditors for the fiscal year ending October31, 2017;
and (4)consider and act upon a stockholder proposal to request
that the Registrant adopt a policy to phase out the use of
medically important antibiotics for growth promotion and disease
prevention in its operations.
The following are the final voting results on proposals
considered and voted upon at the meeting, each of which is more
fully described in the Registrants proxy statement filed on
January12, 2017:
| 1. |
The stockholders voted to re-elect the following ClassA directors for a three-year term by the votes set forth below: |
| Name | For | Withheld | Broker Non-Votes | |||
|
Lampkin Butts |
18,248,077 | 343,189 | 1,844,842 | |||
|
Beverly Hogan |
18,270,554 | 320,712 | 1,844,842 | |||
|
Phil K. Livingston |
17,980,108 | 611,158 | 1,844,842 | |||
|
Joe F. Sanderson, Jr. |
17,981,643 | 609,623 | 1,844,842 |
| 2. |
The stockholders voted to approve, in a non-binding advisory vote to Section14A of the Securities Exchange Act of 1934, as amended (the Exchange Act), the compensation of the Registrants Named Executive Officers, as disclosed to Item402 of Securities and Exchange Commission Regulation S-K, including the Compensation Discussion and Analysis, the compensation tables and narrative disclosures, in the Registrants definitive proxy statement filed January12, 2017, by the votes set forth below: |
| For | Against | Abstain | Broker Non-Votes | |||
|
18,284,979 |
271,889 | 34,397 | 1,844,842 |
| 3. |
The stockholders voted to ratify and approve the selection of Ernst Young LLP as the Registrants independent auditors for the fiscal year ending October31, 2017, by the votes set forth below: |
| For | Against | Abstain | Broker Non-Votes | |||
|
20,354,885 |
55,468 | 25,755 |
| 4. |
The stockholder proposal to request that the Registrant adopt a policy to phase out the use of medically important antibiotics for growth promotion and disease prevention in its operations was not approved. The voting results were as follows: |
| For | Against | Abstain | Broker Non-Votes | |||
|
5,705,366 |
12,391,780 | 494,119 | 1,844,842 |
About SANDERSON FARMS, INC. (NASDAQ:SAFM)
Sanderson Farms, Inc. is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets. The Company, through its subsidiaries, Sanderson Farms, Inc. (Production Division) and Sanderson Farms, Inc. (Processing Division), conducts its chicken operations. Sanderson Farms, Inc. (Production Division) is engaged in the production of chickens to the broiler-stage. Sanderson Farms, Inc. (Foods Division) is engaged in the processing, sale and distribution of chickens. The Company, through Sanderson Farms, Inc. (Foods Division), conducts its prepared chicken business. SANDERSON FARMS, INC. (NASDAQ:SAFM) Recent Trading Information
SANDERSON FARMS, INC. (NASDAQ:SAFM) closed its last trading session up +0.42 at 92.50 with 268,118 shares trading hands.
