Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Ollie's Bargain Outlet Holdings, Inc. on June 13, 2018. The filing details the voting results for director elections, executive compensation advisory votes, and the ratification of the independent auditor.
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 outcomes.
Material Changes and Voting Results
- Director Elections: Stockholders approved the election of two Class III directors: Mark Butler and Thomas Hendrickson.
- Mark Butler: 43,105,640 votes for; 12,251,171 votes withheld.
- Thomas Hendrickson: 41,328,408 votes for; 14,028,403 votes withheld.
- Executive Compensation (Say-on-Pay): Stockholders approved the compensation of named executive officers on a non-binding advisory basis.
- Votes For: 42,099,351
- Votes Against: 13,240,838
- Abstain: 16,622
- Compensation Vote Frequency: Stockholders approved holding the advisory vote on executive compensation every one (1) year.
- Votes for 1 year: 54,961,574
- Votes for 2 years: 59,606
- Votes for 3 years: 300,013
- Auditor Ratification: Stockholders ratified the selection of KPMG LLP as the independent registered public accounting firm for the fiscal year ending February 2, 2019.
- Votes For: 57,708,048
- Votes Against: 384,520
- Abstain: 29,596
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The Board of Directors confirmed it will hold the advisory stockholder vote on executive compensation annually based on the voting results.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to contextualize the voting percentages.
- Confirm the specific terms of the Class III director tenure (until the 2021 annual meeting).
- Review the full proxy statement for details on the executive compensation package approved by shareholders.
- Check subsequent filings for the official appointment letter or engagement terms with KPMG LLP.