Document
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): November 17, 2016
BROADRIDGE FINANCIAL SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
|
| |
| |
001-33220 | 33-1151291 |
(Commission file number) | (I.R.S. Employer Identification No.) |
5 Dakota Drive
Lake Success, New York 11042
(Address of principal executive offices)
Registrant’s telephone number, including area code: (516) 472-5400
N/A
(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:
| |
[ ] | 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 5.07. | Submission of Matters to a Vote of Security Holders. |
On November 17, 2016, Broadridge Financial Solutions, Inc. (“Broadridge” or the “Company”) held its 2016 Annual Meeting of Stockholders. At the 2016 Annual Meeting, stockholders approved all of management’s proposals, which were:
| |
1. | The election of nine directors for terms of one year and until their successors are elected and qualified; |
| |
2. | The advisory vote on the Company’s executive compensation (the Say on Pay Vote); and |
| |
3. | The ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm to conduct the annual audit of the financial statements of the Company and its subsidiaries for the fiscal year ending June 30, 2017. |
Proposal 1: Election of Directors. The following table reflects the tabulation of the votes with respect to each director who was elected at the 2016 Annual Meeting:
|
| | | | | | | | | | | | |
| | FOR | | AGAINST | | ABSTAIN | | Broker Non Votes |
| | | | | | | | |
Leslie A. Brun | | 94,763,185 |
| | 1,082,693 |
| | 377,947 |
| | 10,722,428 |
|
Richard J. Daly | | 95,930,513 |
| | 153,691 |
| | 139,621 |
| | 10,722,428 |
|
Robert N. Duelks | | 95,922,523 |
| | 143,253 |
| | 158,049 |
| | 10,722,428 |
|
Richard J. Haviland | | 95,594,489 |
| | 475,126 |
| | 154,210 |
| | 10,722,428 |
|
Brett A. Keller | | 95,947,172 |
| | 118,464 |
| | 158,189 |
| | 10,722,428 |
|
Stuart R. Levine | | 95,805,662 |
| | 265,491 |
| | 152,672 |
| | 10,722,428 |
|
Maura A. Markus | | 95,950,205 |
| | 119,838 |
| | 153,782 |
| | 10,722,428 |
|
Thomas J. Perna | | 95,929,331 |
| | 134,496 |
| | 159,998 |
| | 10,722,428 |
|
Alan J. Weber | | 95,319,149 |
| | 746,402 |
| | 158,274 |
| | 10,722,428 |
|
Proposal 2: Advisory Vote on the Company’s Executive Compensation (the Say on Pay Vote). The approval, on an advisory basis, of the Company’s executive compensation was approved by the stockholders. The stockholders cast 91,573,943 votes in favor of this proposal and 4,360,955 votes against. There were 288,927 abstentions and 10,722,428 broker non-votes.
Proposal 3: Ratification of Appointment of Auditors. The ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm to conduct the annual audit of the financial statements of the Company and its subsidiaries for the fiscal year ending June 30, 2017, was approved by the stockholders. The stockholders cast 105,673,422 votes in favor of this proposal and 1,118,810 votes against. There were 154,021 abstentions.
| |
Item 7.01. | Regulation FD Disclosure. |
The Company is furnishing the transcript of the Company’s 2016 Annual Meeting of Stockholders held on November 17, 2016.
In certain circumstances, results in this transcript have been presented on an adjusted basis and are not generally accepted accounting principles measures (“Non-GAAP”). These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Company's reported results. The reconciliations of any Non-GAAP measures included in this transcript to their most directly comparable GAAP measures were included in the Company’s press release and Earnings Webcast & Conference Call Presentation dated August 9, 2016 for the fiscal year ended June 30, 2016, and in the Company’s press release and Earnings Webcast & Conference Call Presentation dated November 9, 2016 for the first quarter ended September 30, 2016, which were included as Exhibits 99.1 and 99.2 to the Company’s Forms 8-K filed with the Securities and Exchange Commission, dated August 9, 2016 and November 9, 2016, respectively, and are also available under the “Investor Relations” section of the Company’s website at www.broadridge-ir.com.
The information furnished pursuant to Items 7.01 and 9.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
Forward-Looking Statements
This current report on Form 8-K and other written or oral statements made from time to time by representatives of Broadridge may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words such as “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be” and other words of similar meaning, are forward-looking statements. In particular, statements about Broadridge’s future financial performance are forward-looking statements. These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended June 30, 2016 (the “2016 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this 8-K and are expressly qualified in their entirety by reference to the factors discussed in the 2016 Annual Report.
These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; Broadridge’s reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge’s services with favorable pricing terms; changes in laws and regulations affecting Broadridge’s clients or the investor communication services provided by Broadridge; any material breach of Broadridge security affecting its clients’ customer information; declines in participation and activity in the securities markets; the failure of Broadridge’s outsourced data center services provider to provide the anticipated levels of service; a disaster or other significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services; overall market and economic conditions and their impact on the securities markets; Broadridge’s failure to keep pace with changes in technology and demands of its clients; Broadridge’s ability to attract and retain key personnel; the impact of new acquisitions and
divestitures; and competitive conditions. Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.
Item 9.01. Financial Statements and Exhibits.
Exhibits. The following exhibit is furnished herewith:
|
| | |
Exhibit No. | | Description |
99.1 | | Transcript of the 2016 Broadridge Financial Solutions, Inc. Annual Meeting of Stockholders. |
SIGNATURES
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.
Dated: November 17, 2016
|
| |
| BROADRIDGE FINANCIAL SOLUTIONS, INC. By: /s/ Adam D. Amsterdam Name: Adam D. Amsterdam Title: Vice President, General Counsel |