ELKHART, Ind., Dec. 9, 2016 /PRNewswire/ -- Thor Industries,
Inc. (NYSE:THO) today announced the results of voting at its annual
meeting of shareholders held on December
9, 2016. At the meeting, approximately 90.5% of the
eligible votes were cast in person or by proxy for the election of
three directors, the ratification of Thor's Independent Registered
Public Accounting Firm, the advisory vote on executive
compensation, and the approval of the Thor Industries, Inc. 2016
Equity and Incentive Plan. Based on the votes cast, all of
the directors up for election were elected and all of the proposals
passed.
On Proposal 1, approximately 96.2% of shares voted were for the
election of Peter B. Orthwein as
director, approximately 99.3% of shares voted were for the election
of James L. Ziemer as director, and
approximately 98.9% of shares voted were for the election of
Robert W. Martin as director.
On Proposal 2, the ratification of Deloitte & Touche LLP as
Thor's Independent Registered Public Accounting Firm, approximately
98.2% of votes cast were for the proposal. On Proposal 3, the
advisory vote to approve the compensation of Thor's named executive
officers, approximately 96.6% of votes cast were for the
proposal. On Proposal 4, the approval of the Thor Industries,
Inc. 2016 Equity and Incentive Plan, approximately 94.0% of votes
cast were for the proposal.
About Thor Industries, Inc.
Thor is the sole owner of
operating subsidiaries that, combined, represent one of the world's
largest manufacturers of recreational vehicles. For more
information on the Company and its products, please go to
www.thorindustries.com.
This release includes certain statements that are "forward
looking" statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act").
These forward looking statements are made based on management's
current expectations and beliefs regarding future and anticipated
developments and their effects upon Thor Industries, Inc., and
inherently involve uncertainties and risks. These forward looking
statements are not a guarantee of future performance. We cannot
assure you that actual results will not differ from our
expectations. Factors which could cause materially different
results include, among others, raw material and commodity price
fluctuations, material or chassis supply restrictions, legislative
and regulatory developments, the impact of rising interest rates on
our operating results, the costs of compliance with increased
governmental regulation, legal and compliance issues including
those that may arise in conjunction with recent transactions, the
potential impact of increased tax burdens on our dealers and retail
consumers, lower consumer confidence and the level of discretionary
consumer spending, interest rate fluctuations and the potential
economic impact of rising interest rates, restrictive lending
practices, management changes, the success of new product
introductions, the pace of obtaining and producing at new
production facilities, the pace of acquisitions, the potential loss
of existing customers of acquisitions, the integration of new
acquisitions, our ability to retain key management personnel of
acquired companies, the loss or reduction of sales to key dealers,
the availability of delivery personnel, asset impairment charges,
cost structure changes, competition, the impact of potential losses
under repurchase agreements, the potential impact of the
strengthening U.S. dollar on international demand, general
economic, market and political conditions and the other risks and
uncertainties discussed more fully in ITEM 1A of our Annual Report
on Form 10-K for the year ended July 31,
2016 and Part II, Item 1A of our quarterly report on Form
10-Q for the period ending October 31,
2016.
We disclaim any obligation or undertaking to disseminate any
updates or revisions to any forward looking statements contained in
this listing of questions and answers or to reflect any change in
our expectations after the date of this listing or any change in
events, conditions or circumstances on which any statement is
based, except as required by law.
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SOURCE Thor Industries, Inc.