Business Context and Reporting Period
This Form 8-K reports on the results of the 2024 Annual Meeting of Shareholders for Willamette Valley Vineyards, Inc., held virtually on July 13, 2024. The meeting was conducted from Turner, Oregon, with a quorum established by 2,600,869 shares of Common Stock, representing approximately 52.4% of eligible voting shares.
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
Proposal 1: Election of Directors
All nominees were elected to serve until the 2027 Annual Meeting. The voting results were as follows:
- Craig Smith: 88.37% For (1,415,364 votes), 11.63% Withheld (186,287 votes).
- Stan Turel: 86.26% For (1,381,618 votes), 13.74% Withheld (220,033 votes).
- Sarah Rose: 84.86% For (1,359,170 votes), 15.14% Withheld (242,481 votes).
Proposal 2: Ratification of Independent Auditors
Shareholders ratified the appointment of Moss Adams LLP as independent auditors for the 2024 fiscal year.
- For: 97.89% (2,546,096 votes).
- Against: 0.65% (16,887 votes).
- Abstain: 1.46% (37,886 votes).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the final term end dates for the newly elected directors (2027).
- Confirm the appointment of Moss Adams LLP as the independent auditor for the 2024 fiscal year.
- Note the percentage of votes withheld for each director nominee, which ranged from 11.63% to 15.14%.
- Review the full proxy statement for detailed management discussion not included in this 8-K summary.