Business Context and Reporting Period
This Form 8-K Current Report from Universal Technical Institute, Inc. covers the Annual Meeting of Stockholders held on February 28, 2019. The filing details the results of shareholder votes regarding director elections and the ratification of the independent auditor.
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 matters and does not contain financial performance data.
Material Changes
No material financial changes or operational updates are reported in this filing. The document serves to disclose the outcomes of specific shareholder votes.
Corporate Governance and Voting Results
Shareholders approved the election of three Class III Directors to serve three-year terms ending in 2022 and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending September 30, 2019.
| Proposal / Nominee | Affirmative Votes | Votes Against | Votes Withheld | Broker Non-Votes |
|---|---|---|---|---|
| Dr. Roderick R. Paige (Director) | 17,841,656 | 1,301,119 | 3,428 | 4,215,556 |
| Kenneth R. Trammell (Director) | 18,446,374 | 693,982 | 5,847 | 4,215,556 |
| John C. White (Director) | 18,314,322 | 829,728 | 2,153 | 4,215,556 |
| Ratification of Deloitte & Touche LLP | 23,301,951 | 57,363 | 2,445 | 0 |
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the percentage of votes cast for each director.
- Review the company's most recent 10-K or 10-Q for financial performance data, as this 8-K contains no financial metrics.
- Confirm the tenure of the newly elected directors (Class III) and their specific roles on the board.
- Check for any subsequent filings regarding the audit scope or fees for Deloitte & Touche LLP.