U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

7 years ago

U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Stockholders (the "Annual Meeting") of U.S. Physical Therapy, Inc. (the "Company") was held on May 22, 2018. At the Annual Meeting, the Company's stockholders approved the three proposals, one of which is non-binding, which are described in detail in the company's definitive proxy statement dated April 5, 2018. ("Definitive Proxy"). Absentions and broker non-votes were counted for purposes of determining whether a quorom was present.

The results are as follows:

Proposal 1 – Election often directors to serve until the next annual meeting of stockholders.

Votes	Broker
Nominees	Votes For	Withheld	Non-Votes
Jerald L. Pullins	10,994,728	480,760	769,664
Christopher J. Reading	11,437,359	38,129	769,664
Lawrance W. McAfee	10,081,577	1,393,911	769,664
Mark J. Brookner	10,975,954	499,534	769,664
Harry S. Chapman	11,376,371	99,117	769,664
Kathleen A. Gilmartin	11,451,929	23,559	769,664
Bernard A. Harris, Jr.	11,076,462	399,026	769,664
Edward L. Kuntz	11,382,352	93,136	769,664
Reginald E. Swanson	11,298,684	176,804	769,664
Clayton K. Trier	11,063,986	411,502	769,664

Proposal 2 – Advisory vote to approve named executive officer compensation.

Votes	Votes	Broker
Votes For	Against	Abstaining	Non-Votes
7,311,965	3,871,006	292,517	769,664

Proposal 3 – Ratification of the appointment of Grant Thornton LLP as our independent registered public accounting firm for 2018.

Votes	Votes
Votes For	Against	Abstaining
12,188,907	36,983	19,262

With respect to proposal 1, broker non-votes were not treated as a vote for or against any particular nominee and did not affect the outcome of the election of directors. With Proposal 2, broker non-votes did not have any effect on the outcome of the vote.

About U.S. PHYSICAL THERAPY, INC. (NYSE:USPH)
U.S. Physical Therapy, Inc., through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care, and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries. The Company’s segment is made up of various clinics within partnerships. The Company primarily operates through subsidiary clinic partnerships, in which it owns a general partnership interest and a limited partnership interest, and the managing therapists of the clinics owns the remaining limited partnership interest in the clinics. The Company operates approximately 510 clinics in over 40 states. There are approximately 380 clinics operated under Clinic Partnerships and over 100 operated as Company-owned Facilities. In addition to its owned clinics, it also manages physical therapy facilities for third parties, primarily physicians, with over 20 third-party facilities under management.