FTAI Aviation Ltd. (Fortress Transportation and Infrastructure Investors LLC) 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2018 Annual Meeting of Shareholders held on June 1, 2018. The registrant is Fortress Transportation and Infrastructure Investors LLC, a Delaware limited liability company.
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
Shareholders voted on two primary matters:
- Election of Directors: Two Class III directors were elected to serve until the 2021 Annual Meeting.
- Kenneth J. Nicholson: 38,141,644 votes for; 4,861,679 votes withheld; 15,983,437 broker non-votes.
- A. Andrew Levison: 40,702,034 votes for; 2,301,289 votes withheld; 15,983,437 broker non-votes.
- Ratification of Auditors: Shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2018.
- Votes For: 58,872,206
- Votes Against: 102,722
- Abstentions: 11,832
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the disclosure of shareholder vote tallies.
Investor Verification Checklist
- Verify the tenure of the newly elected Class III directors (through 2021).
- Confirm the appointment of Ernst & Young LLP as the auditor for the fiscal year ending December 31, 2018.
- Note the significant number of broker non-votes (15,983,437) regarding the director election, indicating shares held in street name without specific instructions.