FLANIGANS ENTERPRISES INC - 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the Annual Meeting of Shareholders held on February 25, 2022. The filing was submitted on March 2, 2022, by Flanigan's Enterprises, Inc., a Florida corporation trading on the NYSE American under the symbol BDL.
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 and shareholder voting outcomes.
Material Changes and Voting Results
At the Annual Meeting, 1,119,859 shares were represented out of 1,858,647 outstanding shares, constituting a 60.25% quorum. Two proposals were voted upon:
- Proposal 1 (Election of Directors): All three nominees submitted for election were approved.
- Mary E. Bennett: Received 1,109,561 votes "For" and 10,298 "Withheld".
- Jeffrey D. Kastner: Received 1,009,825 votes "For" and 110,034 "Withheld".
- Michael B. Flanigan: Received 1,006,460 votes "For" and 113,399 "Withheld".
- Proposal 2 (Executive Compensation): The advisory vote on executive compensation was approved with 932,540 votes "For" and 186,314 votes "Against".
The terms of office for James G. Flanigan, August Bucci, Patrick J. Flanigan, Christopher O'Neil, Christopher J. Nelms, and John P. Foster continued after the meeting.
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 outstanding (1,858,647) and the quorum percentage (60.25%) to confirm meeting validity.
- Review the specific "Withhold" vote counts for directors Jeffrey D. Kastner and Michael B. Flanigan, which were significantly higher than for Mary E. Bennett.
- Confirm the advisory nature of the executive compensation vote (Proposal 2) and the margin of approval.
- Check subsequent filings for the official appointment dates of the newly elected directors serving until the 2025 Annual Meeting.