XERIUM TECHNOLOGIES, INC. (NYSE:XRM) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07, Submission of Matters to a Vote of Security Holders, regarding the results of the Company’s 2017 Annual Meeting of Stockholders held on June 15, 2017 (the “2017 Annual Meeting”). The sole purpose of this Amendment is to disclose the Company’s decision regarding how frequently it will conduct future advisory stockholder votes on the compensation of the Company’s named executive officers (the “Say-on-Pay Votes”). No other changes have been made to the Original 8-K.
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Submission of Matters to a Vote of Security Holders.
(d) As previously disclosed in the Original 8-K, at the 2017 Annual Meeting, the Company’s stockholders approved, on an advisory basis, holding future Say-on-Pay Votes every year. In light of this vote, which was consistent with the recommendation of the Company’s Board of Directors, the Company confirms that it will hold future Say-on-Pay Votes every year until the next advisory stockholder vote on this matter. The Company is required to hold a vote on the frequency of Say-on-Pay Votes at least once every six years.
About XERIUM TECHNOLOGIES, INC. (NYSE:XRM)
Xerium Technologies, Inc. (Xerium) is a manufacturer and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The Company markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. The Company operates in two segments: machine clothing and roll covers. Its machine clothing segment products include various types of industrial textiles used on paper-making machines and manufactures spreader rolls. Through its roll covers segment, it manufactures various types of roll covers, refurbishes previously installed roll covers, provides mechanical services for the internal mechanisms of rolls used on paper-making machines, and manufactures spreader rolls. In addition, its products are also installed in other industrial applications, such as non-woven and fiber cement machines.