Orion Marine Group, 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 22, 2012. The registrant is Orion Marine Group, Inc., a Delaware corporation. A quorum was established with 25,130,237 of the 27,121,417 outstanding shares present or represented.
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 voting results.
Material Changes and Voting Results
Three proposals were submitted to a vote of security holders:
- Proposal 1 (Election of Directors): Two directors were elected to three-year terms expiring in 2015.
- Richard L. Daerr, Jr.: 20,428,527 votes For; 2,810,963 votes Against; 4,170 Abstentions.
- J. Michael Pearson: 23,091,442 votes For; 148,548 votes Against; 3,670 Abstentions.
- Proposal 2 (Executive Compensation): A non-binding advisory proposal regarding named executive officer compensation was approved.
- Votes For: 12,331,214
- Votes Against: 10,901,506
- Abstentions: 10,940
- Proposal 3 (Auditor Ratification): The appointment of Grant Thornton LLP as the independent registered public accounting firm for 2012 was ratified.
- Votes For: 25,123,777
- Votes Against: 6,103
- Abstentions: 357
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
- Verify the total number of shares outstanding (27,121,417) and the quorum threshold met at the May 22, 2012 meeting.
- Note the significant opposition to the executive compensation proposal, with over 10.9 million votes cast against it.
- Confirm the election of Richard L. Daerr, Jr. and J. Michael Pearson to the Board of Directors.
- Verify the ratification of Grant Thornton LLP as the independent auditor for the 2012 fiscal year.