Web.com Group, Inc. (NASDAQ:WEB) Files An 8-K Submission of Matters to a Vote of Security Holders

Web.com Group, Inc. (NASDAQ:WEB) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 of the Original Form 8-K to disclose the decision of the Board of Directors regarding how frequently the Company will conduct future stockholder advisory votes to approve the compensation of the Company’s named executive officers. No other changes are being made to the Original Form 8-K.

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Section 5 – Corporate Governance and Management

Item 5.07. Submission of Matters to a Vote of Security Holders.

At the 2017 Annual Meeting of Stockholders of Web.com Group, Inc. (the “Company”) held on May 10, 2017, at 10:30 a.m. Eastern Time, at the Company’s headquarters in Jacksonville, Florida, the Company’s stockholders approved the four proposals listed below. The following is a brief description of each matter voted upon at the Annual Meeting, as well as the final tally of the number of votes cast “for” or “withheld” for each director, and for or against each other matter, and the number of abstentions and broker non-votes with respect to each matter (other than Proposal 2). A more complete description of each matter is set forth in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 5, 2017.

Proposal 1 – Election of Directors

The two individuals named below were elected to serve on the Company’s Board of Directors (the “Board”) until the Company’s 2020 Annual Meeting of Stockholders or until their successors are duly elected and qualified:

Nominees

Number of Shares Voted For

Number of Shares Voted Withheld

Broker Non-Votes

David L. Brown

29,580,023

2,201,797

14,459,470

Timothy I. Maudlin

31,054,319

727,501

14,459,470

Proposal 2 – Election of Directors

The Company’s stockholders ratified the selection of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2017. The tabulation of votes on this matter was as follows:

Number of Shares Voted For

Number of Shares Voted Against

Number of Shares Abstained

Ernst & Young LLP

45,893,313

112,545

235,432

Proposal 3 – Advisory Resolution on Frequency of Future Votes on Executive Compensation

The Company’s stockholders approved, on an advisory basis, a frequency of “one year” for future advisory votes on the compensation of the Company’s named executive officers by the following vote:

For 1 Year

For 2 Years

For 3 Years

Abstain

Broker Non-Votes

27,262,737

10,874

4,244,013

264,196

14,459,470

Based upon the results set forth above for the advisory vote on the frequency of future advisory votes on executive compensation, the Board of Directors has determined that future advisory votes on advisory votes on the compensation of the Company’s named executive officers will be submitted to stockholders annually until the next advisory vote on the frequency of the stockholder votes on executive compensation, which will occur no later than our Annual Meeting of Stockholders in 2023.

Proposal 4 – Advisory Resolution on Executive Compensation

The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the Company’s Proxy Statement, including the Compensation Discussion and Analysis and the Executive Compensation Tables, together with the narrative discussion related thereto, by the following vote:

For

Against

Abstain

Broker Non-Votes

30,077,689

1,443,231

269,900

14,459,470


About Web.com Group, Inc. (NASDAQ:WEB)

Web.com Group, Inc. provides a range of Internet services to small businesses. The Company operates through Web services and products segment. The Company offers subscription-based solutions including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions. The Company offers Domain Name Registration and Services, Do-It-For-Me Web Solutions, Do-It-Yourself Web Solutions and Online Marketing Services. The Company offers online advertising opportunities for companies focused on small businesses to be featured on its Websites. The Company offers directory listings, which is an online search directory that gives businesses online exposure. The Company also offers a range of domain name services, including domain name registration, transfers, renewals, expiration protection and privacy services.

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