CDW Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the annual meeting of stockholders held by CDW Corporation on September 19, 2017, in Lincolnshire, Illinois. The filing details the voting outcomes for director elections, executive compensation advisory votes, and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes
No material financial changes are reported in this document. The primary events are the successful election of four Class I Directors and the approval of executive compensation policies.
Guidance, Outlook, and Management Commentary
Based on the advisory vote results, the Board of Directors determined that future advisory votes on named executive officer compensation will be held on an annual basis. The stockholders ratified Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2017.
Key Facts for Investor Verification
- Director Elections: Four Class I Directors (Steven W. Alesio, Barry K. Allen, David W. Nelms, Donna F. Zarcone) were elected with terms expiring at the 2020 Annual Meeting.
- Executive Compensation Vote: Stockholders approved the compensation of named executive officers with 127,223,121 votes for versus 2,271,149 against.
- Compensation Frequency: Stockholders voted for an annual frequency for future advisory votes on executive compensation (119,501,358 votes for 1 year).
- Auditor Ratification: Ernst & Young LLP was ratified as the independent auditor with 137,663,563 votes for versus 146,875 against.
- Broker Non-Votes: There were 8,315,239 broker non-votes recorded for the director elections and executive compensation votes.