0001564590-19-022309.txt : 20190612 0001564590-19-022309.hdr.sgml : 20190612 20190612113156 ACCESSION NUMBER: 0001564590-19-022309 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190606 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20190612 DATE AS OF CHANGE: 20190612 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SPANISH BROADCASTING SYSTEM INC CENTRAL INDEX KEY: 0000927720 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 133827791 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27823 FILM NUMBER: 19893009 BUSINESS ADDRESS: STREET 1: PABLO RAUL ALARCON MEDIA CENTER STREET 2: 7007 NW 77TH AVENUE CITY: MIAMI STATE: FL ZIP: 33166 BUSINESS PHONE: 305-441-6901 MAIL ADDRESS: STREET 1: PABLO RAUL ALARCON MEDIA CENTER STREET 2: 7007 NW 77TH AVENUE CITY: MIAMI STATE: FL ZIP: 33166 8-K 1 sbsaa-8k_20190606.htm 8-K sbsaa-8k_20190606.htm

 

 

 

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): June 6, 2019

 

SPANISH BROADCASTING SYSTEM, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

 

000-27823

 

13-3827791

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

7007 N.W. 77th Avenue, Miami, Florida

 

33166

(Address of principal executive offices)

 

(Zip Code)

(305) 441-6901

(Registrant’s telephone number, including area code)

(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 (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 240.14d2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e4(c))

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.

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, par value $0.0001 per share

SBSAA

OTCQB Venture Market

 

 

 

 


 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

On June 6, 2019, Spanish Broadcasting System, Inc. (the "Company") held its Annual Meeting of Stockholders ("Annual Meeting"). The stockholders considered and voted on three proposals submitted for stockholder vote, which are described in detail in the Company's 2019 Proxy Statement. There were 4,241,991 shares of Class A common stock, 2,340,353 shares of Class B common stock, and 380,000 shares of Series C preferred stock outstanding and entitled to vote at the meeting. Stockholders are entitled to one vote for each share of Class A common stock, ten votes for each share of Class B common stock, and two votes for each share of Series C preferred stock they hold. The following is a brief description of the matters voted on at the Annual Meeting and the final results of such voting:

 

 

Proposal 1.  Election of Directors

 

The six directors were elected at the Annual Meeting to hold office until such time as their respective successors have been duly elected and qualified based upon the following votes:

 

Nominee Common Stock Directors

Votes For

Votes Against / Withheld

Raúl Alarcón

24,422,720

1,012,343

Joseph A. García

24,422,760

1,012,303

Manuel E. Machado

24,466,743

968,320

Jason L. Shrinsky

24,465,962

969,101

José A. Villamil

24,466,743

968,320

Mitchell A. Yelen

24,466,743

968,320

 

 

Proposal 2. Approve, on an advisory basis, executive compensation

 

An advisory vote was held regarding the compensation of our named executive officers as disclosed in the Company's 2019 Proxy Statement, the results of which are set forth below:

 

For

Against

Abstain

Broker Non-Votes

24,440,264

968,822

25,977

0

 

 

Proposal 3. Recommend frequency of non-binding vote on executive compensation

 

An advisory vote was held regarding the frequency of future advisory votes on executive compensation, the results of which are set forth below:

 

One Year

Two Years

Three Years

Abstain

909,974

1,710

24,416,782

106,597

 

 

 

 

 


 

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.

 

 

SPANISH BROADCASTING SYSTEM, INC.
(Registrant)

 

 

 

June 12, 2019

By:

 

/s/ JOSÉ I. MOLINA

 

 

 

José I. Molina

 

 

 

Chief Financial Officer

 

 

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