SPANISH BROADCASTING SYSTEM, INC. (NASDAQ:SBSA) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders
On June 15, 2017, Spanish Broadcasting System, Inc. (the
“Company”) held its Annual Meeting of Stockholders (“Annual
Meeting”). The stockholders considered and voted on one proposal
submitted for stockholder vote, which is described in detail in
the Company’s 2017 Proxy Statement. There were 4,166,991 shares
of Class A common stock, 2,340,353 shares of Class B common
stock, and 380,000 shares of Series C preferred stock outstanding
and entitled to vote at the meeting. Stockholders are entitled to
one vote for each share of Class A common stock, ten votes for
each share of Class B common stock, and two votes for each share
of Series C preferred stock they hold. The following is a brief
description of the matter voted on at the Annual Meeting and the
final results of such voting:
Proposal.Election of Directors
Common Stock Directors
The six Common Stock Directors were elected at the Annual Meeting
to hold office until such time as their respective successors
have been duly elected and qualified based upon the following
votes:
|
Nominee Common Stock Directors |
Votes For |
Votes Against / Withheld |
|
Ral Alarcn |
24,665,904 |
624,257 |
|
Joseph A. Garca |
24,947,275 |
342,886 |
|
Manuel E. Machado |
25,161,239 |
128,922 |
|
Jason L. Shrinsky |
25,164,780 |
125,381 |
|
Jos A. Villamil |
25,161,159 |
129,002 |
|
Mitchell A. Yelen |
25,146,911 |
143,250 |
Preferred Stock Directors
Alan Miller and Gary Stone, the two directors elected by the
holders of the Series B Preferred Stock at the 2014 annual
meeting, were not subject to election at this years annual
meeting and continue to serve as directors.
About SPANISH BROADCASTING SYSTEM, INC. (NASDAQ:SBSA)
Spanish Broadcasting System, Inc. (SBS) is a Spanish-language media and entertainment company with radio and/or television stations in the United States Hispanic markets, including Puerto Rico. The Company operates in two segments: radio and television. The Company owns and operates radio stations in approximately six Hispanic markets in the United States: Los Angeles, New York, Puerto Rico, Chicago, Miami and San Francisco. Its television stations and related affiliates operate under the MegaTV brand. It produces and distributes original Spanish-language content, including radio programs, television shows, music and live entertainment through its multi-media platforms. It also maintains multiple bilingual Websites, including www.lamusica.com, Mega.tv and various station Websites that provide content related to Latin music, entertainment, news and culture, as well as the LaMusica mobile application. LaMusica also streams its stations’ content.