Business Context and Reporting Period
This Form 8-K filing by GENESCO INC. reports on the results of the Annual Meeting of Shareholders held on June 28, 2018, at the company's headquarters in Nashville, Tennessee. The report was filed on July 2, 2018. A total of 19,952,037 shares were outstanding and entitled to vote.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting outcomes. It does not provide financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
There are no material financial changes reported in this document. The filing details the successful election of the board of directors and the approval of executive compensation and independent auditors.
Shareholder Voting Results and Governance
- Election of Directors: Shareholders elected all eleven nominees to the Board of Directors.
- Kevin P. McDermott received the highest support with 17,262,832 votes "For" and 125,350 "Withheld".
- Robert J. Dennis received the lowest support among nominees with 16,632,293 votes "For" and 755,889 "Withheld".
- All nominees received 1,297,007 Broker Non-Votes.
- Executive Compensation (Say-on-Pay): The non-binding advisory vote on executive compensation was approved.
- For: 16,364,198
- Against: 1,013,737
- Abstain: 10,273
- Ratification of Independent Accountants: Shareholders approved the appointment of Ernst & Young LLP as the independent registered public accounting firm.
- For: 18,194,444
- Against: 481,488
- Abstain: 9,283
Investor Verification Checklist
- Verify the full list of elected directors and their tenure terms in the proxy statement dated May 16, 2018.
- Review the "Against" vote count for the Say-on-Pay proposal (approx. 5.8% of votes cast) to gauge shareholder sentiment on executive compensation.
- Confirm the appointment of Ernst & Young LLP in subsequent financial filings.
- Note that this filing contains no financial performance data; refer to the most recent 10-K or 10-Q for financial metrics.