SP Plus Corporation Reports 2020 Annual Meeting of Stockholders Results

Strategic Insights -

SP Plus Corporation, a leading provider of transportation technology and services, held its 2020 Annual Meeting of Stockholders on May 6, 2020. The meeting saw significant participation from the company's stockholders, with approximately 88.7% of the outstanding shares present or represented by proxy. The meeting resulted in the election of six directors, approval of the 2019 compensation of the company's named executive officers, and ratification of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2020.

Key Takeaways:

  • The 2020 Annual Meeting of Stockholders was held on May 6, 2020, with 88.7% of the outstanding shares present or represented by proxy.
  • Six directors were elected, with the following vote results: Marc Baumann (18,496,637 in favor, 10,111 against, and 1,932,019 abstained), Karen M. Garrison (18,262,693 in favor, 244,055 against, and 1,932,019 abstained), Alice M. Peterson (18,494,627 in favor, 12,121 against, and 1,932,019 abstained), Gregory A. Reid (18,494,615 in favor, 12,133 against, and 1,932,019 abstained), Wyman T. Roberts (18,477,607 in favor, 29,141 against, and 1,932,019 abstained), and Douglas R. Waggoner (18,489,502 in favor, 17,246 against, and 1,932,019 abstained).
  • The company's stockholders approved the 2019 compensation of the named executive officers on a non-binding, advisory basis, with 77.6% in favor (17,987,275 for, 304,089 against, and 215,384 abstained).
  • Ernst & Young LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending December 31, 2020, with 98.5% in favor (20,245,149 for, 191,449 against, and 2,169 abstained).

Statistics:

  • 88.7% of outstanding shares were present or represented by proxy at the 2020 Annual Meeting of Stockholders.
  • 20,438,767 shares were present or represented by proxy, representing approximately 88.7% of the 22,997,061 outstanding shares entitled to vote.
  • 77.6% of shareholders voted in favor of the 2019 compensation of the named executive officers.
  • 98.5% of shareholders voted in favor of ratifying Ernst & Young LLP as the company's independent registered public accounting firm.

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section l3 or l5(d) of the Securities Exchange Act of l934
  • SP Plus Corporation, 2020 Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on March 20, 2020.