Vivint Solar, Inc. (NYSE:VSLR) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
On June 20, 2017, Vivint Solar, Inc. (the Company) held its 2017 Annual Meeting of Stockholders (the Annual Meeting).At the Annual Meeting, 105,751,216 shares of the Companys common stock, or 95.7% of the 110,497,954 shares entitled to vote, were present in person or by proxy and voted on the following two proposals, each of which is described in more detail in the Companys definitive proxy statement for the Annual Meeting filed with the United States Securities and Exchange Commission on April 28, 2017.
1. The stockholders elected the three individuals listed below as Class III directors to serve on the Board of Directors of the Company, each to serve for a three-year term ending in 2020 or until his successor is duly elected and qualified or until his death, resignation or removal.The voting results were as follows:
|
Name |
Votes For |
Votes Withheld |
Broker Non-Votes |
|
David Bywater |
96,776,683 |
505,664 |
8,468,869 |
|
Alex J. Dunn |
96,469,307 |
813,040 |
8,468,869 |
|
Peter F. Wallace |
95,843,843 |
1,438,504 |
8,468,869 |
2. The stockholders ratified the appointment of Ernst Young LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017.The voting results were as follows:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
105,418,847 |
59,880 |
272,489 |
About Vivint Solar, Inc. (NYSE:VSLR)
Vivint Solar, Inc. primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers’ locations to residential customers based on over 20-year contracts. The Company operates through two operating segments: Residential, and commercial and industrial market (C&I). Through its investment funds, the Company owns an interest in the solar energy systems the Company installs, and ownership of the solar energy systems allows it and the other fund investors to benefit from various local, state and federal incentives. The Company has a process that enables it to design and install a custom solar energy system that delivers customer savings. The Company is a licensed contractor in the markets the Company serves and is responsible for each customer installation. Upon completion, the Company schedules the required inspections and arranges for interconnection to the power grid.
