Business Context and Reporting Period
This Form 8-K filing by CARMAX, INC. reports on the results of the 2010 Annual Meeting of Shareholders held on June 28, 2010. The filing serves as a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is limited to reporting corporate governance actions and shareholder voting results.
Material Changes
No material financial changes or operational updates are disclosed in this filing. The primary content relates to the ratification of corporate governance decisions by the shareholder body.
Guidance, Outlook, and Management Commentary
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of unusual items. It strictly details the outcomes of shareholder votes.
Important Facts for Investors
- Director Re-election: Shareholders re-elected Ronald E. Blaylock, Keith D. Browning, and Thomas G. Stemberg to the Board of Directors for three-year terms expiring in 2013.
- Voting Results:
- Ronald E. Blaylock: 182,641,875 votes for; 409,595 votes withheld.
- Keith D. Browning: 176,939,915 votes for; 6,111,555 votes withheld.
- Thomas G. Stemberg: 182,681,878 votes for; 369,592 votes withheld.
- Broker Non-votes: 17,118,020 broker non-votes were recorded for each director.
- Auditor Ratification: Shareholders ratified the selection of KPMG LLP as the independent registered public accounting firm for fiscal year 2011.
- Auditor Vote Breakdown: 198,940,887 shares for, 1,177,491 shares against, and 51,112 shares abstaining.