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

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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.

(e) On May 18, 2017, the stockholders of U.S. Concrete, Inc. (the
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.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company held its 2017 annual meeting of stockholders (the
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.
Proposal #1 – Election of Directors. The stockholders elected the
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
Proposal #2 – Ratification of Ernst Young LLP. The stockholders
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
Proposal #3 – Advisory Approval of Executive Compensation. The
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
Proposal #4 – Approval of the 2017 Cash Incentive Plan. The
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
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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.

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