Item 5.07
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Submission of Matters to a Vote of Security Holders.
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On November 14, 2016, ARC Group Worldwide, Inc. (the “Company”) held its annual meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, 16,407,552 shares were represented in person or by proxy from the 18,795,509 shares of the Company’s common stock issued, outstanding and entitled to vote as of the record date of September 26, 2016. The shares present in person or by proxy at the Annual Meeting represented 87.3% of the issued and outstanding shares and therefore constituted a quorum for the purpose of conducting the business of the meeting in accordance with the Company’s bylaws. The following votes were cast in person or by proxy at the Annual Meeting:
Proposal 1
For the nominations for the election of directors of the Company, the following sets forth the votes received:
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Nominees
for Directors
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For
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Withheld
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Broker Non-Votes*
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Alan G. Quasha
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13,712,540
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20,078
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2,674,934
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Jason T. Young
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13,713,715
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18,903
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2,674,934
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Gregory D. Wallis
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11,792,307
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1,940,311
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2,674,934
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Eddie W. Neely
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11,792,332
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1,940,286
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2,674,934
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Todd A. Grimm
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11,792,307
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1,940,311
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2,674,934
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*“Broker Non-Votes” are votes submitted by brokers who presents the shares for purposes of quorum but do not have authority to vote on behalf of the owners of such shares.
A plurality of all votes cast in person or by proxy at the Annual Meeting were cast to elect nominees Alan G. Quasha, Jason T. Young, Gregory D. Wallis, Eddie W. Neely and Todd A. Grimm to serve as Directors until the next Annual Meeting and until their respective successors have been duly elected and qualified.
Proposal 2
To grant advisory approval of the compensation of the Company’s Named Executive Officers. The following results were obtained with respect to Proposal 2:
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For
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Against
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Abstain
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Broker Non-Votes
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Total Shares
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13,701,859
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30,358
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401
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2,674,934
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There being a majority of all shares present and voting, in person or by proxy, at the Annual Meeting voting “For” the approval of the compensation of the Company’s Named Executive Officers, Proposal 2 was approved.
Proposal 3
To ratify the selection of Hein & Associates LLP to serve as our certified independent accountants for the year ending June 30, 2017. The following results were obtained with respect to Proposal 3:
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For
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Against
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Abstain
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Broker Non-Votes
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Total Shares
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16,398,912
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6,589
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2,051
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0
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There being a majority of all shares present and voting, in person or by proxy, at the Annual Meeting voting “For” the ratification of the selection of Hein & Associates LLP to serve as our certified independent accountants for the year ending June 30, 2017, Proposal 3 was approved.
Proposal 4
To approve the 2016 ARC Group Worldwide, Inc. Equity Incentive Plan. The following results were obtained with respect to Proposal 4:
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For
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Against
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Abstain
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Broker Non-Votes
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Total Shares
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11,741,874
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1,986,481
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4,263
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2,674,934
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There being a majority of all shares present and voting, in person or by proxy, at the Annual Meeting voting “For” approval of the 2016 ARC Group Worldwide, Inc. Equity Incentive Plan, Proposal 4 was approved.
No other business was taken at the Annual Meeting.