Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders
Annual Meeting of Shareholders
The 2017 Annual Meeting of Shareholders (the “Annual Meeting”) of Willamette Valley Vineyards, Inc. (the “Company”) was held July 16, 2017 in Turner, Oregon. A total of 4,382,549 shares of Common Stock, representing approximately 85.75% of the shares outstanding and eligible to vote and constituting a quorum, were represented in person or by valid proxies at the Annual Meeting. The final results for each of the matters submitted to a vote of shareholders at the Annual Meeting are as follows:
Proposal 1 – Election of Directors:
All of the nominees for director were elected to serve until the Company’s Annual Meeting in the indicated years with the respective votes set forth opposite their names:
|
Year |
Votes Cast For |
Votes Witheld |
|||
|
Term |
% of |
% of |
|||
|
Nominees for Director |
Ends |
Number |
Votes Cast |
Number |
Votes Cast |
|
James W. Bernau |
2020 |
1,543,962 |
94.30% |
93,315 |
5.70% |
|
Christoper L. Sarles |
2020 |
1,547,665 |
94.53% |
89,612 |
5.47% |
|
Sean M. Cary |
2020 |
1,542,094 |
94.19% |
95,183 |
5.81% |
Proposal 2 – Ratification of Appointment of Independent Auditors:
The shareholders ratified the appointment of Moss Adams LLP as independent auditors for the 2017 fiscal year by the votes set forth in the following table:
|
Votes Cast For |
Votes Cast Against |
Abstain |
||||
|
% of |
% of |
% of |
Broker |
|||
|
Number |
Votes Cast |
Number |
Votes Cast |
Number |
Votes Cast |
Non-Votes |
|
4,300,566 |
98.13% |
54,438 |
1.24% |
27,545 |
0.63% |
NA |
Proposal 3–Advisory (Non-Binding) Approval of Company’s Executive Compensation:
The Company’s shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Company’s Proxy Statement, by the votes set forth in the following table:
|
Votes Cast For |
Votes Cast Against |
Abstain |
||||
|
% of |
% of |
% of |
Broker |
|||
|
Number |
Votes Cast |
Number |
Votes Cast |
Number |
Votes Cast |
Non-Votes |
|
1,506,353 |
92.00% |
71,603 |
4.37% |
59,319 |
3.63% |
2,745,274 |
About Willamette Valley Vineyards, Inc. (NASDAQ:WVVI)
Willamette Valley Vineyards, Inc. owns and operates vineyards and a winery located in the state of Oregon, and produces and distributes premium, super premium and ultra-premium wines, primarily Pinot Noir, Pinot Gris, Chardonnay and Riesling. The Company operates through two segments: Direct Sales and Distributor Sales. Its Direct Sales segment includes retail sales in the tasting room and remote sites, wine club sales, on-site events, kitchen and catering sales and other sales made directly to the consumer without the use of an intermediary. Its Distributor Sales segment include all sales through a third party where prices are given at a wholesale rate. In addition, the Company holds Pairings, a focused restaurant offering a wine and food pairing lunch. The Company also operates two additional tasting rooms, one in downtown McMinnville, in the Oregon Wine Country, and at its Tualatin Vineyard.