SUPERVALU INC. (NYSE:SVU) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
On August 16, 2018, SUPERVALU INC. (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders voted on the following proposals set forth in the 2018 Proxy Statement. As of June 25, 2018, the record date for the Annual Meeting, there were 38,623,859 shares of the Company’s common stock outstanding and entitled to vote.
|
(1) |
A proposal to elect nine directors to the Company’s Board of Directors to each serve a one-year term. Each director nominee was elected to the Board of Directors and received the following votes: |
|
Director |
For |
Withhold |
BrokerNon-Votes |
|
Donald R. Chappel |
24,057,734 |
2,113,113 |
2,770,722 |
|
Irwin S. Cohen |
23,164,671 |
3,006,176 |
2,770,722 |
|
Philip L. Francis |
23,904,353 |
2,266,495 |
2,770,722 |
|
Mark Gross |
25,861,243 |
309,604 |
2,770,722 |
|
Eric G. Johnson |
25,841,311 |
329,536 |
2,770,722 |
|
Mathew M. Pendo |
25,850,150 |
320,697 |
2,770,722 |
|
Francesca Ruiz de Luzuriaga |
25,836,688 |
334,159 |
2,770,722 |
|
Frank A. Savage |
24,043,914 |
2,126,933 |
2,770,722 |
|
Mary A. Winston |
23,635,777 |
2,535,071 |
2,770,722 |
|
(2) |
A proposal to adopt the Agreement and Plan of Merger, dated as of June 7, 2018, by and among SUPERVALU INC., SUPERVALU Enterprises, Inc. and SUPERVALU Merger Sub, Inc., in connection with the reorganization of our corporate structure into a holding company structure. The proposal was approved and received the following votes: |
|
For |
Against |
Abstain |
BrokerNon-Votes |
|
27,372,219 |
188,944 |
349,324 |
1,031,082 |
|
(3) |
A proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 23, 2019. The proposal was approved and received the following votes: |
|
For |
Against |
Abstain |
|
26,386,308 |
2,403,893 |
151,367 |
|
(4) |
A proposal to approve, by non-binding vote, the compensation of the Company’s named executive officers as disclosed in the 2018 Proxy Statement. The proposal was approved and received the following votes: |
|
For |
Against |
Abstain |
BrokerNon-Votes |
|
20,269,329 |
7,176,920 |
464,238 |
1,031,082 |
About SUPERVALU INC. (NYSE:SVU)
Supervalu Inc. is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers. The Company’s Wholesale segment provides wholesale distribution of products to independent retail customers. Wholesale is organized and operated through two geographic regions: East and West. As of February 27, 2016, the Company conducted its Retail operations through a total of 200 stores primarily organized under five regionally-based retail banners of Cub Foods, Shoppers Food & Pharmacy, Shop ‘n Save, Farm Fresh and Hornbacher’s, as well as two Rainbow and two County Market stores.
