SPX CORPORATION (NYSE:SPXC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
Submission of Matters to a Vote of Security Holders.
At the SPX Corporation (the “Company”) 2018 Annual Meeting of Stockholders (the “Annual Meeting”) held on May15, 2018, the proposals listed below were submitted to a vote of the stockholders through the solicitation of proxies. The proposals are described in the Company’s proxy statement. The voting results for each proposal are set forth below.
As of the record date for the Annual Meeting, there were 42,954,374 shares of common stock outstanding and entitled to vote on each matter presented at the Annual Meeting. At the Annual Meeting, 39,651,828 shares of common stock, or approximately 92% of the outstanding common stock entitled to vote, were represented in person or by proxy.
Proposal1: The Company’s stockholders elected the following nominees named in the Company’s proxy statement to serve as directors until the 2021 Annual Meeting of Stockholders or until a successor is duly elected and qualified. The results of the vote were as follows:
Director |
For |
Against |
Abstain |
Broker Non-Votes |
RuthG. Shaw |
36,172,040 |
318,984 |
91,702 |
3,069,102 |
RobertB. Toth |
36,329,782 |
189,042 |
63,902 |
3,069,102 |
Proposal2: The Company’s stockholders approved the Company’s named executive officers’ compensation, on a non-binding advisory basis. The results of the vote were as follows:
For |
Against |
Abstain |
Broker Non-Votes |
35,379,933 |
975,621 |
227,172 |
3,069,102 |
Proposal3: The Company’s stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2018. The results of the vote were as follows:
For |
Against |
Abstain |
Broker Non-Votes |
38,945,292 |
372,184 |
334,352 |
About SPX CORPORATION (NYSE:SPXC)
SPX Corporation is a diversified, global supplier of infrastructure equipment. The Company operates through three segments: heating, ventilation and air conditioning (HVAC); Detection and Measurement, and Power. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products. Its detection and measurement product lines encompass underground pipe and cable locators, and inspection equipment. Within its power platform, it is a manufacturer of medium and large power transformers, as well as equipment for various types of power plant, including cooling equipment, heat exchangers and pollution control systems. Its heating and ventilation products are sold under the Berko, Qmark, Farenheat, and Leading Edge brands, while its Marley-Wylain subsidiary sells Weil-McLain and Williamson-Thermoflo brands. Its power products are sold under the brand names of SPX Cooling, Marley, Balcke Duerr, Yuba and Ecolaire.