UNIFIRST CORPORATION (NYSE:UNF) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
Submission of Matters to a Vote of Security Holders.
UNIFIRST CORPORATION (NYSE:UNF) 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 of UniFirst Corporation (the “Company”) held on January 9, 2018, the Company’s shareholders voted on and approved (1) the election of Kathleen M. Camilli and Michael Iandoli as Class I Directors, nominated by the Board of Directors, each to serve for a term of three years until the 2021 Annual Meeting of Shareholders and until their respective successors are duly elected and qualified and the election of Steven S. Sintros as a Class II Director, nominated by the Board of Directors, to serve until the 2020 Annual Meeting of Shareholders and until his successor is duly elected and qualified, (2) on a non-binding, advisory basis, the compensation of the Company’s named executive officers as more fully described in the Company’s Proxy Statement filed with the Securities and Exchange Commission on November 30, 2017 (the “Proxy Statement”), (3) on a non-binding, advisory basis, the holding of future non-binding, advisory votes on the compensation of the Company’s named executive officers every three years, and (4) the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 25, 2018. The votes cast by the holders of the Company’s Common Stock and Class B Common Stock on each of the foregoing proposals were as follows:
Proposal 1: Election of two Class I Directors, nominated by the Board of Directors, each to serve for a term of three years until the 2021 Annual Meeting of Shareholders and until their respective successors are duly elected and qualified and the election of one Class II Director, nominated by the Board of Directors, to serve until the 2020 Annual Meeting of Shareholders and until his successor is duly elected and qualified.
Common Stock |
Class B Common Stock |
|||||
Broker |
Broker |
|||||
For |
Withheld |
Non-Votes |
For |
Withheld |
Non-Votes |
|
Kathleen M. Camilli |
13,580,929 |
97,024 |
778,110 |
|||
Michael Iandoli |
13,514,205 |
163,748 |
778,110 |
46,427,740 |
502,920 |
|
Steven S. Sintros |
12,383,067 |
1,294,886 |
778,110 |
46,427,740 |
502,920 |
Proposal 2: Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers as more fully described in the Proxy Statement.
Common Stock |
Class B Common Stock |
||||||
Broker |
Broker |
||||||
For |
Against |
Abstain |
Non-Votes |
For |
Against |
Abstain |
Non-Votes |
13,525,190 |
132,813 |
19,950 |
778,110 |
46,930,660 |
Proposal 3: Approval, on a non-binding, advisory basis, of the frequency of future non-binding, advisory votes on the compensation of the Company’s named executive officers.
Common Stock |
Class B Common Stock |
||||||||
Broker |
Broker |
||||||||
1 Year |
2 Years |
3 Years |
Abstain |
Non-Votes |
1 Year |
2 Years |
3 Years |
Abstain |
Non-Votes |
9,198,121 |
7,608 |
4,457,312 |
14,912 |
778,110 |
1,202,920 |
45,727,740 |
After taking into consideration the foregoing voting results and the prior recommendation of the Board of Directors in favor of holding a non-binding, advisory shareholder vote on the compensation of the Company’s named executive officers every three years, the Board of Directors, upon the recommendation of the Compensation Committee, intends for the Company to hold future non-binding advisory votes on the compensation of the Company’s named executive officers every three years.
Proposal 4: Ratification of appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 25, 2018.
Common Stock |
Class B Common Stock |
||||||
Broker |
Broker |
||||||
For |
Against |
Abstain |
Non-Votes |
For |
Against |
Abstain |
Non-Votes |
14,405,646 |
41,225 |
9,192 |
46,930,660 |
About UNIFIRST CORPORATION (NYSE:UNF)
UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments. It operates in six segments: the US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing (MFG), Specialty Garments Rental and Cleaning (Specialty Garments), First Aid and Corporate. The Company also rents and sells industrial wiping products, floor mats, facility service products and other non-garment items, and provides restroom and cleaning supplies and first aid cabinet services, and other safety supplies. It also decontaminates and cleans work clothes, which has been exposed to radioactive materials and service special cleanroom protective wear and facilities.