Attached files
| file | filename |
|---|---|
| EX-99 - PRESS RELEASE DATED MAY 13, 2011 - TITAN INTERNATIONAL INC | ex99.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): May 12, 2011
TITAN INTERNATIONAL, INC.
(Exact name of Registrant as specified in its Charter)
|
Illinois
|
1-12936
|
36-3228472
|
|
(State of Incorporation)
|
(Commission File Number)
|
(I.R.S. Employer Identification No.)
|
2701 Spruce Street, Quincy, IL 62301
(Address of principal executive offices, including Zip Code)
(217) 228-6011
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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))
INFORMATION TO BE INCLUDED IN THIS REPORT
|
Item 5.07
|
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
|
On May 12, 2011, Titan International, Inc. (Titan) held its Annual Meeting of Stockholders (Annual Meeting) for the purposes of:
|
·
|
Electing Richard M. Cashin Jr., Albert J. Febbo and Mitchell I. Quain as directors to serve for three-year terms.
|
|
·
|
Ratifying the appointment of the independent registered public accounting firm for 2011.
|
|
·
|
Approving an amendment to the Titan International, Inc. 2005 Equity Incentive Plan to increase the number of shares of common stock reserved for issuance by 2.1 million shares and to make a technical amendment.
|
|
·
|
Approving a non-binding advisory resolution on executive compensation.
|
|
·
|
Recommending, by non-binding advisory vote, the frequency of holding an advisory vote on executive compensation.
|
Of the 42,007,082 shares of Titan common stock outstanding on the record date, there were a total of 37,553,289 shares of Titan common stock (or 89.4% of total shares outstanding) represented at the Annual Meeting.
Richard M. Cashin Jr., Albert J. Febbo and Mitchell I. Quain were elected as directors with the following vote:
|
Shares
|
Shares
|
Broker
|
||||||||||
|
Voted For
|
Withheld
|
Non-Votes
|
||||||||||
|
Richard M. Cashin Jr.
|
33,592,543 | 548,114 | 3,412,632 | |||||||||
|
Albert J. Febbo
|
33,593,211 | 547,446 | 3,412,632 | |||||||||
|
Mitchell I. Quain
|
33,612,068 | 528,589 | 3,412,632 | |||||||||
The following were directors at the time of the annual meeting and continue serving their term as Titan directors:
J. Michael A. Akers, Erwin H. Billig, Anthony L. Soave and Maurice M. Taylor Jr.
The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm was ratified by the following vote:
|
Shares
|
Shares
|
Shares
|
Broker
|
|||||||||||
|
Voted For
|
Against
|
Abstaining
|
Non-Votes
|
|||||||||||
| 37,151,882 | 398,312 | 3,095 |
─
|
|||||||||||
The amendment to the Titan International, Inc. 2005 Equity Incentive Plan to increase the number of shares of common stock by 2.1 million shares and to make a technical amendment was approved by the following vote:
|
Shares
|
Shares
|
Shares
|
Broker
|
|||||||||||
|
Voted For
|
Against
|
Abstaining
|
Non-Votes
|
|||||||||||
| 31,489,079 | 2,643,879 | 7,699 | 3,412,632 | |||||||||||
The non-binding advisory resolution on executive compensation was approved by the following vote:
|
Shares
|
Shares
|
Shares
|
Broker
|
|||||||||||
|
Voted For
|
Against
|
Abstaining
|
Non-Votes
|
|||||||||||
| 28,539,179 | 5,586,300 | 15,178 | 3,412,632 | |||||||||||
A one year recommendation was made on the non-binding advisory vote on the frequency of holding an advisory vote on executive compensation. The results of the vote were as follows:
|
Shares
|
Broker
|
|||||||||||||||||
|
1 Year
|
2 Year
|
3 Year
|
Abstaining
|
Non-Votes
|
||||||||||||||
| 31,011,681 | 314,378 | 2,796,445 | 18,153 | 3,412,632 | ||||||||||||||
Based on these results, and consistent with the Company’s recommendation, the Board has determined that Titan will hold an advisory vote on executive compensation annually.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
|
|
99
|
Titan International, Inc.’s press release dated May 13, 2011, regarding Titan electing directors and officers.
|
SIGNATURE
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.
|
TITAN INTERNATIONAL, INC.
|
|
|
(Registrant)
|
|
Date:
|
May 13, 2011
|
By:
|
/s/ PAUL G. REITZ
|
|
Paul G. Reitz
|
|||
|
Chief Financial Officer
|
|||
|
(Principal Financial Officer)
|
|||
EXHIBIT INDEX
|
Exhibit No.
|
Description
|
|
99
|
Titan International, Inc.’s press release dated May 13, 2011, regarding Titan electing directors and officers.
|
|
|