0000746515-17-000027.txt : 20170504 0000746515-17-000027.hdr.sgml : 20170504 20170503193828 ACCESSION NUMBER: 0000746515-17-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170502 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 FILED AS OF DATE: 20170504 DATE AS OF CHANGE: 20170503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EXPEDITORS INTERNATIONAL OF WASHINGTON INC CENTRAL INDEX KEY: 0000746515 STANDARD INDUSTRIAL CLASSIFICATION: ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731] IRS NUMBER: 911069248 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13468 FILM NUMBER: 17811299 BUSINESS ADDRESS: STREET 1: 1015 THIRD AVENUE 12TH FLOOR CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: 2066743400 MAIL ADDRESS: STREET 1: 1015 THIRD AVENUE 12TH FLOOR CITY: SEATTLE STATE: WA ZIP: 98104 8-K 1 a2017annualmeetingresults8.htm 8-K Document


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: May 2, 2017
(Date of earliest event reported)


EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
(Exact name of registrant as specified in its charter)
Washington
 
000-13468
 
91-1069248
(State or other jurisdiction of
 
(Commission File No.)
(IRS Employer Identification Number)
incorporation or organization)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1015 Third Avenue, 12th Floor, Seattle, Washington
98104
 
(Address of principal executive offices)
 
(Zip Code)
 
 
 
 
 
 
 
 
(206) 674-3400
 
 
 
(Registrant's telephone number, including area code)
 
 
 
 
 
 
 
 
N/A
 
 
 
(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:
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))
 
 
 
 
 
 

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 chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
o
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.         o






Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The information set forth below under Item 5.07 regarding the approval of the 2017 Omnibus Incentive Plan ("2017 Plan") is incorporated herein by reference. A summary of the 2017 Plan terms was provided in the Company's definitive proxy statement (the “Proxy Statement”) on Schedule 14A filed with the Securities and Exchange Commission on March 23, 2017. This summary is incorporated herein by reference to the Proxy Statement and qualified in its entirety by reference to the full text of the 2017 Plan and related form of agreement, copies of which are attached as appendices to the Proxy Statement.
Item 5.07
Submission of Matters to a Vote of Security Holders.
At the annual meeting of shareholders (the “Annual Meeting”) of Expeditors International of Washington, Inc. (the “Company”) held on May 2, 2017, the shareholders of the Company: (1) elected each of the eleven director nominees set forth below; (2) approved an advisory vote on the compensation of the Company's Named Executive Officers; (3) approved 1 year as the frequency of advisory votes on executive compensation; (4) approved the 2017 Omnibus Incentive Plan; (5) ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the year ending December 31, 2017; and (6) did not approve a shareholder proposal to link executive compensation to sustainability performance. No other business was transacted at the meeting.
The final voting results of each of the proposals submitted to a vote of the shareholders of the Company at the Annual Meeting are set forth below.
(1)
Election of the following eleven directors, each to serve until the next annual meeting of shareholders or until the election or qualification of his or her successor:
 
Number of Shares
 
Voted For

 
Voted Against

 
Abstain

 
Broker Non-Votes

Robert R. Wright
145,733,808

 
1,460,796

 
285,625

 
14,118,241

Glenn M. Alger
146,723,060

 
663,296

 
93,873

 
14,118,241

James M. DuBois
146,590,850

 
606,684

 
282,695

 
14,118,241

Mark A. Emmert
142,921,386

 
4,508,174

 
50,669

 
14,118,241

Diane H. Gulyas
146,225,352

 
1,052,207

 
202,670

 
14,118,241

Dan P. Kourkoumelis
144,365,838

 
3,003,126

 
111,265

 
14,118,241

Richard B. McCune
146,521,561

 
831,405

 
127,263

 
14,118,241

Alain Monié
146,558,816

 
789,250

 
132,163

 
14,118,241

Jeffrey S. Musser
146,763,914

 
610,088

 
106,227

 
14,118,241

Liane J. Pelletier
146,036,736

 
1,401,451

 
42,042

 
14,118,241

Tay Yoshitani
146,124,817

 
1,305,777

 
49,635

 
14,118,241

(2)    Advisory vote to approve Named Executive Officer compensation:
Number of Shares
Voted For

 
Voted Against

 
Abstain

 
Broker Non-Votes

138,564,682

 
8,322,242

 
593,305

 
14,118,241

(3)    Approve the frequency of advisory votes on executive compensation:
Number of Shares
 
 
1 Year

 
2 Years

 
3 Years

 
Broker Non-Votes

 
Non-Votes

131,134,107

 
166,987

 
16,069,686

 
109,449

 
14,118,241


After considering these results, and consistent with its own recommendation, the Board of Directors has determined to continue to provide the Company’s shareholders with an annual advisory vote to approve executive compensation until the next vote on the frequency of such advisory votes.
(4)    Approve the 2017 Omnibus Incentive Plan:
Number of Shares
Voted For

 
Voted Against

 
Abstain

 
Broker Non-Votes

138,604,157

 
8,706,583

 
169,489

 
14,118,241






(5)    Ratification of independent registered public accounting firm for the year ending December 31, 2017:
Number of Shares
Voted For

 
Voted Against

 
Abstain

 
Broker Non-Votes

159,875,438

 
1,632,665

 
90,367

 

(6)    Shareholder proposal: link executive compensation to sustainability performance:
Number of Shares
Voted For

 
Voted Against

 
Abstain

 
Broker Non-Votes

31,214,024

 
111,731,323

 
4,534,882

 
14,118,241


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.
 
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
(Registrant)
 
 
 
 
 
 
Date: May 3, 2017
By:
/s/ Benjamin G. Clark
 
 
Benjamin G. Clark
 
 
Senior Vice President, General Counsel and Corporate Secretary