Seaboard Corporation (NYSEMKT:SEB) 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
Seaboard Corporation held its annual meeting of stockholders on
April 24, 2017 in Waltham, Massachusetts.Five items were
submitted to a vote as described in Seaboards Proxy Statement
dated March 10, 2017.The following table briefly describes the
proposals and results of the stockholders vote.
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Votes in Favor |
Votes Withheld |
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1. Election of the following persons as directors: |
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Steven J. Bresky |
1,046,406 | 79,378 |
|
David A. Adamsen |
1,118,752 | 7,032 |
|
Douglas W. Baena |
1,122,914 | 2,870 |
|
Edward I. Shifman, Jr. |
1,119,866 | 5,918 |
|
Paul M. Squires |
1,045,858 | 79,926 |
|
Votes in Favor |
Votes Against |
Votes Abstaining |
|
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2. Proposal that the stockholders of Seaboard Corporation |
1,119,950 | 4,758 | 1,076 |
|
approve, on an advisory basis, the compensation of |
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Seaboards Named Executive Officers, including the |
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disclosure in the Compensation Discussion and Analysis |
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section, the tabular disclosure regarding such |
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and the accompanying narrative disclosures set forth in |
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proxy statement. |
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Choice 1 |
Choice 2 |
Choice 3 |
Votes Abstaining |
|
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3. Proposal that the stockholders of Seaboard Corporation |
142,496 | 395 | 982,251 | 642 |
|
determine, on an advisory basis, that the frequency of |
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stockholder advisory votes on the compensation of |
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Seaboard Corporations Named Executive Officers be: |
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Choice 1 every year; |
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Choice 2 every two years; or |
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Choice 3 every three years. |
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Votes in Favor |
Votes Against |
Votes Abstaining |
|
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4. Proposal that the stockholders of Seaboard Corporation |
1,120,540 | 4,417 | 827 |
|
approve the adoption of the Seaboard Corporation |
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Executive Incentive Plan. |
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Votes in Favor |
Votes Against |
Votes Abstaining |
|
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5. Ratification and approval of the selection of KPMG LLP |
1,155,573 | 1,202 | 1,620 |
|
as independent auditors for 2017. |
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There were 32,611 broker non-votes each with respect to the
election of directors and the stockholder proposals requesting
approval of Named Executive Officer compensation approval, the
frequency of stockholder advisory votes on compensation and
adoption of the Executive Incentive Plan. There were 0 broker
non-votes with respect to the selection of independent auditors.
2
About Seaboard Corporation (NYSEMKT:SEB)
Seaboard Corporation is an agribusiness and transportation company. The Company is primarily engaged in pork production and processing, and ocean transportation. Its divisions include Pork, Commodity Trading and Milling, Marine, Sugar, Power, Turkey and Other. Overseas, the Company is primarily engaged in commodity merchandising, grain processing, sugar production and electric power generation. The Company produces and sells frozen pork products to further processors, food service operators, grocery stores, distributors and retail outlets throughout the United States. It markets wheat, corn, soybean meal and other commodities in bulk to third parties and affiliated companies. As of December 31, 2016, its third-party agents provided cargo shipping services to 26 countries between the United States, the Caribbean Basin, and Central and South America. It sells power on the market accessed by government-owned distribution companies or partially government-owned generation companies. Seaboard Corporation (NYSEMKT:SEB) Recent Trading Information
Seaboard Corporation (NYSEMKT:SEB) closed its last trading session down -2.20 at 4,317.60 with 343 shares trading hands.