SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (NYSE:SWM) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders
As previously disclosed in the original Form 8-K, in a non-binding advisory vote on the frequency of future say on pay votes held at the 2017 Annual Meeting, a majority of shares voted for an annual say on pay vote. In accordance with the results of the shareholder vote on the frequency of the say on pay vote, the Company will hold future say on pay votes every year until the next advisory vote on the frequency of say on pay votes, which is expected to be held no later than its 2023 Annual Meeting of Shareholders.
About SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (NYSE:SWM)
Schweitzer-Mauduit International, Inc. is a producer of specialty papers and resin-based products. The Company manufactures and sells lightweight specialty papers, which are used in manufacturing ventilated cigarettes, reconstituted tobacco used in producing blended cigarettes and banded papers used in the production of lower ignition propensity (LIP) cigarettes. The Company operates through two segments: Engineered Papers, and Advanced Materials and Structures. Its Engineered Papers segment produces both tobacco-related papers and non-tobacco-related papers. The Company’s tobacco-related papers include various porous papers used to wrap parts of a cigarette, such as tobacco column and filter, and reconstituted tobacco leaf (RTL), which is blended with virgin tobacco in a cigarette. It manufactures and sells a range of engineered resin-based, rolled goods, such as films, nets, foams and other non-wovens. The Company operates approximately 20 production locations.