The St. Joe Company (NYSE:JOE) 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 May 25, 2017, The St. Joe Company (the Company) held its
2017 Annual Meeting of Shareholders (the 2017 Annual Meeting).
At the 2017 Annual Meeting, the Companys shareholders voted on
(i) the election of eight director nominees (Proposal 1), (ii)
the ratification of the appointment of KPMG LLP as the Companys
independent registered public accounting firm for the 2017
fiscal year (Proposal 2), (iii) the approval, on an advisory
basis, of the compensation of the Companys named executive
officers (Proposal 3), and (iv) the approval, on an advisory
basis, of the frequency of future advisory votes on the
compensation for the Companys named executive officers
(Proposal 4). The results of the votes are set forth below.
Proposal 1
The shareholders voted in favor of the election of the
following director nominees for a term of office expiring at
the 2018 Annual Meeting of Shareholders and, in each case,
until his successor is duly elected and qualified.
| Director Nominee | For | Against | Abstain |
Broker
Non-Vote |
|
Cesar L. Alvarez |
49,905,046 |
13,227,392 | 84,192 | 5,890,991 |
|
Bruce R. Berkowitz |
61,427,561 | 1,709,539 | 79,530 | 5,890,991 |
|
Howard S. Frank |
48,997,736 | 14,139,475 | 79,419 | 5,890,991 |
|
Jorge L. Gonzalez |
62,904,802 | 232,385 | 79,443 | 5,890,991 |
|
James S. Hunt |
62,540,965 | 595,200 | 80,465 | 5,890,991 |
|
Stanley Martin |
62,515,497 | 620,640 | 80,493 | 5,890,991 |
|
Thomas P. Murphy, Jr. |
62,133,392 | 1,001,481 | 81,757 | 5,890,991 |
|
Vito S. Portera |
62,381,991 | 751,270 | 83,369 | 5,890,991 |
Proposal 2
The shareholders approved the ratification of the appointment
of KPMG LLP as the Companys independent registered public
accounting firm for the 2017 fiscal year.
| For | Against | Abstain |
| 68,262,467 | 757,465 | 87,689 |
Proposal 3
The shareholders approved, on an advisory basis, the
compensation of the Companys named executive officers.
| For | Against | Abstain | Broker Non-Vote |
| 62,679,942 | 415,497 | 121,191 | 5,890,991 |
Proposal 4
The shareholders voted in favor of a frequency of every one (1)
year for a shareholder vote on the compensation of the Companys
named executive officers.
| 1 Year | 2 Years | 3 Years | Abstain |
| 62,689,203 | 71,555 | 304,794 | 151,078 |
Based upon the results of the advisory proposal on the
frequency of future votes on executive compensation set forth
in Proposal 4 above, and consistent with the shareholders
recommendation, the Companys Board of Directors has determined
that future advisory votes on executive compensation will be
submitted to shareholders on an annual basis until the next
required vote on the frequency of such votes.
About The St. Joe Company (NYSE:JOE)
The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land. Its commercial real estate segment plans, develops, manages and sells real estate. Resorts and leisure segment features a portfolio of vacation rentals and hotel operations, as well as golf courses, a beach club, marinas and other related resort amenities. Its leasing operations business includes its retail and commercial leasing. Its forestry segment focuses on the management of its timber holdings in Northwest Florida. The St. Joe Company (NYSE:JOE) Recent Trading Information
The St. Joe Company (NYSE:JOE) closed its last trading session down -0.05 at 17.55 with 144,769 shares trading hands.
