8-KThe WireRoutine
Shareholder Vote · Company Update
Filed Jun 9, 2020 · 6y ago · Accession 0001193125-20-164798
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): June 3, 2020
AMERICAN VANGUARD CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
001-13795
95-2588080
(State or other jurisdiction
of incorporation)
Commission
File Number
(I.R.S. Employer
Identification No.)
4695 MacArthur Court
Newport Beach, California 92660
(Address of principal executive offices)
Registrants telephone number: (949) 260-1200
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:
☐
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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Exchanges on which
registered
Common Stock, $.10 par value
AVD
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b02 of the Securities Exchange Act of 1934 (§240.12b02 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07
Submission of Matters to a Vote of Security Holders
At the 2020 Annual Meeting of Stockholders of American Vanguard Corporation held on June 3, 2020, four matters were voted upon by stockholders, namely:
(i) the election of nine directors until their successors are elected and qualified, (ii) the ratification of BDO USA, LLP as independent registered public accounting firm for the year ending December 31, 2020, (iii) an advisory vote
approving the overall executive compensation policies and procedures of the Company as set forth in the 2020 proxy, and (iv) advisory vote on the frequency of the
say-on-pay disclosure in the Companys proxy being either every one-year, two-years
or three-years.
With respect to the first proposal in the proxy, the following nine nominees received more votes FOR than votes
AGAINST, and, as a result, were elected to serve as directors for the ensuing year:
Nominee
Votes For
Votes Against
Votes Abstain
Scott D. Baskin
23,910,947
252,488
5,872
Lawrence S. Clark
23,226,386
937,014
5,907
Debra F. Edwards
24,055,671
107,328
6,308
Morton D. Erlich
23,527,874
635,561
5,872
Emer Gunter
23,994,966
46,095
128,246
Alfred F. Ingulli
23,958,661
82,414
128,232
John L. Killmer
24,011,022
30,073
128,212
Eric G. Wintemute
23,924,114
118,298
126,895
Esmail Zirakparvar
22,819,873
1,221,188
128,246
With respect to all director nominees, broker non-votes equaled 2,070,457.
With respect to Proposals Two (appointment of BDO) and Three (advisory approval of executive compensation), both measures received the affirmative vote of a
majority of the shares cast at the meeting; more specifically, the shares were voted as follows:
Proposal
Votes For
Votes Against
Votes Abstain
Broker Non-Vote
Two
25,295,742
941,268
2,754
0
Three
23,844,480
259,565
65,262
2,070,457
With respect to Proposal Four (advisory vote on frequency of
say-on-pay vote), the measure received votes as indicated below:
Proposal
One Year
Two Year
Three Year
Abstain
Four
21,766,377
7,487
2,383,719
11,724
Item 8.01
Other Events
On June 8, 2020, American Vanguard Corporation issued a press release announcing the results of the voting at its 2020 Annual Meeting of Stockholders and
announcing that its board of directors has suspended the Companys quarterly cash dividend. The complete text of that release is linked hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1
Press release dated June 8, 2020 of Registrant regarding the results of its 2020 Annual Meeting of Stockholders and suspension of the quarterly cash dividend.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, American Vanguard Corporation has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
AMERICAN VANGUARD CORPORATION
Date: June 9, 2020
By:
/s/ Timothy J. Donnelly
Timothy J. Donnelly
Chief Administrative Officer, General Counsel & Secretary
Filing details
- Company
- AMERICAN VANGUARD CORP
- Ticker
- AVD
- CIK
- 5981
- Form type
- 8-K
- Filing date
- Jun 9, 2020
- Report date
- Jun 3, 2020
- Document
- d939097d8k.htm
- Size
- 43 KB