Shutterfly, Inc. (NASDAQ:SFLY) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.Submission of Matters to a Vote of Security Holders.
On May24, 2017, Shutterfly, Inc. (the Company) held its Annual
Meeting of Stockholders in Redwood City, California (Annual
Meeting). As of March27, 2017, the Companys record date, there
were a total of 34,157,241 shares of Common Stock outstanding and
entitled to vote at the Annual Meeting. Based on the final report
of the independent inspector of elections, 31,738,477 shares of
Common Stock were represented in person or by proxy at the Annual
Meeting and, therefore, a quorum was present. Five items of
business were acted upon by stockholders at the Annual Meeting.
On May25, 2017, the Company issued a press release announcing the
results of the Annual Meeting. A copy of the press release is
furnished as Exhibit 99.1 to this report.
Proposal 1 Election of Directors
Ms.Ann Mather, Mr.H. Tayloe Stansbury and Mr.BrianT. Swette were
elected to serve as Class II directors of the Companys Board of
Directors for three year terms and until their respective
successors shall be elected and qualified or until their earlier
resignation or removal.
Votes were cast as follows:
| FOR | WITHHELD | BROKERNON-VOTE | ||||
|
Ann Mather |
20,678,426 | 9,855,184 | 1,204,867 | |||
|
H. Tayloe Stansbury |
30,384,049 | 149,561 | 1,204,867 | |||
|
Brian T. Swette |
30,299,980 | 233,630 | 1,204,867 |
Proposal 2 Approval, on an advisory basis, of the
Compensation of our Named Executive Officers
Based on the non-binding votes set forth below, the compensation
of the Companys named executive officers was duly approved.
|
FOR |
AGAINST |
ABSTAIN |
BROKERNON-VOTE |
|||
| 16,253,278 | 14,205,355 | 74,977 | 1,204,867 |
Proposal 3 Recommendation, by non-binding vote, of the
frequency of compensation of our Named Executive
Officers
Based on the non-binding votes set forth below, the vote of every
one year received the largest number of votes.
|
1 YEAR |
2YEARS |
3YEARS |
ABSTAIN |
|||
| 29,999,198 | 14,295 | 518,563 | 1,554 |
Proposal 4 Amendment of the 2015 Equity Incentive
Plan
Based on the votes set forth below, the amendment of the Companys
2015 Equity Incentive Plan to increase the number of shares
available for issuance thereunder by 1,300,000 shares and
establish an annual limit on non-employee director aggregate cash
and equity compensation at $750,000 was duly approved.
|
FOR |
AGAINST |
ABSTAIN |
BROKERNON-VOTE |
|||
| 20,226,974 | 10,302,422 | 4,214 | 1,204,867 |
Proposal 5 Ratification of the Selection of the
Independent Registered Public Accounting Firm
The stockholders ratified the selection of PricewaterhouseCoopers
LLP as the Companys independent registered public accounting firm
for the year ending December31, 2017 by the following vote:
|
FOR |
AGAINST |
ABSTAIN |
BROKERNON-VOTE |
|||
| 31,645,854 | 91,430 | 1,193 | – |
Item9.01. Financial Statements and Exhibits.
(d) Exhibits
|
Number |
Description |
|
| 99.1 | Press Release dated May 25, 2017. |
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. Shutterfly, Inc. (NASDAQ:SFLY) Recent Trading Information
Shutterfly, Inc. (NASDAQ:SFLY) closed its last trading session down -0.27 at 50.49 with 327,064 shares trading hands.