Business Context and Reporting Period
This Form 8-K filing by DUCOMMUN INCORPORATED reports on the 2014 Annual Meeting of Shareholders held on May 7, 2014. The company is incorporated in Delaware with principal executive offices in Carson, California.
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
No material financial changes were reported in this filing. The primary events were the approval of director elections, executive compensation, and the ratification of independent accountants.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of risks and contingencies. It strictly documents the outcomes of shareholder votes.
Shareholder Vote Results
| Matter | For | Against/Withheld | Abstain |
|---|---|---|---|
| Election of Richard A. Baldridge (Director) | 7,536,058 | 375,673 (Withheld) | N/A |
| Election of Joseph C. Berenato (Director) | 6,862,244 | 1,049,487 (Withheld) | N/A |
| Election of Robert D. Paulson (Director) | 6,928,896 | 982,835 (Withheld) | N/A |
| Advisory Resolution on Executive Compensation | 6,870,235 | 748,846 | 292,650 |
| Ratification of PricewaterhouseCoopers LLP (Auditor) | 9,774,426 | 32,494 | 17,704 |
Important Facts for Investors to Verify
- Three directors (Baldridge, Berenato, Paulson) were elected to three-year terms expiring in 2017.
- Shareholders approved the advisory resolution on named executive compensation.
- PricewaterhouseCoopers LLP was ratified as the independent accountant for the fiscal year ending December 31, 2014.
- Significant "withheld" votes occurred for the election of Joseph C. Berenato and Robert D. Paulson, exceeding 1 million votes each.