Business Context and Reporting Period
This Form 8-K filing by Molina Healthcare, Inc. reports on the results of the 2010 Annual Meeting of Stockholders held on May 4, 2010. The company is incorporated in Delaware and headquartered in Long Beach, California.
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 outcomes.
Material Changes and Voting Results
A total of 24,395,892 shares were voted at the meeting, representing 91.5% of the 26,654,275 shares outstanding as of the March 15, 2010 record date.
Proposal No. 1: Election of Class II Directors
| Director | Votes For | Votes Withheld | % of Votes For |
|---|---|---|---|
| Charles Z. Fedak | 22,972,546 | 683,352 | 86.2% |
| John C. Molina | 23,090,326 | 565,572 | 86.6% |
| Sally K. Richardson | 23,378,907 | 276,991 | 87.7% |
Proposal No. 2: Re-approval of Performance Goals for Section 162(m) Awards
- Votes For: 24,077,136 (90.3%)
- Votes Against: 272,927
- Abstentions: 45,829
- Broker Non-Votes: 0
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
- High shareholder participation rate of 91.5% at the annual meeting.
- All three Class II director nominees were elected with over 86% support.
- Shareholders approved the re-approval of performance goals for executive compensation awards with 90.3% support.
- No broker non-votes were recorded for the compensation proposal.