WESCO International, Inc. (NYSE:WCC) 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 May 31, 2018, WESCO International, Inc. (“WESCO International”) held its Annual Meeting of Stockholders. The following proposals were submitted by the Board of Directors to a vote of the stockholders and the voting tabulations for each matter are as follows:
Proposal 1 – Election of Eight Director Nominees
The following eight Directors were nominated to serve for a one-year term expiring at the Annual Meeting of Stockholders to be held in 2019 or until their successors are otherwise duly elected and qualified. The eight Directors were elected as Directors of WESCO International and the final results of the voting on the proposal were as follows:
|
Nominee |
For |
Withheld |
Broker Non-Votes |
|
Sandra Beach Lin |
41,545,977 |
1,455,929 |
1,175,302 |
|
John J. Engel |
41,057,089 |
1,944,817 |
1,175,302 |
|
Matthew J. Espe |
42,850,958 |
150,948 |
1,175,302 |
|
Bobby J. Griffin |
38,675,065 |
4,326,841 |
1,175,302 |
|
John K. Morgan |
41,637,708 |
1,364,198 |
1,175,302 |
|
Steven A. Raymund |
42,534,028 |
467,878 |
1,175,302 |
|
James L. Singleton |
41,275,825 |
1,726,081 |
1,175,302 |
|
Lynn M. Utter |
42,653,141 |
348,765 |
1,175,302 |
Proposal 2 – Advisory Approval of the Compensation of the Company’s Named Executive Officers
The stockholders approved, on an advisory (non-binding) basis, the compensation of certain executive officers. There were 32,085,317 votes, or 75% of the total number of votes cast, for this proposal with 10,758,344 votes against it. There were 158,245 abstentions and 1,175,302 broker non-votes.
Proposal 3 – Ratification of the appointment of PricewaterhouseCoopers LLP as WESCO International’s independent registered public accounting firm for the year ending December 31, 2018
The stockholders ratified the appointment of PricewaterhouseCoopers LLP as WESCO International’s independent registered public accounting firm for the year ending December 31, 2018. There were 43,311,193 votes, or 98% of the total number of votes cast, for this proposal with 842,490 votes against it. There were 23,525 abstentions and no broker non-votes.
About WESCO International, Inc. (NYSE:WCC)
WESCO International, Inc. is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services. Its primary product categories include general electrical and industrial supplies, wire, cable and conduit, data and broadband communications, power distribution equipment, lighting and lighting control systems, control and automation, motors, and safety. It offers a portfolio of capabilities, which includes supply chain management, logistics and transportation, procurement, warehousing and inventory management, as well as kitting, limited assembly of products and system installation. It serves over 80,000 customers across the globe.