Business Context and Reporting Period
This Form 8-K reports on the results of the 2019 annual meeting of stockholders for Artisan Partners Asset Management Inc., held on May 21, 2019. The filing details the outcomes of three specific matters submitted to a vote by security holders.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is a corporate governance report focused solely on voting results.
Material Changes and Voting Results
The following matters were submitted to a vote, with the results as follows:
- Election of Directors: All seven nominees were re-elected. Votes ranged from approximately 64.5 million to 65.9 million "For" votes, with "Withheld" votes ranging from approximately 634,000 to 2.0 million. There were 4,395,044 broker non-votes for each nominee.
- Advisory Vote on Executive Compensation: The proposal was approved. It received 42,878,947 "For" votes, 23,653,016 "Against" votes, and 54,183 "Abstain" votes. There were 4,395,044 broker non-votes.
- Ratification of Independent Auditors: The appointment was ratified. It received 68,897,461 "For" votes, 2,074,008 "Against" votes, and 9,721 "Abstain" votes.
Guidance, Outlook, and Risks
The filing does not provide management guidance, outlook, risk factors, or commentary on unusual items. For further details on the proposals, the filing references the Company's proxy statement dated April 4, 2019.
Investor Verification Checklist
- Verify the significant number of "Against" votes (23.6 million) on the executive compensation advisory vote relative to the "For" votes.
- Confirm the total number of shares entitled to vote by summing the "For," "Against," "Withheld," and "Abstain" counts for each proposal.
- Review the referenced proxy statement dated April 4, 2019, for context on the director nominees and executive compensation details.