U.S. CONCRETE, INC. (NASDAQ:USCR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Company) approved the U.S. Concrete, Inc. 2017 Cash Incentive
Plan (the 2017 Cash Incentive Plan). The Board of Directors of
the Company had previously approved the 2017 Cash Incentive Plan,
subject to stockholder approval. The material terms of the 2017
Cash Incentive Plan are summarized in the Companys definitive
proxy statement on Schedule 14A filed with the Securities and
Exchange Commission on March 28, 2017 (the Proxy Statement),
which description is incorporated by reference herein. This
description of the 2017 Cash Incentive Plan is qualified in its
entirety by reference to the actual terms of the 2017 Cash
Incentive Plan, a complete copy of which is filed as Exhibit 10.1
to this Current Report on Form 8-K.
Annual Meeting) on May 18, 2017. At the Annual Meeting, there
were 14,598,994 shares of common stock of the Company present in
person or represented by proxy and entitled to vote. The Companys
stockholders were asked to vote on the following four proposals,
each of which is described in the Companys Proxy Statement: (1)
the election of seven directors, (2) the ratification of the
appointment of Ernst Young LLP as the Companys independent
registered public accounting firm for fiscal year 2017, (3)
advisory approval of executive compensation, and (4) approval of
the 2017 Cash Incentive Plan.
seven nominees listed below to hold office until the 2018 annual
meeting of stockholders and until their respective successors are
duly elected and qualified, by the following vote:
|
Nominee
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|
Eugene I. Davis
|
9,428,732
|
2,552,512
|
5,660
|
2,612,090
|
|
William J. Sandbrook
|
11,955,836
|
25,333
|
5,735
|
2,612,090
|
|
Kurt M. Cellar
|
11,810,635
|
169,853
|
6,416
|
2,612,090
|
|
Michael D. Lundin
|
11,837,208
|
143,861
|
5,835
|
2,612,090
|
|
Robert M. Rayner
|
11,839,711
|
140,878
|
6,315
|
2,612,090
|
|
Colin M. Sutherland
|
10,340,252
|
1,640,717
|
5,935
|
2,612,090
|
|
Theodore P. Rossi
|
11,835,840
|
144,934
|
6,130
|
2,612,090
|
ratified the appointment of Ernst Young LLP as the Companys
independent registered public accounting firm for fiscal year
2017, by the following vote:
|
For
|
Against
|
Abstentions
|
Broker Non-Votes
|
|
14,490,008
|
94,674
|
14,312
|
stockholders approved, on a non-binding advisory basis, the
compensation of the Companys named executive officers as
disclosed in the Proxy Statement by the following vote:
|
For
|
Against
|
Abstentions
|
Broker Non-Votes
|
|
11,461,643
|
502,752
|
22,509
|
2,612,090
|
stockholders approved the 2017 Cash Incentive Plan by the
following vote:
|
For
|
Against
|
Abstentions
|
Broker Non-Votes
|
|
11,694,475
|
265,735
|
26,694
|
2,612,090
|
|
Exhibit No.
|
Exhibit
|
|
10.1
|
U.S. Concrete, Inc. 2017 Cash Incentive Plan
|
About U.S. CONCRETE, INC. (NASDAQ:USCR)
U.S. Concrete, Inc. is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites. The aggregate products segment produces crushed stone, sand and gravel. The Company’ other products include its building materials stores, hauling operations, aggregates distribution terminals, lime slurry, brokered product sales, a recycled aggregates operation, and concrete blocks. The Company also offers the ARIDUS Rapid Drying Concrete technology. As of April 10, 2017, the Company operated 155 standard ready-mixed concrete plants, 16 volumetric ready-mixed concrete plants, 17 producing aggregates facilities, three aggregates distribution terminals, two lime slurry facilities, and one recycled aggregates facility. U.S. CONCRETE, INC. (NASDAQ:USCR) Recent Trading Information
U.S. CONCRETE, INC. (NASDAQ:USCR) closed its last trading session up +1.35 at 68.25 with 213,136 shares trading hands.
