SEI INVESTMENTS COMPANY (NASDAQ:SEIC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
Submission of Matters to a Vote of Security Holders.
SEI INVESTMENTS COMPANY (NASDAQ:SEIC) Files An 8-K Submission of Matters to a Vote of Security Holders
At the Company’s annual meeting of shareholders held on May30, 2018, the following matters were submitted to the shareholders of the Company:
|
(1) |
The following nominees were elected as directors of the Company for terms expiring in the year 2021 and received the votes set forth opposite their names below: |
|
Name of Nominee |
For |
Against |
Abstain |
|
Carl A. Guarino |
96,015,314 |
39,431,050 |
47,992 |
|
Carmen V. Romeo |
98,116,494 |
37,330,994 |
46,868 |
There were a total of 9,278,522 broker non-votes for the election of directors.
Since the Board of Directors is divided into three classes with one class elected each year to hold office for a three-year term, the term of office for the following directors continued after the Annual Meeting: Alfred P. West, Jr., William M. Doran, Sarah W. Blumenstein and Kathryn M. McCarthy.
|
(2) |
A resolution to approve, on an advisory basis, the compensation of named executive officers, was approved by 96.6 percent of the votes cast based on the votes set forth below: |
|
For |
Against |
Abstain |
|
130,736,605 |
4,611,264 |
146,487 |
There were a total of 9,278,522 broker non-votes on this matter.
|
(3) |
The appointment of KPMG LLP as the independent registered public accountants to examine the Company's consolidated financial statements for 2018 was ratified by the following vote: |
|
For |
Against |
Abstain |
|
144,634,565 |
105,016 |
33,297 |
On May30, 2018, the Company issued a press release declaring a regular semi-annual dividend of $0.30 (thirty cents) per share. The cash dividend will be payable to shareholders of record on June14, 2018, with a payment date of June22, 2018. In addition, SEI's Board of Directors also approved an increase in its stock repurchase program by an additional $200 million, increasing the available authorization under the program to approximately $223 million.
A copy of the press release is furnished as Exhibit 99.1 and incorporated in this Item 5.07 by reference.
As provided in General Instruction B.2 to Form 8-K, the information furnished in Item 5.07, Item 5.07 and in Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section18 of the Securities and Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing with the Securities and Exchange Commission, except as shall be expressly provided by specific reference in such filing.
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Item 5.07. |
Financial Statements and Exhibits. |
|
99.1 |
Press Release of SEI Investments Company dated May30, 2018.
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SEI INVESTMENTS CO ExhibitEX-99.1 2 form8-k5x30x2018exhibit991.htm PRESS RELEASE Exhibit Exhibit 99.1Company Contact: Lindsey OpsahlSEI+1 610-676-4052lopsahl@seic.comPages: 1 FOR IMMEDIATE RELEASESEI Declares Dividend of $.30 Per Share and Announces Increase in Stock Repurchase ProgramOAKS,…To view the full exhibit click here
About SEI INVESTMENTS COMPANY (NASDAQ:SEIC)
SEI Investments Company (SEI) is a provider of investment processing, investment management and investment operations solutions. The Company enables corporations, financial institutions, financial advisors and ultra-high-net-worth families to create and manage wealth by providing investment and investment-business solutions. Its segments include Private Banks, Investment Advisors, Institutional Investors, Investment Managers and Investments in New Businesses. Its investment management business solutions include investment processing outsourcing solutions for providers of institutional and private-client wealth management services; investment management solutions for institutional investors, including retirement plan sponsors, not-for-profit organizations and individual investors, and investment operations outsourcing solutions for investment management firms, banks and investment companies that sponsor and distribute mutual funds, hedge funds and alternative investments.