SYNUTRA INTERNATIONAL, INC. (NASDAQ:SYUT) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
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Submission of Matters to a Vote of Security Holders |
Annual Meeting of Stockholders
An annual meeting (Annual Meeting) of the stockholders of Synutra
International, Inc., a Delaware corporation (the Company), was
held on March 17, 2017. The Company filed its definitive proxy
statement in connection with the Annual Meeting with the U.S.
Securities and Exchange Commission on January 20, 2017. The
Companys stockholders considered the following proposals at the
Annual Meeting:
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Proposal I: a proposal to elect each of Lei Lin and Yalin Wu to the Companys Board of Directors to serve as Class III directors; |
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Proposal II: a proposal to approve on an advisory basis the Companys executive compensation; |
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Proposal III: a proposal to approve on an advisory basis the frequency of future advisory votes on the Companys executive compensation; and |
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Proposal IV: a proposal to ratify the appointment of Deloitte Touche Tohmatsu, Certified Public Accountants LLP, as the Companys independent registered public accounting firm for the fiscal year ending March 31, 2017. |
Voting Results
Proposal I: the election of Class III directors was approved as
follows:
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Lei Lin has been elected with 37,791,633FOR votes and 2,980,535 WITHHELD votes; and |
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Yalin Wu has been elected with 40,456,980 FOR votes and 315,188 WITHHELD votes. |
Proposal II: the Companys executive compensation was approved on
an advisory basis with 40,424,876 FOR votes, 47,188 AGAINST votes
and 300,104 ABSTAIN votes.
Proposal III: three years was favored by the stockholders as the
frequency of holding an advisory vote on the Companys executive
compensation with 3,341,990 EVERY YEAR votes, 20,191 EVERY TWO
YEARS votes, 37,129,893 EVERY THREE YEARS votes and 280,094
ABSTAIN votes.
Proposal IV: ratification of Deloitte Touche Tohmatsu, Certified
Public Accountants LLP, as the Companys independent registered
public accounting firm for the fiscal year ending March 31, 2017,
was approved with 45,957,469 FOR votes, 52,251 AGAINST votes and
237,379 ABSTAIN votes.
About SYNUTRA INTERNATIONAL, INC. (NASDAQ:SYUT)
Synutra International, Inc. is an infant formula company in China. The Company is engaged in the production, distribution and sale of dairy-based nutritional products under the Shengyuan or Synutra line of brands. The Company operates through three segments: Nutritional Food, which includes the sale of powdered infant and adult formula products, with brands, including Super, My Angel and Dutch Cow, as well as the sale of prepared foods under the brand of Huiliduo; Nutritional Supplement, which includes the production and sale of nutritional supplements, such as chondroitin sulfate to third-parties and microencapsulated Docosahexanoic Acid and Arachidonic Acid to the nutritional food segment for use in powdered formula production, and Other Business, which includes non-core businesses, such as ancillary sales of excess or unusable ingredients and materials to industrial customers; provision of genetic diagnostic services for new born babies, and sales of cosmetics to pregnant women. SYNUTRA INTERNATIONAL, INC. (NASDAQ:SYUT) Recent Trading Information
SYNUTRA INTERNATIONAL, INC. (NASDAQ:SYUT) closed its last trading session 00.00 at 5.95 with 291,726 shares trading hands.
