SAIA, INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by SAIA, INC. on May 2, 2019, regarding events occurring on April 30, 2019. The filing documents the results of the company's Annual Meeting of Stockholders held on that date.
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 matters and stockholder voting results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Proposal 1: Election of Directors
- John J. Holland: Elected (23,277,422 For; 964,848 Against)
- Frederick J. Holzgrefe, III: Elected (22,458,429 For; 1,776,833 Against)
- Richard D. O'Dell: Elected (23,963,441 For; 279,006 Against)
- These nominees were elected as Class II directors to serve until the 2022 Annual Meeting.
- Continuing Directors include Di-Ann Eisnor, William F. Evans, John P. Gainor, Jr., Randolph W. Melville, Björn E. Olsson, Herbert A. Trucksess, III, and Jeffrey C. Ward.
- Proposal 2: Advisory Vote on Executive Compensation
- Stockholders approved the compensation of Named Executive Officers on an advisory basis.
- Vote Count: 23,696,678 For; 477,960 Against; 71,935 Abstain.
- Proposal 3: Ratification of Independent Auditor
- Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for Fiscal Year 2019.
- Vote Count: 24,340,174 For; 444,756 Against; 3,128 Abstain.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the total number of shares entitled to vote at the April 30, 2019 Annual Meeting.
- Review the full Proxy Statement for detailed biographies of the newly elected directors and the specific executive compensation packages approved.
- Confirm the engagement letter terms with KPMG LLP for the 2019 fiscal year.
- Check subsequent filings for the official appointment of the newly elected directors to the Board.