8-KThe WireRed Alert
Executive Change · Results of Operations
Filed Apr 28, 2015 · 11y ago · Accession 0001193125-15-151654
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): April 28, 2015
THE GORMAN-RUPP COMPANY
(Exact name of registrant as specified in its charter)
Ohio
1-6747
34-0253990
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
600 South Airport Road
Mansfield, Ohio
44903
(Address of principal executive offices)
(Zip Code)
(419) 755-1011
(Registrants telephone number, including area code)
NOT APPLICABLE
(Former
name or former address, if changed since last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02.
Results of Operations and Financial Condition
On April 23, 2015, The Gorman-Rupp
Company (the Company) issued a news release announcing its financial results for the first quarter ended March 31, 2015. This news release is included as Exhibit 99.1 and is being furnished, not filed, with this Current Report
on Form 8-K.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers
On April 23, 2015, the Company held its Annual Meeting of Shareholders, where the Companys shareholders
approved The Gorman-Rupp Company 2015 Omnibus Incentive Plan (the Incentive Plan). Under the Incentive Plan, employees of the Company may be granted the following types of awards with respect to the Companys common shares:
restricted stock, restricted stock units, performance-based awards, incentive stock options, nonqualified stock options, stock appreciation rights, and other share-based awards. Subject to adjustment as provided in the Incentive Plan, the total
number of Company common shares, without par value, available for issuance under the Incentive Plan is 1,000,000 shares. The material terms of the Incentive Plan are summarized in the Companys definitive Proxy Statement on Schedule 14A, which
was filed with the Securities and Exchange Commission on March 19, 2015.
The description of the Incentive Plan as contained herein
is qualified in its entirety by reference to the full text of the Incentive Plan, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 5.07.
Submission of Matters to a Vote of Security Holders
The annual meeting of the
shareholders of the Company was held on April 23, 2015 in Mansfield, Ohio (Annual Meeting). As of the record date, there were a total of 26,260,543 shares of Common Stock outstanding and entitled to vote at the Annual Meeting. At
the Annual Meeting, 22,393,959 shares of Common Stock were represented in person or by proxy; therefore, a quorum was present. Set forth below are the matters acted upon by the Companys shareholders at the Annual Meeting and the final voting
results on each such matter.
1.
Fix the number of Directors of the Company at eight and to elect eight Directors to hold office until the next Annual Meeting of Shareholders and until their successors are elected and qualified. The voting results were
as follows:
For
Withheld
Broker Non-Votes
James C. Gorman
20,010,086
85,873
2,298,000
Jeffrey S. Gorman
20,020,738
75,221
2,298,000
M. Ann Harlan
20,030,570
65,389
2,298,000
Thomas E. Hoaglin
19,698,579
397,380
2,298,000
Christopher H. Lake
19,968,888
127,071
2,298,000
Kenneth R. Reynolds
20,027,193
68,766
2,298,000
Rick R. Taylor
20,014,924
81,035
2,298,000
W. Wayne Walston
20,001,504
94,455
2.
Approve and adopt an amendment of the Companys Code of Regulations to authorize the Board of Directors to amend the Code of Regulations to the extent permitted by Ohio law. The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
11,271,961
8,783,062
40,936
2,298,000
3.
Approve and adopt an amendment of the Companys Code of Regulations to authorize the formation of committees of the Board of Directors consisting of one or more directors and subcommittees. The voting results were
as follows:
For
Against
Abstain
Broker Non-Votes
15,056,561
4,998,501
40,897
2,298,000
4.
Approve and adopt The Gorman-Rupp Company 2015 Omnibus Incentive Plan. The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
19,599,367
420,416
76,176
2,298,000
5.
Approve, on an advisory basis, the compensation of the Companys named Executive Officers. The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
19,661,695
373,518
60,746
2,298,000
6.
Ratify the appointment of Ernst & Young LLP as independent registered public accountants for the Company during the year ending December 31, 2015. The voting results were as follows:
For
Against
Abstain
22,278,764
74,761
40,434
Item 9.01.
Financial Statements and Exhibits
(d)
Exhibits
Exhibit 10.1
The Gorman-Rupp Company 2015 Omnibus Incentive Plan
Exhibit 99.1
News Release dated April 23, 2015
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
THE GORMAN-RUPP COMPANY
By: /s/ Brigette A. Burnell
Brigette A. Burnell
General Counsel and Secretary
April 28, 2015
Exhibit Index
Exhibit
Number
Description
10.1
The Gorman-Rupp Company 2015 Omnibus Incentive Plan
99.1
News Release dated April 23, 2015
Filing details
- Company
- GORMAN RUPP CO
- Ticker
- GRC
- CIK
- 42682
- Form type
- 8-K
- Filing date
- Apr 28, 2015
- Report date
- Apr 28, 2015
- Document
- d916206d8k.htm
- Size
- 165 KB