Attached files
| file | filename |
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| EX-99.1 - EX-99.1 - RLI CORP | rli-20160506ex9918c8fba.htm |
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 5, 2016
RLI Corp.
(Exact name of registrant as specified in its charter)
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Illinois |
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001-09463 |
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37-0889946 |
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(State or other jurisdiction |
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(Commission |
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(IRS Employer |
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of incorporation) |
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File Number) |
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Identification No.) |
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9025 North Lindbergh Drive, Peoria, IL |
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61615 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (309) 692-1000
Not applicable
(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:
☐ 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 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.07 Submission of Matters to a Vote of Security Holders.
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(a) |
On May 5, 2016, RLI Corp. (“Company”) held its annual meeting of shareholders (“Annual Meeting”). |
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(b) |
At the Annual Meeting, the Company’s shareholders voted on the following five proposals and cast their votes as described below. |
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1. |
The nominees for election to the Board of Directors were elected at the Annual Meeting, each to hold office for a one-year term expiring at the next annual meeting, based upon the following votes: |
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For |
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Withheld |
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Broker |
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Kaj Ahlmann |
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37,920,592 |
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142,544 |
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4,047,930 |
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Barbara R. Allen |
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37,599,885 |
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463,251 |
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4,047,930 |
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Michael E. Angelina |
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37,857,054 |
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206,082 |
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4,047,930 |
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John T. Baily |
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37,462,604 |
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600,532 |
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4,047,930 |
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Jordan W. Graham |
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37,711,764 |
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351,372 |
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4,047,930 |
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Charles M. Linke |
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37,603,242 |
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459,894 |
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4,047,930 |
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F. Lynn McPheeters |
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37,651,859 |
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411,277 |
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4,047,930 |
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Jonathan E. Michael |
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37,479,347 |
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583,789 |
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4,047,930 |
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James J. Scanlan |
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37,926,247 |
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136,889 |
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4,047,930 |
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Michael J. Stone |
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37,871,506 |
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191,630 |
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4,047,930 |
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Robert O. Viets |
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37,426,513 |
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636,623 |
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4,047,930 |
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2. |
The proposal to approve the RLI Corp. Annual Incentive Compensation Plan, as described in the proxy materials, was approved based upon the following votes: |
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For |
Against |
Abstentions |
Broker Non-Votes |
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37,323,896 |
630,251 |
108,989 |
4,047,930 |
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3. |
The proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers, as described in the proxy materials, was approved based upon the following votes: |
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For |
Against |
Abstentions |
Broker Non-Votes |
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37,459,379 |
460,146 |
143,611 |
4,047,930 |
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4. |
The proposal on the frequency of future advisory votes on executive compensation, as described in the proxy materials, received the following votes: |
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One Year |
Two Years |
Three Years |
Abstentions |
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34,088,176 |
544,809 |
3,298,926 |
121,225 |
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5. |
The proposal to ratify the selection of KPMG LLP as the Company’s independent registered public accounting firm for 2016 was approved based upon the following votes: |
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For |
Against |
Abstentions |
Broker Non-Votes |
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41,278,322 |
665,448 |
167,296 |
− |
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Item 8.01 Other Events.
On May 5, 2016, the Company announced that its Board of Directors approved a quarterly dividend on its common stock of $0.20 per share. The dividend is payable on June 20, 2016, to shareholders of record as of May 31, 2016. Furnished as Exhibit 99.1 and incorporated herein by reference is the press release issued by the Company.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
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Description |
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99.1 |
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Press Release dated May 5, 2016. |
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This Exhibit is furnished pursuant to Item 8.01 hereof and should not be deemed to be “filed” under the Securities Exchange Act of 1934. |
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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.
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RLI CORP. |
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Date: May 6, 2016 |
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By: |
/s/ Daniel O. Kennedy |
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Daniel O. Kennedy |
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Vice President and General Counsel |
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EXHIBIT INDEX
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Exhibit No. |
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Exhibit |
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99.1 |
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Press Release dated May 5, 2016 |
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This Exhibit is furnished pursuant to Item 8.01 hereof and should not be deemed to be “filed” under the Securities Exchange Act of 1934. |
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