Woodward, Inc. (NASDAQ:WWD) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
On January24, 2018, Woodward, Inc. (the “Company”) held its 2017 Annual Meeting of Stockholders (the “2017 Annual Meeting”). The stockholders considered four proposals, each of which is described more fully in the Company’s proxy statement for the 2017 Annual Meeting. Set forth below are the final voting results on each matter submitted to a vote of the Company’s stockholders for the 2017 Annual Meeting.
Proposal 1. Election of three directors for a three-year term to hold office until the Company’s 2020 Annual Meeting to be held in or about January2021:
| For | Against | Abstain | Broker Non-Votes | |
|
Thomas A. Gendron |
48,206,602 | 1,730,556 | 57,816 | 6,856,764 |
|
Daniel G. Korte |
49,380,324 | 517,180 | 97,470 | 6,856,764 |
|
Ronald M. Sega |
49,281,815 | 629,532 | 83,626 | 6,856,765 |
Proposal 2. Ratification of the appointment of Deloitte& Touche LLP as the Company’s independent registered public accounting firm for fiscal year ending September30, 2018:
|
For |
55,487,874 |
|
Against |
1,268,609 |
|
Abstain |
95,255 |
Proposal 3. Advisory resolution regarding the compensation of the Company’s named executive officers:
|
For |
47,518,934 |
|
Against |
2,040,776 |
|
Abstain |
435,261 |
|
Broker Non-Votes |
6,856,767 |
Proposal 4. Proposal for the approval of the Amended and Restated Woodward, Inc. 2017 Omnibus Incentive Plan:
|
For |
45,836,378 |
|
Against |
3,752,702 |
|
Abstain |
405,891 |
|
Broker Non-Votes |
6,856,767 |
to the foregoing, the three nominees were each elected to serve on the Company’s Board of Directors and Proposals 2-4 were each approved. As previously reported, to an advisory resolution based on a vote held at the Company’s 2016 Annual Meeting of Stockholders, stockholders representing more than a majority of the votes cast recommended that the Company hold votes on future advisory resolutions on executive compensation on an annual basis. In light of these voting results and other factors, the Board of Directors of the Company has elected to include in the Company’s proxy materials a non-binding advisory resolution on executive compensation on an annual basis unless and until it determines otherwise.
About Woodward, Inc. (NASDAQ:WWD)
Woodward, Inc. is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control. The Company’s Industrial segment designs, produces and services systems and products for the management of fuel, air, fluids, gases, electricity, motion and combustion. The Company has production and assembly facilities in the United States, Europe and Asia and South America, and promotes its products and services throughout the world. The Company offers solutions for the aerospace, industrial and energy markets. The Company focuses primarily on serving original equipment manufacturers (OEMs) and equipment packagers.