TITAN MACHINERY INC. (NASDAQ:TITN) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

8 years ago

TITAN MACHINERY INC. (NASDAQ:TITN) 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.

The 2017 Annual Meeting of Stockholders of Titan Machinery Inc.
(the Company) was held on June 1, 2017. The votes cast with respect
to each item of business properly presented at the meeting are as
follows:

Proposal No. 1 The stockholders elected the following Class I
nominees to the Board of Directors for a three-year term.



	For	Withheld	Broker Non-Votes
Tony Christianson	18,656,090	599,500	1,248,324
John Henderson	18,637,398	618,192	1,248,324

Proposal No. 2 The stockholders adopted the non-binding
resolution approving the compensation of the Companys Named
Executive Officers as described in the Companys 2017 Proxy
Statement.



For	Against	Abstained	Broker Non-Votes
19,173,941	75,995	5,654	1,248,324

Proposal No. 3 The stockholders adopted the non-binding
resolution recommending holding future advisory votes on the
compensation of the Companys Named Executive Officers every year.



For 1 Year	For 2 Years	For 3 Years	Abstained
17,608,482	9,192	1,636,197	1,719

Based on the foregoing results and consistent with the
substantial majority of votes cast in favor of “1 Year”, the
Company’s Board of Directors has adopted a policy to hold an
advisory vote on the compensation of its Named Executive Officers
every year.

Proposal No. 4 The stockholders ratified the appointment of
Deloitte Touche LLP as the Company’s Registered Independent
Public Accounting Firm for the fiscal year ended January 31,
2018.



For	Against	Abstained	Broker Non-Votes
20,470,836	29,860	3,218	–

About TITAN MACHINERY INC. (NASDAQ:TITN)
Titan Machinery Inc. owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities. It has three business segments: Agriculture, Construction and International. Its agricultural equipment includes machinery and attachments for large-scale farming, and home and garden purposes. Its construction equipment includes heavy construction and light industrial machinery for commercial and residential construction, road and highway construction, and mining operations. It sells new agricultural and construction equipment. It provides in-store and on-site repair and maintenance services. It also rents equipment and provides ancillary services, such as equipment transportation, global positioning system signal subscriptions, and finance and insurance products.