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BMI Badger Meter

 

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 24, 2020

 

 

              Badger Meter, Inc.             

(Exact name of registrant as specified in its charter)

 

 

   Wisconsin    

      1-6706       

   39-0143280    

(State or other jurisdiction

of incorporation)

(Commission file

number)

(IRS employer

identification no.)

 

  4545 W. Brown Deer Rd., Milwaukee, Wisconsin 53223  

(Address of principal executive offices, including zip code)

 

           (414) 355-0400           

(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 obligation of the registrant under any of the following provisions:  

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))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

BMI

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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.

The Company’s 2020 Annual Meeting of Shareholders was held on April 24, 2020.  Matters submitted to shareholders at the meeting and the voting results thereof were as follows:

Election of Directors.  The shareholders of the Company elected each of the director nominees proposed by the Company’s Board of Directors to serve until the 2021 Annual Meeting of Shareholders or until such nominee’s successor is duly elected and qualified.  The following is a breakdown of the voting results:

DIRECTOR

 

VOTES FOR

 

 

WITHHELD

 

 

NON-VOTES

 

Todd A. Adams

 

 

23,967,224

 

 

 

489,608

 

 

 

1,970,055

 

Kenneth C. Bockhorst

 

 

22,398,796

 

 

 

2,058,036

 

 

 

1,970,055

 

Gale E. Klappa

 

 

22,230,567

 

 

 

2,226,265

 

 

 

1,970,055

 

Gail A. Lione

 

 

23,783,715

 

 

 

673,117

 

 

 

1,970,055

 

James W. McGill

 

 

24,333,030

 

 

 

123,802

 

 

 

1,970,055

 

Tessa M. Myers

 

 

23,865,516

 

 

 

591,316

 

 

 

1,970,055

 

James F. Stern

 

 

23,886,857

 

 

 

569,975

 

 

 

1,970,055

 

Glen E. Tellock

 

 

23,829,971

 

 

 

626,861

 

 

 

1,970,055

 

Advisory Vote on Executive Compensation.  The shareholders of the Company approved, by advisory vote, the compensation of the Company’s named executive officers.  The following is a breakdown of the voting results:

 

 

 

 

 

 

 

 

 

 

 

 

 

VOTES FOR

 

VOTES AGAINST

 

ABSTENTIONS

 

NON-VOTES

22,937,552

 

 

1,287,851

 

 

 

231,429

 

 

 

1,970,055

 

 

Appointment of Ernst & Young LLP as Independent Registered Public Accounting Firm.  The shareholders of the Company ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm.  The following is a breakdown of the voting results:

 

 

 

 

 

 

 

 

 

 

 

 

 

VOTES FOR

 

VOTES AGAINST

 

ABSTENTIONS

 

NON-VOTES

25,262,511

 

 

1,121,943

 

 

 

42,433

 

 

 

N/A

 

 

Shareholder Proposal Regarding Employee Representation on the Board of Directors.  The shareholders of the Company voted against the proposal.  The following is a breakdown of the voting results:

 

 

 

 

 

 

 

 

 

 

 

 

 

VOTES FOR

 

VOTES AGAINST

 

ABSTENTIONS

 

NON-VOTES

856,671

 

 

21,762,088

 

 

 

1,838,073

 

 

 

1,970,055

 

 

 

 

 


 

Item 8.01.

Other Events

Subsequent to the Company’s 2020 Annual Meeting of Shareholders and resultant election of directors, the Board appointed Gale E. Klappa to be Lead Independent Director and also approved the following committee assignments, effective April 24, 2020:

 

 

BOARD COMMITTEES

INDEPENDENT DIRECTOR

 

AUDIT &

COMPLIANCE

 

 

COMPENSATION

 

 

CORPORATE

GOVERNANCE

Todd A. Adams

 

 

X

 

 

 

X*

 

 

 

 

Gale E. Klappa

 

 

 

 

 

 

X

 

 

 

X*

Gail A. Lione

 

 

 

 

 

 

X

 

 

 

X

James W. McGill

 

 

 

 

 

 

X

 

 

 

 

Tessa M. Myers

 

 

X

 

 

 

 

 

 

 

X

James F. Stern

 

 

X

 

 

 

 

 

 

 

X

Glen E. Tellock

 

 

X*

 

 

 

 

 

 

 

 

 

* Denotes committee chair

 

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.

BADGER METER, INC.

 

 

 

Date:  April 28, 2020   By:   /s/ William R.A. Bergum

  William R. A. Bergum

Vice President – General Counsel and Secretary