Orion Group Holdings Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the Annual Meeting of Stockholders held on May 24, 2018. The filing was submitted on May 30, 2018, by Orion Group Holdings, Inc., a Delaware corporation.
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 and voting outcomes.
Material Changes and Voting Results
A quorum was established with 26,015,979 of 28,088,826 shares outstanding represented. The following proposals were voted upon:
- Proposal 1 (Election of Directors): Two Class II directors were elected to serve three-year terms expiring in 2021.
- Richard L. Daerr, Jr.: Elected with 21,455,704 votes For, 1,759,154 Against, and 606,309 Abstentions.
- J. Michael Pearson: Elected with 18,912,593 votes For, 4,549,123 Against, and 359,451 Abstentions.
- Proposal 2 (Say-on-Pay): The non-binding advisory proposal for executive compensation was approved with 23,243,031 votes For, 512,716 Against, and 65,420 Abstentions.
- Proposal 3 (Auditor Ratification): The appointment of KPMG LLP as the independent registered public accounting firm for 2018 was ratified with 26,002,100 votes For, 9,490 Against, and 4,389 Abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items beyond the standard voting results.
Key Facts for Investor Verification
- Verify the total number of shares outstanding (28,088,826) and the quorum threshold met at the May 24, 2018 meeting.
- Confirm the terms of office for the newly elected Class II directors (Richard L. Daerr, Jr. and J. Michael Pearson) expire at the 2021 Annual Meeting.
- Note the significant number of broker non-votes (2,194,812) recorded for the director elections and say-on-pay proposal.
- Confirm KPMG LLP's role as the independent auditor for the 2018 fiscal year.