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): September 25, 2018

 

 

American Outdoor Brands Corporation

(Exact Name of Registrant as Specified in Charter)

 

 

 

Nevada   001-31552   87-0543688

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

2100 Roosevelt Avenue

Springfield, Massachusetts

(Address of principal executive offices) (Zip Code)

(800) 331-0852

(Registrant’s telephone number, including area code)

 

 

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 §CRF 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 September 25, 2018, we held our annual meeting of stockholders to consider and vote upon the following proposals: (1) to elect directors to serve until our next annual meeting of stockholders and until their successors are elected and qualified; (2) to provide a non-binding, advisory vote on the compensation of our named executive officers for fiscal 2018 (“say-on-pay”); (3) to ratify the appointment of Deloitte & Touche LLP, an independent registered public accounting firm, as our independent registered public accountant for the fiscal year ending April 30, 2019; and (4) to vote on a stockholder proposal requiring us to issue a report related to safety measures and mitigation of harm associated with our products.

The following directors were elected at the annual meeting:

 

Director

   Votes For      Votes Withheld      Broker
Non-Votes
 

Barry M. Monheit

     28,639,675        1,882,718        17,326,127  

Robert L. Scott

     28,675,048        1,847,345        17,326,127  

Anita D. Britt

     29,706,220        816,173        17,326,127  

Robert H. Brust

     29,685,793        836,600        17,326,127  

P. James Debney

     29,631,174        891,219        17,326,127  

John B. Furman

     28,813,914        1,708,479        17,326,127  

Gregory J. Gluchowski, Jr.

     29,646,303        876,090        17,326,127  

Michael F. Golden

     28,754,940        1,767,453        17,326,127  

Mitchell A. Saltz

     27,951,814        2,570,579        17,326,127  

I. Marie Wadecki

     28,704,312        1,818,081        17,326,127  

Our stockholders approved the compensation of our named executive officers on a non-binding, advisory basis. The voting results were as follows:

 

     Votes
For
     Votes
Against
     Abstentions      Broker
Non-Votes
 

Say-on-pay proposal

     28,710,177        1,551,638        260,578        17,326,127  

Our stockholders ratified the appointment of Deloitte & Touche LLP as our independent registered public accountants for the fiscal year ending April 30, 2018. The voting results were as follows:

 

     Votes
For
     Votes
Against
     Abstentions      Broker
Non-Votes
 

Ratification of Deloitte & Touche LLP as independent registered public accountants

     46,819,668        666,566        311,442        —    

Our stockholders approved the stockholder proposal. The voting results were as follows:

 

     Votes
For
     % of
Outstanding
    Votes
Against
     % of
Outstanding
    Abstentions      Broker
Non-Votes
 

Stockholder proposal

     15,202,446        27.95     13,942,478        25.64     1,377,469        17,326,127  

Under applicable regulations of the Securities and Exchange Commission, or SEC, we were required to include the stockholder proposal in our proxy statement. Our Board of Directors strongly recommended a vote against the stockholder proposal for the reasons described in our proxy statement and in other materials filed with the SEC. There were 54,384,399 shares outstanding on the record date and entitled to vote at the annual meeting. The stockholder proposal was approved by stockholders holding 15,202,446, or 28%, of our outstanding shares.


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.

 

          AMERICAN OUTDOOR BRANDS CORPORATION
Date: September 28, 2018             By:   /s/ Jeffrey D. Buchanan  
             

Jeffrey D. Buchanan

Executive Vice President, Chief Financial

Officer, Chief Administrative Officer, and

Treasurer