UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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 |
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Nancy Fletcher |
218,429,484 |
513,583 |
7,208,140 |
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John E. Koerner, III |
213,301,846 |
5,641,221 |
7,208,140 |
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Marshall A. Loeb |
218,441,846 |
501,221 |
7,208,140 |
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Stephen P. Mumblow |
214,387,865 |
4,555,202 |
7,208,140 |
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Thomas V. Reifenheiser |
214,339,410 |
4,603,657 |
7,208,140 |
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Anna Reilly |
214,924,555 |
4,018,512 |
7,208,140 |
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Kevin P. Reilly, Jr. |
215,326,171 |
3,616,896 |
7,208,140 |
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Wendell Reilly |
157,618,869 |
61,324,198 |
7,208,140 |
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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 |