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WHG Westwood


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): April 29, 2020
 

WESTWOOD HOLDINGS GROUP, INC.
(Exact Name of Registrant as Specified in its Charter)
 

 
Delaware 001-31234 75-2969997
(State or Other Jurisdiction
of Incorporation)
 (Commission
File Number)
 (I.R.S. Employer
Identification Number)
200 Crescent Court, Suite 1200
Dallas, Texas 75201
(Address of principal executive offices, including zip code)
(214) 756-6900
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
 
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously announced and as further described under Item 5.07, on April 29, 2020, Westwood Holdings Group, Inc. (the “Company”) held its annual meeting of stockholders in Dallas, Texas (the “Annual Meeting”).
The Company’s stockholders approved the Seventh Amended and Restated Westwood Holdings Group, Inc. Stock Incentive Plan (the “Incentive Plan”). The material revisions of the Incentive Plan included:
Increase the total number of shares currently authorized under the Incentive Plan by 350,000 shares.
The Incentive Plan was included as Appendix A to the Definitive Proxy Statement filed with the SEC on March 6, 2020.
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, the following Proposals 1, 2, 3, and 4 were approved by the Company’s stockholders. No other business was brought before the Annual Meeting. The Proposals are described in detail in the Company’s definitive proxy statement filed with the SEC on March 6, 2020. The voting results for the Annual Meeting are set forth below.
 
(a)Proposal 1: The stockholders elected the directors listed below to hold office until the next annual meeting and until their respective successors shall have been duly elected and qualified. The voting results for this Proposal 1 were as follows:
NomineeForWithheldBroker Non-Vote
Brian O. Casey6,700,014  121,195  1,035,356  
Richard M. Frank4,289,787  2,531,422  1,035,356  
Susan M. Byrne6,601,722  219,487  1,035,356  
Ellen H. Masterson4,310,054  2,511,155  1,035,356  
Geoffrey R. Norman4,292,492  2,528,717  1,035,356  
Raymond E. Wooldridge4,040,698  2,780,511  1,035,356  
 
(b)Proposal 2: The stockholders ratified Deloitte & Touche LLP as the Company’s independent auditors for the year ending December 31, 2020. The voting results for this Proposal 2 were as follows:
ForAgainstAbstain
7,637,287  174,662  44,616  
 
(c)Proposal 3: The stockholders approved the Seventh Amended and Restated Westwood Holdings Group, Inc. Stock Incentive Plan. The voting results for this Proposal 3 were as follows:
ForAgainstAbstainBroker Non-Vote
6,075,411  738,141  7,657  1,035,356  
(d) Proposal 4: The vote on the stockholders approval, on a non-binding, advisory basis, of the Company's executive compensation, did not receive the necessary votes required by law and was therefore not approved. The voting results for this Proposal 4 were as follows:
ForAgainstAbstainBroker Non-Vote
3,335,488  3,467,712  18,009  1,035,356  







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.
 
WESTWOOD HOLDINGS GROUP, INC.
Date: April 29, 2020/s/ Brian O. Casey
Brian O. Casey
President and Chief Executive Officer