Orion Group Holdings Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the Annual Meeting of Stockholders held on May 20, 2021. Orion Group Holdings Inc. (NYSE: ORN) is a Delaware corporation headquartered in Houston, Texas.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data.
Material Changes and Voting Results
A total of 24,341,517 shares were represented at the meeting, constituting a quorum out of 29,701,525 shares outstanding. The following proposals were voted upon:
- Proposal 1: Election of Class II Directors
- Michael J. Caliel: Elected with 17,690,552 votes For, 556,430 Against, and 345,272 Abstentions.
- Richard L. Daerr, Jr.: Elected with 17,011,339 votes For, 1,236,143 Against, and 344,772 Abstentions.
- Proposal 2: Say-on-Pay
- Shareholders approved the non-binding advisory proposal on executive compensation with 17,713,811 votes For, 565,260 Against, and 313,183 Abstentions.
- Proposal 3: Ratification of Auditors
- Shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for 2021 with 24,062,281 votes For, 26,901 Against, and 252,335 Abstentions.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors beyond the standard disclosure of voting results.
Key Facts for Investor Verification
- Verify the official election of Michael J. Caliel and Richard L. Daerr, Jr. to the Board of Directors.
- Confirm the ratification of KPMG LLP as the independent auditor for the 2021 fiscal year.
- Note the significant number of broker non-votes (5,749,263) recorded for the director elections and say-on-pay proposal.
- Review the 2021 Proxy Statement for detailed executive compensation data referenced in Proposal 2.