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
_______________________
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Date of Report
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(Date of earliest
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event reported):
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May 4, 2011
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Journal Communications, Inc.
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(Exact name of registrant as specified in its charter)
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Wisconsin
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1-31805
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20-0020198
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(State or other
jurisdiction of
incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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333 West State Street, Milwaukee, Wisconsin 53203
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(Address of principal executive offices, including zip code)
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(414) 224-2000
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(Registrant’s telephone number)
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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))
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Item 5.07.
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Submission of Matters to a Vote of Security Holders.
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On May 4, 2011, Journal Communications, Inc. (the “Company”) held its 2011 annual meeting of shareholders (the “Annual Meeting”). At the Annual Meeting, the Company’s shareholders voted on the following proposals:
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(a)
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The election of three Class II directors, Steven J. Smith, Mary Ellen Stanek and Owen Sullivan, to the Company’s Board of Directors for a three-year term to expire at the Company’s 2014 annual meeting of shareholders;
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(b)
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A non-binding resolution to approve the compensation of the Company’s named executive officers as disclosed in the proxy statement;
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(c)
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A non-binding preference as to how frequently shareholders will vote on a non-binding resolution to approve the compensation of the Company’s named executive officers in future years; and
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(d)
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The ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 25, 2011.
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As of the February 25, 2011 record date for the determination of the shareholders entitled to notice of, and to vote at, the Annual Meeting, 43,313,362 shares of the Company’s class A common stock were outstanding and eligible to vote with an aggregate of 43,313,362 votes; 8,711,636.684 shares of the Company’s class B common stock were outstanding and eligible to vote with an aggregate of 87,116,366.84 votes; and 3,264,000 shares of the Company’s class C common stock were outstanding and eligible to vote with an aggregate of 6,528,000 votes. Approximately 73.5% of all votes were represented at the Annual Meeting in person or by proxy. The following are the final votes on the matters presented for shareholder approval at the Annual Meeting:
Election of Directors
The shareholders elected Steven J. Smith, Mary Ellen Stanek and Owen Sullivan as Class II directors for a three-year term to expire at the Company’s 2014 annual meeting of shareholders. The results of the votes were as follows:
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Nominee
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Votes For
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Votes Withheld
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Broker Non-Votes
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Steven J. Smith
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86,574,434.544
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6,479,686
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7,615,299
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Mary Ellen Stanek
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85,836,844.544
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7,217,276
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7,615,299
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Owen Sullivan
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87,881,223.544
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5,172,897
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7,615,299
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Advisory Vote on Executive Compensation
The shareholders approved the compensation of the Company’s named executive officers as disclosed in the proxy statement. The results of the advisory vote were as follows:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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65,747,651.78
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10,140,415
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17,166,053.764
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7,615,299
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Advisory Vote on Frequency of Advisory Votes on Executive Compensation
The shareholders expressed a preference that an advisory vote on the compensation of the Company’s named executive officers occur every year. The results of the advisory vote were as follows:
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Every Year
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Every Two Years
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Every Three Years
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Abstentions
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Broker Non-Votes
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79,605,794.544
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909,516
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5,030,454
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--
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14,427,705
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In accordance with the results of this vote, the Board of Directors determined to implement an advisory shareholder vote on the compensation of the Company’s named executive officers every year until the next required shareholder vote on how frequently shareholders will vote on a non-binding resolution to approve the compensation of the Company’s named executive officers, which is scheduled to occur at the Company’s 2017 annual meeting of shareholders.
Ratification of PricewaterhouseCoopers LLP
The shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 25, 2011. The results of the vote were as follows:
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Votes For
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Votes Against
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Abstentions
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97,680,539.544
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2,416,562
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572,318
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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.
| JOURNAL COMMUNICATIONS, INC. | ||||
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Date: May 6, 2011
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By:
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/s/ Mary Hill Leahy
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Mary Hill Leahy
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Senior Vice President, General Counsel,
Secretary and Chief Compliance Officer
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