TEXAS ROADHOUSE,INC. (NASDAQ:TXRH) 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
On May18, 2017, the Company held its Annual Meeting of
Shareholders. The matters voted on by shareholders and the voting
results are as follows:
A. Election of directors. The nominee for the
Companys Board of Directors was elected as follows:
Name |
|
For |
|
Withheld |
|
Abstain |
|
BrokerNon-Votes |
|
James R. Zarley |
55,732,337 |
1,018,046 |
|
9,022,639 |
B. Ratification of the audit committees selection of KPMG
LLP as the Companys independent auditors for the fiscal year
2017. The selection of KPMG LLP was ratified as follows:
For |
|
Against |
|
Abstain |
|
BrokerNon-Votes |
|
65,425,786 |
247,215 |
100,011 |
|
C. Advisory Vote on Executive Compensation. The
compensation of the named executive officers was approved, on an
advisory basis, as follows:
For |
|
Against |
|
Abstain |
|
BrokerNon-Votes |
|
47,169,037 |
9,260,839 |
320,507 |
9,022,639 |
D. Advisory Vote on Frequency of Advisory Vote on
Compensation. 1 year was chosen, on an advisory basis,
as the preferred frequency that the Company would provide
shareholders with an advisory vote on the compensation of the
Companys named executive officers.
1Year |
|
2Years |
|
3Years |
|
Abstain |
|
BrokerNon-Votes |
|
49,237,271 |
34,706 |
7,363,165 |
115,241 |
9,022,639 |
A majority of the votes cast by shareholders voted, on an
advisory basis, to approve the recommendation of the Companys
Board of Directors to hold an advisory vote to approve executive
compensation every year. In line with this recommendation by our
shareholders, the Company has determined that it will include an
advisory shareholder vote on executive compensation in its proxy
materials annually until the next required advisory vote on the
frequency of shareholder votes on executive compensation.
E. Advisory Vote on the Issuance of a Sustainability
Report. A majority of shareholders voted against the
shareholder proposal, as follows:
For |
|
Against |
|
Abstain |
|
BrokerNon-Votes |
|
15,970,415 |
40,020,417 |
759,551 |
9,022,639 |
ITEM 8.01. OTHER EVENTS
On May19, 2017, the Company announced its second quarter 2017
cash dividend. The public announcement was made by means of a
news release, the text of which is set forth at Exhibit99.1
hereto.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) EXHIBITS
99.1 Press Release dated May19, 2017.
About TEXAS ROADHOUSE, INC. (NASDAQ:TXRH)
Texas Roadhouse, Inc. is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes. The Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. The Company offers an assortment of wings, sandwiches, pizzas and burgers, including its bacon grind patty. In addition, the Company also offers its guests a selection of chicken, beef, fish and seafood. Other menu items include specialty appetizers, such as the Cactus Blossom and Rattlesnake Bites. As of December 27, 2016, the Company had 23 franchisees that operated 86 Texas Roadhouse restaurants in 23 states and six foreign countries. TEXAS ROADHOUSE, INC. (NASDAQ:TXRH) Recent Trading Information
TEXAS ROADHOUSE, INC. (NASDAQ:TXRH) closed its last trading session up +0.13 at 48.46 with 709,729 shares trading hands.