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): April 11, 2011
OTTER TAIL CORPORATION
(Exact name of registrant as specified in its charter)
| Minnesota | 0-53713 | 27-0383995 |
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(I.R.S. Employer
Identification No.)
|
| 215 South Cascade Street, P.O. Box 496, Fergus Falls, MN | 56538-0496 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (866) 410-8780
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.07. Submission of Matters to a Vote of Security Holders.
Otter Tail Corporation (the Company) held its Annual Shareholder Meeting on April 11, 2011. A total of 36,002,739 shares of the Company’s common stock were entitled to vote as of February 15, 2011 the record date of which 30,168,274 were voted in person or by proxy at the Annual Meeting. The matters voted upon and approved by the Company’s shareholders were:
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(1)
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the election of three members to the Board of Directors;
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(2)
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the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2011;
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(3)
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the advisory vote approving the compensation provided to executive officers; and
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(4)
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the advisory vote on interval for the advisory vote on executive compensation.
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The following is a summary of the voting results for each matter presented to the shareholders:
Election of Directors:
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Director’s Name
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Votes For
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Votes Withheld
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Broker Non-Votes
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John D. Erickson
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19,181,305
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1,070,212
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9,916,757
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Nathan I. Partain
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19,000,909
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1,250,608
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9,916,757
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James B. Stake
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19,512,406
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739,111
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9,916,757
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All three directors were re-elected to serve three year terms expiring at the time of the 2014 Annual Shareholder Meeting.
Ratification of the Appointment of Deloitte & Touche LLP:
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Votes For
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Votes Against
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Votes Abstained
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Broker Non-Votes
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29,189,769
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720,367
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258,138
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-
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Advisory Vote Approving the Compensation Provided to Executive Officers:
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Votes For
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Votes Against
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Votes Abstained
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Broker Non-Votes
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17,001,537
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1,603,663
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1,646,317
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9,916,757
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Advisory Vote on Interval for the Advisory Vote on Executive Compensation:
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Three Years
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Two Years
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One Year
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||
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Votes For
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Votes For
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Votes For
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Votes Abstained
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Broker Non-Votes
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9,584,252
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701,271
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8,332,450
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1,633,544
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9,916,757
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The Board of Directors has discussed these results and presently intends to hold a non-binding advisory vote on the executive compensation of its named executive officers every three years consistent with this year’s shareholder vote.
Signature
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, thereunto duly authorized.
| OTTER TAIL CORPORATION | ||||
| Date: April 15, 2011 | ||||
| By | /s/ George A. Koeck | |||
| George A. Koeck | ||||
| General Counsel & Corporate Secretary | ||||