SYNALLOY CORPORATION (NASDAQ:SYNL) Files An 8-K Submission of Matters to a Vote of Security HoldersITEM 5.07.
Submission of Matters to a Vote of Security Holders
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A. |
The Annual Meeting of Shareholders was held virtually at 10:00 a.m., Eastern Time, on May 17, 2018, to due notice. At this meeting, the Company’s shareholders approved the following: the election of seven directors; the advisory vote on the compensation of named executives; the advisory vote on the frequency of future say-on-pay votes; the increase of common stock issuable under the the Company's 2015 Stock Award Plan; and the ratification of the appointment of KPMG, LLP as the Company’s independent registered public accounting firm. |
Proposal #1: Election of Directors – The following individuals were elected as directors at the Annual Meeting:
| Name | Votes For | Votes Withheld |
| Craig C. Bram | 6,030,764 | 335,317 |
| Anthony A. Callander | 6,030,095 | 335,986 |
| Susan S. Gayner | 6,029,906 | 336,175 |
| Henry L. Guy | 6,033,528 | 332,553 |
| Amy J. Michtich | 6,029,576 | 336,505 |
| James W. Terry, Jr. | 6,033,828 | 332,253 |
| Murray H. Wright | 6,031,328 | 334,753 |
Proposal #2: Advisory Vote – Compensation of Named Executive Officers was approved by the following vote:
| For | Against | Abstain |
| 5,997,280 | 298,542 | 70,259 |
Proposal #3: Advisory Vote – Frequency of future say-on-pay votes:
| 1 Year | 2 Years | 3 Years | Abstain |
| 5,900,226 | 13,042 | 400,613 | 52,200 |
Proposal #4: The increase of common stock issuable under the Company's 2015 Stock Award Plan was approved by the following vote:
| For | Against | Abstain |
| 5,833,714 | 492,061 | 40,306 |
Proposal #5: The appointment of KPMG, LLP as the Company's Independent Public Accountants was ratified by the following vote:
| For | Against | Abstain |
| 7,984,166 | 33,051 | 9,874 |
About SYNALLOY CORPORATION (NASDAQ:SYNL)
Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc., which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc. (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc. (Specialty), located in Mineral Ridge, Ohio and Houston, Texas. The Company’s Metals Segment manufactures stainless steel, other alloy pipe, storage solutions and separation equipment. The Company’s Specialty Chemicals segment consists of the Company’s subsidiary, Manufacturers Soap and Chemical Company (MS&C). The Specialty Chemicals Segment manufactures lubricants, surfactants, reaction intermediaries, sulfated fats and oils, and chemical tolling manufacturing resources.
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