SEMGROUP CORPORATION (NYSE:SEMG) Files An 8-K Submission of Matters to a Vote of Security Holders

SEMGROUP CORPORATION (NYSE:SEMG) Files An 8-K Submission of Matters to a Vote of Security Holders

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Item 5.07. Submission of Matters to a Vote of Security Holders.

A total of 66,237,006 shares of the Companys Class A common stock
were entitled to vote as of March 30, 2017, the record date for
the 2017 Annual Meeting. There were 63,248,509 shares present, in
person or by proxy, at the 2017 Annual Meeting (or 95.5% of the
outstanding shares), at which the stockholders were asked to vote
on five proposals. Set forth below are the matters acted upon by
the stockholders at the 2017 Annual Meeting, and the final voting
results of each such proposal.
Proposal 1 Election of Directors
The stockholders voted to elect seven directors to serve for a
one-year term expiring at the annual meeting of stockholders in
2018 and until their successors are duly elected and qualified.
The results of the vote were as follows:
For
Withheld
Broker Non-Votes
Ronald A. Ballschmiede
56,424,337
3,717,799
3,106,373
Sarah M. Barpoulis
59,169,162
972,974
3,106,373
Carlin G. Conner
59,169,134
973,002
3,106,373
Karl F. Kurz
58,549,358
1,592,778
3,106,373
James H. Lytal
59,057,485
1,084,651
3,106,373
William J. McAdam
58,719,395
1,422,741
3,106,373
Thomas R. McDaniel
56,407,238
3,734,898
3,106,373
Proposal 2 Advisory Vote on
Executive Compensation
The stockholders voted to approve, on an advisory and non-binding
basis, named executive officer compensation. The results of the
vote were as follows:
For
Against
Abstain
Broker Non-Votes
58,567,529
1,561,175
13,432
3,106,373
Proposal 3 Advisory Vote on the Frequency of a Future Advisory
Vote on Executive Compensation
The stockholders expressed a preference for the option of once
every year as the preferred frequency for the holding of future
advisory votes on compensation of named executive officers. The
results of the vote were as follows:
1 Year
2 Years
3 Years
Abstain
Broker Non-Votes
48,239,087
5,680,444
6,208,366
14,239
3,106,373
Proposal 4 Ratification of Appointment of
Independent Registered Public Accounting Firm
The stockholders voted to ratify the appointment of Grant
Thornton LLP as the Companys independent registered public
accounting firm for 2017. The results of the vote were as
follows:
For
Against
Abstain
Broker Non-Votes
63,215,404
15,727
17,378
-0-
Proposal 5 Approval of an Amendment to the Companys Amended and
Restated Certificate of Incorporation to Authorize 4,000,000
Shares of Preferred Stock
The stockholders voted to approve an amendment to the Companys
Amended and Restated Certificate of Incorporation to authorize
4,000,000 shares of preferred stock:
For
Against
Abstain
Broker Non-Votes
49,359,037
10,769,110
13,989
3,106,373
Disclosure Regarding Frequency of Stockholder Advisory Vote on
Executive Compensation
The Board of Directors of the Company recommended that the
stockholders vote to conduct future advisory votes on executive
compensation every year. In light of the voting results and the
Boards recommendation, the Company has decided that it will
include a stockholder advisory vote on named executive officer
compensation in its proxy materials every year until the next
required vote on the frequency of stockholder votes on named
executive officer compensation.


About SEMGROUP CORPORATION (NYSE:SEMG)

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemLogistics, which owns an independent petroleum products storage facility in the United Kingdom; SemCAMS, which owns and operates over four natural gas processing and gathering facilities in Alberta, Canada; SemMexico, which provides a range of liquid asphalt cement products and product application services to the Mexican market; SemGas, which provides natural gas gathering and processing services, and SemStream, which owns interest in NGL Energy Partners LP and NGL Energy Holdings LLC.

SEMGROUP CORPORATION (NYSE:SEMG) Recent Trading Information

SEMGROUP CORPORATION (NYSE:SEMG) closed its last trading session down -0.30 at 32.10 with 394,200 shares trading hands.

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