SBA Communications Corporation (NASDAQ:SBAC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
On May17, 2018, SBA Communications Corporation (the “Company”) held its 2018 Annual Meeting of Shareholders. At the 2018 Annual Meeting of Shareholders, the shareholders voted on (i)the election of three director nominees (Proposal 1), (ii) the ratification of the appointment of Ernst& Young LLP as the Company’s independent registered public accounting firm for the 2018 fiscal year (Proposal 2), (iii) the approval, on an advisory basis, of the compensation of the Company’s named executive officers (Proposal 3) and (iv)the approval of the Company’s 2018 Employee Stock Purchase Plan (Proposal 4). The results of the votes are set forth below.
Proposal 1
The shareholders voted in favor of the election of the following director nominees as ClassI directors for a term of office expiring at the 2021 Annual Meeting of Shareholders and, in each case, until his or her successor is duly elected and qualified.
|
For |
Against |
Abstain |
BrokerNon-Vote |
|
|
Brian C. Carr |
100,486,196 | 2,785,905 | 32,298 | 3,102,612 |
|
Mary S. Chan |
100,963,262 | 2,309,472 | 31,665 | 3,102,612 |
|
George R. Krouse, Jr. |
98,167,061 | 3,883,014 | 1,254,324 | 3,102,612 |
Proposal 2
The shareholders approved the ratification of the appointment of Ernst& Young LLP as the Company’s independent registered public accounting firm for the 2018 fiscal year.
|
For |
Against |
Abstain |
BrokerNon-Vote |
|
105,149,682 |
1,212,062 | 45,267 | — |
Proposal 3
The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers.
|
For |
Against |
Abstain |
BrokerNon-Vote |
|
99,805,759 |
3,433,984 | 64,656 | 3,102,612 |
Proposal 4
The shareholders approved the Company’s 2018 Employee Stock Purchase Plan.
|
For |
Against |
Abstain |
BrokerNon-Vote |
|
103,059,442 |
231,958 | 12,999 | 3,102,612 |
About SBA Communications Corporation (NASDAQ:SBAC)
SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing. The Company’s primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manages rooftop and tower sites for property owners under various contractual arrangements. The Company owns approximately 25,460 towers. It also manages or leases approximately 5,500 actual or potential towers. The Company’s other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks.
