WERNER ENTERPRISES, INC. (NASDAQ:WERN) Files An 8-K Submission of Matters to a Vote of Security HoldersITEM 5.07.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
(a)Annual Meeting Date.
The Annual Meeting of Stockholders of the Company was held on May 8, 2018 (the “Annual Meeting”).
(b)Election of Directors and Other Matters Voted Upon.
At the Annual Meeting, the three proposals stated below were submitted to a vote of the Company's stockholders of record as of March 19, 2018. (Each proposal is described in detail in the Company's definitive proxy statement filed with the SEC on April 5, 2018.)
The final voting results for each proposal are provided below.
Proposal 1. The Company's stockholders elected three Class III directors to each serve on the Company's Board for a three-year term expiring at the 2021 Annual Meeting of Stockholders and until their respective successors are elected and qualified. Final voting results for the elected directors were as follows:
|
Broker |
||||
|
For |
Against |
Abstained |
Non-Votes |
|
|
Clarence L. Werner |
66,965,113 |
2,047,498 |
1,661,186 |
|
|
Patrick J. Jung |
68,361,782 |
650,829 |
1,661,186 |
|
|
Michael L. Gallagher |
68,893,565 |
119,046 |
1,661,186 |
Proposal 2. The Company's stockholders approved the advisory resolution on executive compensation. Final voting results were as follows:
|
Broker |
|||
|
For |
Against |
Abstained |
Non-Votes |
|
68,676,041 |
314,344 |
22,226 |
1,661,186 |
Proposal 3. The Company's stockholders ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the year ending December 31, 2018. Final voting results were as follows:
|
Broker |
|||
|
For |
Against |
Abstained |
Non-Votes |
|
70,175,582 |
485,156 |
13,059 |
About WERNER ENTERPRISES, INC. (NASDAQ:WERN)
Werner Enterprises, Inc. is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS). The Company also provides logistics services through its VAS division. Truckload segment comprises the One-Way Truckload and Specialized Services units. The Company’s VAS segment is a non-asset-based transportation and logistics provider. VAS comprises operating units that provide non-trucking services to its customers, including truck brokerage, freight management, the intermodal unit and Werner Global Logistics international. The Company has a fleet of approximately 7,450 trucks, of which over 6,640 are Company-operated and over 810 are owned and operated by independent contractors. Its VAS division operates over 60 additional intermodal drayage trucks.
