Business Context and Reporting Period
This Form 8-K reports the results of the Annual Meeting of Stockholders for Cooper-Standard Holdings Inc., held on May 16, 2019. The filing details the voting outcomes for director elections, executive compensation, and the ratification of the independent auditor.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial performance data. Consequently, there are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
There are no material financial changes reported in this filing. The document solely reflects the administrative outcomes of the shareholder vote.
Guidance, Outlook, and Management Commentary
The filing contains no management guidance, outlook, or commentary on future operations. It confirms that Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2019.
Key Facts for Investor Verification
- Shareholder Participation: A total of 17,521,900 shares were eligible to vote at the meeting.
- Director Election Results: All nine nominees were elected to the Board of Directors. Notably, Thomas W. Sidlik received the highest number of "Against" votes (1,970,312) compared to other nominees.
- Executive Compensation: The advisory vote on Named Executive Officer Compensation was approved with 15,502,075 votes in favor and 470,060 against.
- Auditor Ratification: The appointment of Ernst & Young LLP was ratified with 16,481,348 votes in favor.
- Broker Non-Votes: There were 710,047 broker non-votes recorded for the director elections and the executive compensation vote.