UNIVERSAL CORPORATION (OTCMKTS:UVVZP) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.

Submission of Matters to a Vote of Security Holders.

At the 2017 Annual Meeting of Shareholders (the "2017 Annual Meeting"), held August 3, 2017, the Company’s shareholders (i) elected each of the persons listed below as a director for a term of three years, (ii) approved a non-binding advisory resolution approving the compensation of the Company’s named executive officers, (iii) approved a one-year frequency for the non-binding shareholder vote to approve the compensation of the Company's named executives officers, (iv) ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2018, and (v) approved the Universal Corporation 2017 Stock Incentive Plan.

As of June 9, 2017, the Company had 25,319,389 shares of common stock outstanding, each of which was entitled to one vote per share. The majority of shares entitled to vote constituted a quorum.

The Company’s shareholders voted as follows:

Proposal 1 – Election of Directors.

Messrs. G. Freeman, L. Freeman and Moore were elected to three-year terms. The terms of office of the following directors continued after the 2017 Annual Meeting: John B. Adams, Jr., Diana F. Cantor, Thomas H. Johnson, Michael T. Lawton, and Robert C. Sledd.

Proposal 2 – Approval of a non-binding advisory resolution approving the compensation of the Company’s named executive officers.

Proposal 3 – Approval on a non-binding advisory basis of the frequency of the non-binding advisory vote on the compensation of the Company's named executive officers.

Proposal 4 – Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2018.

Proposal 5 – Approval of the Universal Corporation 2017 Stock Incentive Plan.

Proposal 6 – The shareholder proposal requiring the Company to prepare a report on the benefits and drawbacks of participation in mediation of alleged human rights violations through National Contact Point was not voted on because it was not properly presented at the meeting, as neither the shareholder proponent nor their designee was in attendance.

In light of the Company's prevailing practice and the results of the non-binding advisory vote on Proposal 3, on August 3, 2017, the Board of Directors chose a one-year frequency for seeking a non-binding advisory vote of the Company's shareholders approving the compensation of the Company's named executive officers. Such decision shall stand until the next required vote on the frequency of the shareholder non-binding advisory vote on the compensation of the Company's named executive officers.

About UNIVERSAL CORPORATION (OTCMKTS:UVVZP)

Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services. North America, South America, Africa, Europe and Asia are involved in flue-cured and/or burley leaf tobacco operations for supply to cigarette manufacturers. The Dark Air-Cured group supplies dark air-cured tobacco to manufacturers of cigars, pipe tobacco and smokeless tobacco products. The Oriental business supplies oriental tobacco to cigarette manufacturers. Special Services segment includes the Company’s laboratory services business, which provides physical and chemical product testing and smoke testing for customers, as well as its liquid nicotine joint venture and its food and vegetable ingredients business.