0000020740-13-000037.txt : 20130329 0000020740-13-000037.hdr.sgml : 20130329 20130329120519 ACCESSION NUMBER: 0000020740-13-000037 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130326 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130329 DATE AS OF CHANGE: 20130329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLARCOR INC. CENTRAL INDEX KEY: 0000020740 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 360922490 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11024 FILM NUMBER: 13726892 BUSINESS ADDRESS: STREET 1: 840 CRESCENT CENTRE DRIVE STREET 2: SUITE 600 CITY: FRANKLIN STATE: TN ZIP: 37067 BUSINESS PHONE: (615)771-3100 MAIL ADDRESS: STREET 1: 840 CRESCENT CENTRE DRIVE STREET 2: SUITE 600 CITY: FRANKLIN STATE: TN ZIP: 37067 FORMER COMPANY: FORMER CONFORMED NAME: CLARCOR INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CLARK J L MANUFACTURING CO /DE/ DATE OF NAME CHANGE: 19871001 8-K 1 a20138kannualmeetingresults.htm FORM 8-K 2013 8K Annual Meeting Results


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):

March 29, 2013 (March 26, 2013)

 
CLARCOR Inc.
 
 
(Exact name of registrant as specified in its charter)
 

Delaware
 1-11024
36-0922490
(State or other jurisdiction of
incorporation or organization)
 (Commission File Number)
(I.R.S. Employer
Identification No.)
 
 
 
840 Crescent Centre Drive, Suite 600, Franklin, Tennessee 37067
(Address of principal executive offices)

Registrant’s telephone number, including area code:
615-771-3100

No Change
(Former name, former address and former fiscal year, 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):
 
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
o
Pre-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.

On March 26, 2013, the Board of Directors of CLARCOR Inc., a Delaware corporation (NYSE: CLC) (the “Company”) elected Wesley M. Clark, 61, to the Board of Directors of the Company, effective immediately.   Mr. Clark replaces director J. Marc Adam, who retired on March 26, 2013, having reached the Company's mandatory retirement age of 74. Mr. Clark will be included in the class of the Company's directors who will stand for reelection by the Company's shareholders at the Company's Annual Meeting contemplated to be held in March 2015, which is when Mr. Adam's term was to have ended.  The Company issued a press release regarding Mr. Clark's appointment on March 28, 2013, a copy of which is attached hereto.

The Board of Directors has affirmatively determined that Mr. Clark qualifies as an independent director under the categorical standards of the corporate governance rules of New York Stock Exchange and as defined under applicable law. It is not yet known to which committee(s) of the Board of Directors Mr. Clark will be appointed. The Board will make such appointment(s) following analysis and recommendation by the Board's Directors' Affairs/Corporate Governance Committee.

There are no arrangements or understandings between Mr. Clark and any person pursuant to which Mr. Clark was selected as a director, and there are no actual or proposed transactions between Mr. Clark or any of his related persons and the Company that would require disclosure under Item 404(a) of Regulation S-K (17 CFR 229.404(a)) in connection with his appointment as a director of the Company.

As of March 26, 2013, Mr. Clark is entitled to receive compensation and participate in the plans of the Company applicable to all of the Company's directors, as more particularly described on pages 9 and 10 of the Company's proxy statement filed February 19, 2013 ("Proxy Statement"), under the sub-heading “Meetings and Fees”. There is no other material Company plan, contract or arrangement in which Mr. Clark will participate in connection with his appointment.

