Willis Lease Finance Corporation (NASDAQ:WLFC) Files An 8-K Submission of Matters to a Vote of Security Holders

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Willis Lease Finance Corporation (NASDAQ:WLFC) Files An 8-K Submission of Matters to a Vote of Security Holders

Willis Lease Finance Corporation (NASDAQ:WLFC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders

On May 23, 2019, Willis Lease Finance Corporation (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). At the close of business on April 2, 2019, the voting record date, there were 6,352,688 common shares issued and outstanding and entitled to vote. At the Annual Meeting, 5,853,048 shares, or 92.13%, of the outstanding common shares entitled to vote were represented by proxy or in person.

Proposal 1: Election of Directors. The stockholders elected two Class III Directors, each for a three-year term expiring at the 2022 Annual Meeting of Stockholders. The voting results were as follows:

Number of Votes Cast:

The other directors whose term of office continued after the Annual Meeting were Austin C. Willis, Robert T. Morris and Robert J. Keady.

Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm. The stockholders ratified the appointment of KPMG LLP as the Company’s independent auditors for the year 2019. The voting results were as follows:

Number of Votes Cast:

Proposal 3: Adoption of a Majority Voting Standard for Director Elections. This proposal was not submitted to a vote at the Annual Meeting because the proponent failed to present the proposal at the meeting.

About Willis Lease Finance Corporation (NASDAQ:WLFC)

Willis Lease Finance Corporation along with its subsidiaries is a lessor of commercial aircraft engines. The Company operates through two business segments, such as Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment, and the selective purchase and resale of commercial aircraft engines and other aircraft equipment. The Spare Parts Sales segment involves the purchase and resale of after-market engine and airframe parts, whole engines, engine modules and portable aircraft components, and leasing of engines destined for disassembly and sale of parts. Its lease portfolio consists of approximately 200 engines and related equipment, 10 aircrafts and five spare engine parts packages. The Company’s business activities also include equipment leasing and spare parts sales.