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): June 5, 2012

 

TGC INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

 

Texas

 

001-32472

 

74-2095844

(State of incorporation)

 

(Commission File No.)

 

(IRS Employer Identification No.)

 

101 East Park Blvd., Suite 955

Plano, TX 75074

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code:  (972) 881-1099

 

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):

 

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.

 

The annual meeting of shareholders of TGC Industries, Inc. (“TGC” or the “Company”) was held on June 5, 2012, at which the following matters were submitted for a vote to TGC’s shareholders:

 

(1)           To elect six director nominees to serve until the next annual meeting of shareholders and until their respective successors shall be elected and qualified.  All nominees were elected as directors with the following vote:

 

Nominee

 

Votes For

 

Votes Withheld

 

Broker Non-Votes

 

 

 

 

 

 

 

 

 

Wayne A. Whitener

 

9,073,869

 

3,083,675

 

2,941,303

 

William J. Barrett

 

7,527,659

 

4,629,885

 

2,941,303

 

Herbert M. Gardner

 

7,561,025

 

4,596,519

 

2,941,303

 

Allen T. McInnes

 

7,562,061

 

4,595,483

 

2,941,303

 

Edward L. Flynn

 

11,314,459

 

843,085

 

2,941,303

 

Stephanie P. Hurtt

 

11,327,833

 

829,711

 

2,941,303

 

 

(2)           To approve, on an advisory basis, the executive compensation of the named executive officers.

 

Votes For

 

Votes Against

 

Abstentions

 

Broker Non-Votes

 

 

 

 

 

 

 

 

 

12,030,437

 

58,296

 

68,811

 

2,941,303

 

 

(3)           To recommend, on an advisory basis, the frequency with which shareholders participate in an advisory vote on executive compensation of the named executive officers.

 

Every 1 Year

 

Every 2 Years

 

Every 3 Years

 

Abstentions

 

Broker Non-Votes

 

 

 

 

 

 

 

 

 

 

 

11,882,695

 

60,542

 

157,887

 

56,420

 

2,941,303

 

 

The Company’s shareholders voted, on an advisory basis, for “Every 1 Year” as their preferred frequency of conducting future advisory votes on executive compensation.  The Board has considered the voting results of this advisory vote and other factors, and the Board has determined that future advisory votes on executive compensation will be held on an annual basis until the next required shareholder advisory vote on the frequency of such votes or until the Board otherwise determines that a different frequency for such votes is in the best interests of the Company’s shareholders.

 

(4)           To ratify the selection of Lane Gorman Trubitt, PLLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012.  This proposal was approved with the following vote:

 

Votes For

 

Votes Against

 

Abstentions

 

Broker Non-Votes

 

 

 

 

 

 

 

 

 

14,800,429

 

297,132

 

1,286

 

N/A

 

 

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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.

 

 

 

TGC INDUSTRIES, INC.

 

 

 

 

 

 

Date: June 8, 2012

By:

/s/ Wayne A. Whitener

 

 

Wayne A. Whitener

 

 

President and CEO

 

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