UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective October 30, 2019, Richard K. Mueller, Chairman of the Board of Directors (the “Board”) of GMS Inc. (the “Company”) transitioned from his position as Chairman to Chairman Emeritus, a non-executive role. In addition, Mr. Mueller’s last day as an employee of the Company was October 31, 2019. The Board has elected John J. Gavin to replace Mr. Mueller as the non-executive Chairman of the Board in connection with Mr. Mueller’s transition into his new Chairman Emeritus role.
Mr. Mueller currently participates in the Company’s standard non-employee director compensation program as described in the Company’s most recent proxy statement, filed with the Securities and Exchange Commission on August 27, 2019. In connection with his transition to a non-executive role, Mr. Mueller is no longer eligible to receive certain benefits that he received as an employee of the Company, including participation in the Company’s group health plans and 401(k) plan and the use of a company-provided car.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The 2019 Annual Meeting of Stockholders (the “Annual Meeting”) of the Company was held on October 30, 2019. At the Company’s Annual Meeting, stockholders voted on the matters disclosed in the Company’s Proxy Statement filed with the Securities and Exchange Commission on August 27, 2019. A total of 41,639,363 shares of the Company’s common stock were entitled to vote as of September 3, 2019, the record date for the Annual Meeting. A total of 37,645,206 shares were present in person or represented by proxy at the Annual Meeting, representing approximately 90.4% of all shares entitled to vote at the Annual Meeting. The following is a summary of the final voting results for each matter presented to stockholders.
Proposal 1: The election of the four Class III director nominees, each for a three-year term or until such earlier time as his or her successor is duly elected and qualified. The results of the vote were as follows:
| Nominee | For | Against | Abstain | Broker Non-Votes | |||||||||||
| Brian R. Hoesterey | 23,934,497 | 11,345,675 | 16,623 | 2,348,411 | |||||||||||
| Teri P. McClure | 34,122,156 | 1,158,712 | 15,927 | 2,348,411 | |||||||||||
| Richard K. Mueller | 25,393,195 | 9,887,133 | 16,467 | 2,348,411 | |||||||||||
| J. Louis Sharpe | 22,506,333 | 12,747,191 | 43,271 | 2,348,411 | |||||||||||
Pursuant to the foregoing votes, the four Class III director nominees listed above were elected to serve on the Company’s Board of Directors. There were no additional director nominations brought before the Annual Meeting.
Proposal 2: The ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending April 30, 2020. The results of the vote were as follows:
| For | Against | Abstain | Broker Non-Votes | ||||||||||
| 37,622,243 | 4,413 | 18,550 | 0 | ||||||||||
Pursuant to the foregoing vote, the proposal regarding ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending April 30, 2020 was approved.
Proposal 3: The approval, on an advisory basis, of the compensation of the Company’s named executive officers, as described in the Company’s Proxy Statement. The results of the vote were as follows:
| For | Against | Abstain | Broker Non-Votes | ||||||||||
| 34,913,972 | 360,022 | 22,801 | 2,348,411 | ||||||||||
Pursuant to the foregoing vote, the proposal regarding advisory approval of the Company’s executive compensation program was approved.
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.
| GMS INC. | |||
| Date: November 4, 2019 | By: | /s/ Craig D. Apolinsky | |
| Name: | Craig D. Apolinsky | ||
| Title: | Vice President, General Counsel and Corporate Secretary | ||