Shutterfly, Inc. (NASDAQ:SFLY) 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 reported in the Original Form 8-K, in a non-binding advisory vote regarding the frequency of future stockholder advisory votes on executive compensation held at the 2017 Annual Meeting: 29,999,198 shares voted for one year, 14,295 shares voted for two years, 518,563 shares voted for three years and 1,554 shares abstained. On July 20, 2017, the Board of Directors of the Company (the “Board”) reviewed the outcome of this advisory vote and determined, as it recommended with respect to this proposal in the proxy statement for the 2017 Annual Meeting, that the Company will hold future votes regarding the compensation of named executive officers on an annual basis until the occurrence of the next advisory vote on the frequency of votes on the compensation of named executive officers. The next advisory vote regarding the frequency of votes on compensation of named executive officers is expected to occur at the Company’s 2023 Annual Meeting of Stockholders.
About Shutterfly, Inc. (NASDAQ:SFLY)
Shutterfly, Inc. is a manufacturer and digital retailer of personalized products and services offered through a family of lifestyle brands. The Company offers a range of personalized photo-based products and services. The Company’s segments include Consumer, Enterprise and corporate. The Consumer segment sells the Company’s photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and also ships, as well as rents the BorrowLenses brand of products. The Enterprise segment is engaged in printing and shipping of direct marketing and other variable data print products and formats. The Company’s products and services are offered through a family of lifestyle brands, including Shutterfly, Tiny Prints, Wedding Paper Divas, ThisLife, MyPublisher and BorrowLenses. The Shutterfly brand includes photo books, announcements, as well as custom home decor products and photo gifts. The Shutterfly brand also includes online photo service.