STEPAN COMPANY (NYSE:SCL) Files An 8-K Submission of Matters to a Vote of Security Holders

STEPAN COMPANY (NYSE:SCL) 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

Story continues below

Stepan Company (“Stepan”) held its Annual Meeting of Stockholders on April 24, 2018 (the “Annual Meeting”). At the Annual Meeting, there were 19,938,153 shares of Stepan’s common stock represented to vote either in person or by proxy, which represented a quorum. Stockholders voted on the following matters at the Annual Meeting: (i)election of three nominees to serve as directors until the annual meeting of stockholders to be held in 2021; (ii)an advisory resolution on the compensation of Stepan’s named executive officers; and (iii)ratification of the appointment of Deloitte & Touche LLP (“Deloitte”) as Stepan’s independent registered public accounting firm for fiscal year 2018.

Set forth below are the matters acted upon at the Annual Meeting and final voting results on each such matter as reported by Stepan’s inspector of elections.

Proposal 1:Election of Directors

NAME

FOR

AGAINST

ABSTAIN

BROKER NON-VOTES

Randall S. Dearth

17,267,694

410,524

10,614

2,249,321

Gregory E. Lawton

17,261,620

416,061

11,151

2,249,321

Jan Stern Reed

17,278,423

398,696

11,713

2,249,321

Proposal 2:Advisory Resolution on the Compensation of Stepan’s Named Executive Officers

FOR

AGAINST

ABSTAIN

BROKER NON-VOTES

17,158,218

503,922

26,692

2,249,321

Proposal 3: Ratification of Appointment of Deloitte as Stepan’s Independent Registered Public Accounting Firm for Fiscal Year 2018

FOR

AGAINST

ABSTAIN

BROKER NON-VOTES

19,708,067

216,275

13,811


About STEPAN COMPANY (NYSE:SCL)

Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The Company has three segments: Surfactants, Polymers and Specialty Products. The Company’s Surfactants segment offers products, which are principal ingredients in consumer and industrial cleaning products, such as detergents for washing clothes, dishes, carpets, floors and walls, as well as shampoos and body washes. The Company’s Polymers segment includes polyurethane polyols, polyester resins and phthalic anhydride. The Company’s Specialty Products segment includes flavors, emulsifiers and solubilizers used in food, flavoring, nutritional supplement and pharmaceutical applications. Its markets include manufacturers of cleaning and washing compounds, paints, cosmetics, food, beverages, nutritional supplements, agricultural products, plastics, furniture, automotive equipment, insulation and refrigeration.

An ad to help with our costs