Item 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, held on May 10, 2021, a total of 71,112,062 shares were represented in person or by valid proxy. The proposals presented at the Annual Meeting are described in detail in the 2021 Proxy Statement. At the Annual Meeting, the Company’s stockholders took the following actions:
Proposal 1: Election of Directors
Robert W. Alspaugh, Jan Carlson and James R. Ringler were each re-elected to the Company’s Board of Directors (the “Board”) for a three-year term until the 2024 annual meeting of stockholders. The votes cast were as follows:
Robert W. Alspaugh: 69,790,523 votes for, 37,895 votes against, 17,438 abstentions and 1,266,206 broker non-votes.
Jan Carlson: 55,796,653 votes for, 6,881,011 votes against, 7,168,192 abstentions and 1,266,206 broker non-votes.
James R. Ringler: 68,964,431 votes for, 865,246 votes against, 16,179 abstentions and 1,266,206 broker non-votes.
Proposal 2: Advisory Vote to Approve Executive Compensation
Stockholders of the Company approved, on a non-binding, advisory basis, a resolution approving the compensation of the Company’s named executive officers for fiscal year 2020. The votes cast were as follows:
52,748,285 votes for, 17,050,088 votes against, 47,483 abstentions and 1,266,206 broker non-votes.
Proposal 3: Approval of the Veoneer, Inc. 2021 Stock Incentive Plan
Stockholders of the Company approved the Veoneer, Inc. 2021 Stock Incentive Plan. The votes cast were as follows:
53,674,950 votes for, 16,131,810 votes against, 39,096 abstentions and 1,266,206 broker non-votes.
Proposal 4: Ratification of Appointment of Independent Auditors
Stockholders of the Company ratified the appointment of Ernst & Young AB as the Company’s independent registered public accounting firm for fiscal year ending December 31, 2021. The votes cast were as follows:
71,076,587 votes for, 16,661 votes against, 18,814 abstentions and 0 broker non-votes.
A copy of the press release dated May 10, 2021 regarding the results of the Annual Meeting is filed as Exhibit 99.1 to this report and is incorporated herein by reference.