Business Context and Reporting Period
This Form 8-K filing by Evercore Partners Inc. reports on the results of the annual meeting of stockholders held on June 5, 2014. The filing details the outcomes of three specific matters submitted to a vote by security holders.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a report on corporate governance voting results.
Material Changes and Voting Results
The following matters were voted upon by stockholders:
- Election of Directors: All nominees were elected to the Board of Directors for one-year terms. Notable vote tabulations include:
- Curt Hessler: Received the highest support with 33,712,493 votes "For" and only 570,115 "Withheld".
- Richard I. Beattie: Received 11,609,821 votes "For" but faced significant opposition with 22,672,787 votes "Withheld".
- Broker Non-Votes: Consistently recorded at 3,174,143 across all director elections.
- Executive Compensation (Say-on-Pay): The non-binding advisory resolution to approve compensation for Named Executive Officers was approved.
- For: 32,723,223
- Against: 1,543,717
- Abstain: 15,668
- Ratification of Auditors: The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2014 was ratified.
- For: 35,907,675
- Against: 1,542,735
- Abstain: 6,341
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risks, contingencies, or unusual items. The document is limited to the tabulation of votes.
Key Facts for Investor Verification
- Verify the specific reasons for the high number of "Withheld" votes (22.6 million) for director nominee Richard I. Beattie compared to other nominees.
- Confirm the total number of shares outstanding to calculate the percentage of votes cast versus total equity.
- Note that broker non-votes were significant (3.1 million) for director elections but did not impact the outcome of the advisory compensation or auditor ratification votes.