Item 5.07
Submission of Matters to a Vote of Security Holders.
The annual meeting of the stockholders of Primoris, was held on May 5, 2017. The total number of shares of the Companys common stock issued, outstanding and entitled to vote at the meeting was 51,437,305 shares. Represented at the meeting either in person or by proxy were 45,930,200 shares, or 89.3% of shares entitled to vote. The results of the votes for the proposals were as follows:
Proposal 1
To elect three Class C directors to hold office for a three-year term expiring at the annual meeting of stockholders to be held in 2020 or until their respective successors are elected and qualified.
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Robert A. Tinstman
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Votes For 41,046,801; votes Withheld 2,272,226; Broker Non-Votes 2,611,173
·
David L. King
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Votes For 31,571,040; votes Withheld 11,747,987; Broker Non-Votes 2,611,173
·
John P. Schauerman
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Votes For 26,478,060; votes Withheld 16,840,967; Broker Non-Votes 2,611,173
In addition to the directors elected above, the following directors term of office continued after the meeting until subsequent annual meetings of the stockholders:
Class A Directors with terms expiring at the 2018 annual meeting of stockholders:
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Brian Pratt
·
Thomas E. Tucker
·
Peter C. Brown
Class B: Directors with terms expiring at the 2019 annual meeting of stockholders:
·
Stephen C. Cook
·
Peter J. Moerbeek
Proposal 2
To provide a non-binding advisory vote approving the Companys executive compensation program.
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Votes For 42,409,983
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Votes Against 859,413
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Votes Abstain 49,631
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Broker Non-votes 2,611,173
Proposal 3
To provide a non-binding advisory vote on the proposed timeline for seeking executive compensation advisory votes in the future.
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Votes Three Years 23,082,151
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Votes Two Years 10,110
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Votes One Year 20,210,780
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Votes Abstain 15,986
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Broker Non-votes 2,611,173
At a meeting held subsequent to the 2017 Annual Meeting of the Stockholders on May 5, 2017, the Board of Directors voted to adopt the results of the advisory vote for Proposal 3. The Company will provide the advisory vote for approving the Companys executive compensation program every three years.
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