Business Context and Reporting Period
This Form 8-K filing by Commercial Metals Company (Delaware) reports on events occurring on January 30, 2014, specifically the results of the Company's Annual Meeting of Stockholders. The report was filed on February 5, 2014.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting. It does not provide financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The filing details the outcomes of three specific shareholder votes:
- Election of Directors: Three directors were elected to serve three-year terms expiring at the 2017 Annual Meeting.
- Appointment of Auditors: Shareholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending August 31, 2014.
- Executive Compensation: Shareholders approved, on an advisory non-binding basis, the compensation of named executive officers.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risk factors, or discussion of contingencies and unusual items. It is strictly a disclosure of voting results.
Key Facts for Investor Verification
- Director Election Results:
- Robert L. Guido: 105,670,493 votes for; 1,407,125 withheld.
- Sarah E. Raiss: 105,706,363 votes for; 1,371,255 withheld.
- J. David Smith: 106,416,121 votes for; 661,497 withheld.
- Auditor Ratification: 116,436,600 votes for; 1,067,406 against; 179,571 abstained.
- Executive Compensation Approval: 104,691,854 votes for; 2,179,143 against; 206,621 abstained.
- Broker Non-Votes: 10,605,959 broker non-votes were recorded for the director elections and executive compensation vote.