Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders for Chesapeake Utilities Corporation, held on May 2, 2012. As of the record date (March 15, 2012), there were 9,577,542 shares of common stock outstanding.
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 voting results.
Material Changes and Voting Results
The stockholders voted on the following matters:
- Election of Directors: Four nominees were elected as Class I directors for a three-year term ending in 2015. All nominees received majority support.
- Ratification of Auditors: Stockholders ratified the appointment of ParenteBeard LLC as the independent registered public accounting firm for the fiscal year ending December 31, 2012.
| Director Nominee | Votes For | Votes Withheld |
|---|---|---|
| Eugene H. Bayard | 6,493,287 | 326,142 |
| Thomas P. Hill, Jr. | 6,498,532 | 320,897 |
| Dennis S. Hudson, III | 6,476,968 | 342,461 |
| Calvert A. Morgan, Jr. | 6,428,337 | 391,092 |
Auditor Ratification Vote: 8,700,237 affirmative, 69,333 negative, and 46,133 abstentions. There were no broker non-votes for this matter.
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
- Confirmation of the four newly elected Class I directors serving until 2015.
- Verification of ParenteBeard LLC's role as the independent auditor for fiscal year 2012.
- Review of the 1,996,274 broker non-votes recorded for the director elections.