Ollie's Bargain Outlet Holdings, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Ollie's Bargain Outlet Holdings, Inc. on June 21, 2016, regarding events occurring on June 16, 2016. The filing documents the results of the Company's Annual Meeting of Stockholders.
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 and Voting Results
The Annual Meeting addressed two primary matters:
- Election of Directors: Two Class I directors were elected to serve until the 2019 annual meeting. Both nominees received identical voting results:
- Douglas Cahill: 48,990,830 votes For; 7,782,047 votes Withheld; 1,326,415 Broker Non-Votes.
- Joseph Scharfenberger: 48,990,830 votes For; 7,782,047 votes Withheld; 1,326,415 Broker Non-Votes.
- Ratification of Auditors: The selection of KPMG LLP as the independent registered public accounting firm for the year ending January 28, 2017, was approved.
- Votes For: 57,985,268
- Votes Against: 9,032
- Votes Abstain: 104,992
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation that KPMG LLP is the appointed auditor for the fiscal year ending January 28, 2017.
- Verification of the tenure for the newly elected Class I directors (Douglas Cahill and Joseph Scharfenberger) through the 2019 annual meeting.
- Review of the significant number of broker non-votes (1,326,415) regarding the director elections.