Business Context and Reporting Period
This Form 8-K filing by Green Plains Renewable Energy, Inc. reports on the results of the 2013 Annual Meeting of Shareholders held on May 8, 2013. The company is incorporated in Iowa and maintains its principal executive offices in Omaha, Nebraska.
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 shareholder voting results.
Material Changes and Voting Results
Two primary proposals were voted upon at the Annual Meeting:
- Election of Directors: All three nominees were elected to serve three-year terms expiring at the 2016 annual meeting.
- James Crowley: 17,218,018 votes For; 3,057,411 votes Withheld.
- Gordon Glade: 18,094,454 votes For; 2,180,975 votes Withheld.
- Gary Parker: 16,634,939 votes For; 3,640,490 votes Withheld.
- Equity Incentive Plan Amendment: Shareholders approved an amendment to the 2009 Equity Incentive Plan. The amendment removes certain repricing rights, increases the aggregate number of shares available for issuance from 2,500,000 to 3,000,000, and limits situations where shares are added back to the Plan.
- Votes For: 17,415,540
- Votes Against: 2,749,835
- Abstain: 110,054
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
- Confirmation that the 2009 Equity Incentive Plan share pool has officially increased to 3,000,000 shares.
- Verification of the removal of repricing rights within the amended Equity Incentive Plan.
- Confirmation of the three-year terms for the newly elected directors (James Crowley, Gordon Glade, and Gary Parker).