8-K
LAMAR ADVERTISING CO/NEW NASDAQ false 0001090425 0001090425 2020-05-28 2020-05-28

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 28, 2020

 

LAMAR ADVERTISING COMPANY

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-36756

 

72-1449411

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

5321 Corporate Blvd.

Baton Rouge, Louisiana 70808

(Address of Principal Executive Offices) (Zip Code)

(225) 926-1000

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Class A common stock, $0.001 par value

 

LAMR

 

The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

On May 28, 2020, Lamar Advertising Company (the “Company”) held its 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”). Only stockholders of record as of the close of business on March 30, 2020 were entitled to vote at the 2020 Annual Meeting. As of March 30, 2020, 86,293,053 shares of Class A Common Stock, 14,420,085 shares of Class B Common Stock, and 5,719.49 shares of Series AA Preferred Stock were outstanding and entitled to vote at the 2020 Annual Meeting. With respect to the matters submitted for vote at the 2020 Annual Meeting, each share of Class A Common Stock is entitled to one vote, each share of Class B Common Stock is entitled to ten votes, and each share of Series AA Preferred Stock is entitled to one vote. At the 2020 Annual Meeting, 81,944,938 shares of Class A Common Stock, all shares of Class B Common Stock, and 5,319.49 shares of Series AA Preferred Stock of the Company were represented, in person or by proxy, constituting a quorum for the meeting.

The following three proposals, each of which is described in detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 17, 2020, were before the meeting, and they received the following votes:

Proposal 1: Election of Nine Directors to Serve until the 2021 Annual Meeting. The following individuals were elected to serve as directors of the Company:

Name of Director Nominees

 

For

   

Withheld

   

Broker Non-Votes

 

Nancy Fletcher

   

218,429,484

     

513,583

     

7,208,140

 

John E. Koerner, III

   

213,301,846

     

5,641,221

     

7,208,140

 

Marshall A. Loeb

   

218,441,846

     

501,221

     

7,208,140

 

Stephen P. Mumblow

   

214,387,865

     

4,555,202

     

7,208,140

 

Thomas V. Reifenheiser

   

214,339,410

     

4,603,657

     

7,208,140

 

Anna Reilly

   

214,924,555

     

4,018,512

     

7,208,140

 

Kevin P. Reilly, Jr.

   

215,326,171

     

3,616,896

     

7,208,140

 

Wendell Reilly

   

157,618,869

     

61,324,198

     

7,208,140

 

Elizabeth Thompson

   

218,241,297

     

701,770

     

7,208,140

 


Proposal 2: Approval, on an advisory and non-binding basis, of the compensation of the Company’s named executive officers. The stockholders approved, on a non-binding advisory basis, the executive compensation as disclosed in the Proxy.

For

 

Against

 

Abstain

 

Broker Non-Votes

217,352,381

 

1,330,787

 

259,899

 

7,208,140

Proposal 3: Ratification of the appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the 2020 Fiscal Year. The stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020.

For

 

Against

 

Abstain

 

Broker Non-Votes

223,679,255

 

2,303,661

 

168,291

 

0


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 3, 2020

 

 

LAMAR ADVERTISING COMPANY

             

 

 

By:

 

/s/ Jay L. Johnson

 

 

 

Jay L. Johnson

 

 

 

EVP, Chief Financial Officer and Treasurer