Item 5.07. Submission of Matters to a Vote of Security Holders

The Company held its Annual Meeting on March 26, 2013.  A total of 46,987,028 shares of Common Stock, representing approximately 94% of the shares outstanding and eligible to vote and constituting a quorum, were represented in person or by valid proxies at the Annual Meeting.  The final results for each of the matters submitted to a vote of shareholders at the Annual Meeting are as follows:
 
Proposal 1:   All of the nominees for director were elected to serve a three-year term until the 2016 Annual Meeting, or until their respective successors are elected and qualified, by the votes set forth in the table below:
 
Nominee
For
Withhold
Uncast
Broker Non-Votes
Robert J. Burgstahler
43,771,382
845,613
2,370,033
Christopher L. Conway
43,717,225
899,770
2,370,033
Paul Donovan
33,865,048
10,751,947
2,370,033
   






Proposal 2:   The Company's shareholders approved, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's Proxy Statement pursuant to Item 402 of Regulation S-K under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, by the votes set forth in the table below:
 
For
Against
Abstain
Broker Non-Votes
42,473,129
737,119
1,406,748
2,370,033
 
  Proposal 3:   
 
The appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accountants for fiscal 2013 was ratified by the shareholders by the votes set forth in the table below:
 
For
Against
Abstain
Broker Non-Votes
46,715,673
245,788
25,568
 

Item 9.01 Financial Statements & Exhibits

Exhibit 99.1 - Press Release dated March 28, 2013


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.    

CLARCOR INC.



By /s/Richard M. Wolfson
Richard M. Wolfson
Vice President - General Counsel and Corporate Secretary

Date: March 29, 2013




EX-99.1 2 pressreleasewesclark-march.htm PRESS RELEASE Press Release Wes Clark - March 29, 2013



FOR FURTHER INFORMATION CONTACT:
Christopher L. Conway
Chairman of the Board, President and Chief Executive Officer
Franklin, Tennessee
615-771-3100

FOR IMMEDIATE RELEASE
THURSDAY MARCH 28, 2013

CLARCOR ELECTS WESLEY M. CLARK
TO ITS BOARD OF DIRECTORS


Franklin, TN, March 28, 2013 -- CLARCOR Inc. (NYSE: CLC) announced that Wesley M. Clark has been appointed to its Board of Directors, replacing J. Marc Adam who retired from the Board after 22 years of service. The appointment was made on March 26, 2013, the date of Mr. Adam's retirement.

Mr. Clark, 61, is the retired Chief Executive Officer and a current advisory board member of Morton Salt, Inc., North America's leading supplier of consumer, industrial and commercial salt products. Prior to joining Morton Salt, Mr. Clark was the President, Chief Operating Officer and a board member of W.W. Grainger, Inc., North America's leading distributor of maintenance, repair and operating supplies. Mr. Clark began his career with Cummins Engine Company, serving as Vice President of Cummins' Advanced Drivetrain Corporation, before assuming the role of Division General Manager of Granite Rock Company, a regional market share leader in aggregates, concrete and building materials.

In addition to his directorship with Morton Salt, Mr. Clark serves as an Operating Partner with Advent International Global Private Equity and as the Non-Executive Chairman of the Board of Morrison Supply Company, LLC, a large distributor of plumbing and HVAC supplies, as well as Morrison's parent company, Patriot Supply Holdings, Inc. Mr. Clark is also a director of ABC Supply Co., Inc., a multi-billion dollar distributor of roofing and related materials. Mr. Clark is a member of the Management Board of the Stanford University Graduate School of Business, from which institution Mr. Clark received his MBA in 1977.

Christopher L. Conway, CLARCOR's Chairman, President and Chief Executive Officer commented, “Although we are sad to see Marc Adam retire and thank him for two decades of service to our shareholders, we are excited to have Wes join our Board. Wes' deep knowledge of commercial and industrial distribution businesses will be extremely beneficial to CLARCOR as we seek more paths to market for all of our operating businesses. In addition, Wes has run a diverse group of businesses throughout his career, and this diversity of experience matches up well with our own business model of being the most diverse filtration company in the world. Wes will be a valuable addition to our team, and we consider ourselves fortunate that he agreed to join us.”

CLARCOR is based in Franklin, Tennessee, and is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets. Common shares of the Company are traded on the New York Stock Exchange under the symbol CLC.


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