El Pollo Loco Holdings, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2016 Annual Meeting of Stockholders held by El Pollo Loco Holdings, Inc. on June 7, 2016. The report was filed on June 10, 2016.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
As of the record date (April 15, 2016), 38,304,593 shares were outstanding. 35,365,123 shares (92%) were present, constituting a quorum.
Proposal 1: Election of Directors
Stockholders elected three Class II director nominees to serve until the 2019 annual meeting.
| Nominee | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Dean C. Kehler | 22,405,046 | 2,659,745 | 10,300,332 |
| Douglas K. Ammerman | 21,620,942 | 3,443,849 | 10,300,332 |
| William R. Floyd | 24,832,840 | 231,951 | 10,300,332 |
Proposal 2: Ratification of Accountant
Stockholders ratified the appointment of BDO USA, LLP as the independent registered public accounting firm for 2016.
| Votes For | Votes Against | Abstentions |
|---|---|---|
| 34,450,383 | 551,893 | 362,847 |
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
- 92% shareholder participation rate at the 2016 annual meeting.
- All three director nominees were elected, though Douglas K. Ammerman received the highest number of withheld votes among the nominees.
- BDO USA, LLP was ratified as the independent auditor for 2016 with over 98% of votes cast in favor.
- Significant broker non-votes (10,300,332) were recorded for the director election, indicating shares held by brokers that did not receive voting instructions.