Sotheby’s (NYSE:BID) Files An 8-K Submission of Matters to a Vote of Security Holders

Sotheby’s (NYSE:BID) 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.

Sothebys (the “Company”) held its 2017 Annual Meeting of the
Stockholders on May 12, 2017 (the Meeting). The number of shares of
common stock present at the Meeting was 40,511,311, or 75.85%, of
the shares of common stock outstanding on March 17, 2017, the
record date for the Meeting. At the Meeting, the following items
were submitted to a vote of stockholders:
(1) Election of Directors. All nominees were elected to the
following votes:
Number of Votes*
Director
FOR
WITHHELD
ABSTAIN
Jessica M. Bibliowicz
36,889,729
200,687
19,447
Linus W. L. Cheung
37,046,607
44,081
19,175
Kevin C. Conroy
36,903,865
186,751
19,247
Domenico De Sole
37,021,904
59,315
28,644
The Duke of Devonshire
36,957,031
132,311
20,521
Daniel S. Loeb
36,944,182
145,502
20,179
Olivier Reza
36,962,309
128,061
19,493
Marsha E. Simms
37,056,693
33,678
19,492
Thomas S. Smith, Jr.
37,038,906
51,289
19,668
Diana L. Taylor
36,880,520
208,883
20,460
Dennis M. Weibling
36,732,249
348,974
28,640
Harry J. Wilson
36,835,041
246,057
28,765
________
* Does not include 3,401,448 broker non-votes.
(2) Advisory Proposal on executive compensation. The matter was
approved with the following vote:
Number of votes FOR
36,385,714
Number of votes AGAINST
700,918
Number of votes ABSTAINING
23,231
Number of votes BROKER NON-VOTES
3,401,448
(3) Advisory proposal on frequency of the executive compensation
proposal. The matter was approved with the following vote:
Number of votes for ONE YEAR
32,489,637
Number of votes for TWO YEARS
98,338
Number of votes for THREE YEARS
4,500,742
Number of votes ABSTAINING
21,146
Number of votes BROKER NON-VOTES
3,401,448
Based on these results, and consistent with the Board of
Directors’ recommendation in the proxy statement, the Board has
determined to hold an advisory vote on executive compensation
annually.
(4) Ratification of appointment of Deloitte Touche LLP as the
Company’s independent public accounting firm for 2017. The matter
was approved with the following vote:
Number of votes FOR
39,810,946
Number of votes AGAINST
666,592
Number of votes ABSTAINING
33,773


About Sotheby’s (NYSE:BID)

Sotheby’s is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby’s Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong. The Company operates through two segments: Agency and Finance. The Agency segment matches buyers and sellers of authenticated fine art, decorative art, jewelry, wine and collectibles (collectively, art or works of art or artwork or property) through the auction or private sale process. The Finance segment is engaged in art-related financing activities by making loans that are secured by works of art. The Company’s advisory services are classified within All Other segment.

Sotheby’s (NYSE:BID) Recent Trading Information

Sotheby’s (NYSE:BID) closed its last trading session up +0.55 at 50.00 with 824,917 shares trading hands.

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