Business Context and Reporting Period
This Form 8-K filing by Entravision Communications Corporation reports on the results of its Annual Meeting of Stockholders held on May 28, 2020. The company is incorporated in Delaware and its Class A Common Stock trades on the New York Stock Exchange under the symbol EVC.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial performance data. There is no information provided in this document regarding revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes and Voting Results
The filing details the outcomes of two primary matters voted upon by stockholders. As of the record date (April 6, 2020), there were 59,815,198 shares of Class A and 14,927,613 shares of Class B outstanding. A quorum was established with 45,559,319 Class A and 14,927,613 Class B shares present.
1. Election of Directors
Stockholders elected all seven nominees to the Board of Directors. The voting results were as follows:
| Director Name | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Walter F. Ulloa | 191,778,419 | 3,057,030 | 0 |
| Paul A. Zevnik | 172,719,984 | 22,115,465 | 0 |
| Gilbert R. Vasquez | 159,782,931 | 35,052,518 | 0 |
| Patricia Diaz Dennis | 163,243,619 | 31,591,830 | 0 |
| Juan Saldivar von Wuthenau | 188,792,631 | 6,042,818 | 0 |
| Martha Elena Diaz | 171,620,343 | 23,215,106 | 0 |
| Fehmi Zeko | 186,767,671 | 8,067,778 | 0 |
2. Executive Compensation (Say-on-Pay)
Stockholders approved the non-binding advisory resolution regarding executive compensation.
- Votes For: 183,368,112
- Votes Against: 11,382,304
- Abstentions: 85,033
Guidance, Outlook, and Risks
This filing does not provide management commentary, financial guidance, outlook, or a discussion of risks and contingencies. It is strictly a report of the Annual Meeting voting results.
Key Facts for Investor Verification
- Board Composition: Verify the new tenure of the seven elected directors, noting that Gilbert R. Vasquez and Patricia Diaz Dennis received the highest percentage of withheld votes among the nominees.
- Shareholder Sentiment: Note that approximately 5.8% of votes were cast against the executive compensation proposal, indicating a minority dissent on pay practices.
- Quorum Status: Confirm that the meeting proceeded with a valid quorum, representing approximately 76% of Class A shares and 100% of Class B shares.
- Financial Data Absence: Investors seeking financial performance metrics (revenue, earnings, cash flow) must refer to the company's most recent 10-K or 10-Q filings, as this 8-K contains no such data.