Business Context and Reporting Period
This Form 8-K reports on the results of the 2012 Annual Meeting of Shareholders held by Global Payments Inc. on September 19, 2012, in Atlanta, Georgia. The report was filed on September 24, 2012.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is a corporate governance report detailing shareholder voting outcomes.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Election of Directors: Three Class III directors were elected to serve until the 2015 Annual Meeting.
- Alex W. Hart: 64,914,142 votes in favor; 4,446,215 withheld.
- William I. Jacobs: 65,082,469 votes in favor; 4,277,888 withheld.
- Alan M. Silberstein: 68,899,665 votes in favor; 460,692 withheld.
- Executive Compensation: Shareholders approved an advisory vote on the compensation of named executive officers with 66,235,639 votes in favor, 2,934,207 against, and 90,512 abstentions.
- Articles of Incorporation: Shareholders approved the Second Amended and Restated Articles of Incorporation with 69,280,155 votes in favor, 37,337 against, and 42,865 abstentions.
- Independent Accountants: Shareholders ratified the appointment of Deloitte & Touche LLP as independent public accountants for the year ended May 31, 2013, with 71,254,502 votes in favor, 2,696,992 against, and 6,986 abstentions.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation that the Second Amended and Restated Articles of Incorporation have been filed with the Georgia Secretary of State.
- Verification of the tenure of the newly elected Class III directors (Alex W. Hart, William I. Jacobs, and Alan M. Silberstein) through 2015.
- Confirmation that Deloitte & Touche LLP is serving as the independent auditor for the fiscal year ending May 31, 2013.