TRANS WORLD ENTERTAINMENT CORPORATION (NASDAQ:TWMC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders
At the Annual Meeting of Shareholders held on Wednesday, June 27, 2018 at 10:00am, EDT (the “Annual Meeting”), the shareholders of Trans World Entertainment Corporation (the “Company”) voted on the following proposals, which are more fully described in our Proxy Statement dated May 30, 2018:
Proposal No. 1 –Election of Directors; and
Proposal No. 2 – Ratification of appointment of KPMG LLP.
On the record date for the Annual Meeting, there were 36,212,570 shares issued, outstanding and entitled to vote. Shareholders holding 24,516,343 shares were present at the meeting, in person or represented by proxy. The results of the voting at the Annual Meeting were as follows:
PROPOSAL NO. 1 – ELECTION OF DIRECTORS
|Director||Votes For||Votes Against||Broker Non-Votes||Uncast|
|W. Michael Reickert||16,059,357||1,804,085||6,652,883|
On June 26, 2018, James Barba, a nominee for election as a director at the Annual Meeting, informed the Board that he withdrew his name from nomination for election to the Board at the Annual Meeting. The Board did not name a replacement nominee for election at the Annual Meeting.
Shares represented by proxy cards or voting instruction cards returned before the Annual Meeting were voted for the Directors nominated by the Board as instructed on the proxy card or voting instruction card, except that votes cast for Mr. Barba were disregarded.
None of the other agenda items presented in the Notice and Proxy Statement were affected.
PROPOSAL NO. 2- To Ratify the appointment of kpmg llp as independent registered public accounting firm for the fiscal year ended February 2, 2019
|Votes For||Votes Against||Abstentions||Broker Non-Votes|
About TRANS WORLD ENTERTAINMENT CORPORATION (NASDAQ:TWMC)
Trans World Entertainment Corporation is a specialty retailer of entertainment products, including trend, video, music, electronics and related products. The Company operates a chain of retail entertainment stores and e-commerce sites, www.fye.com and www.secondspin.com. It owns interest in Record Town, Inc., through which its principal operations are conducted. It operates over 270 mall-based stores under the For Your Entertainment (f.y.e.) brand, including f.y.e. stores and video only stores. The Company operates over 260 mall-based f.y.e. stores, which carry entertainment products, including video, music, trend, electronics, video games and related products. It operates over nine video-only stores under the Suncoast Motion Pictures brand, which specialize in the sale of video and related product. It operates approximately 30 freestanding stores under the f.y.e. brand, which carries entertainment products, including video, music, trend, electronics, video games and related products.