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EX-99.1 - EX-99.1 - Texas Roadhouse, Inc.a17-13858_1ex99d1.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 18, 2017

 

TEXAS ROADHOUSE, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

000-50972

 

20-1083890

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

6040 Dutchmans Lane, Louisville, KY

 

40205

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code    (502) 426-9984

 

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 or Rule 12b-2 of the Securities Exchange Act of 1934

 

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 5.07.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

 

On May 18, 2017, the Company held its Annual Meeting of Shareholders. The matters voted on by shareholders and the voting results are as follows:

 

A. Election of directors. The nominee for the Company’s Board of Directors was elected as follows:

 

Name

 

For

 

Withheld

 

Abstain

 

Broker Non-Votes

 

James R. Zarley

 

55,732,337

 

1,018,046

 

 

9,022,639

 

 

B. Ratification of the audit committee’s selection of KPMG LLP as the Company’s independent auditors for the fiscal year 2017. The selection of KPMG LLP was ratified as follows:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

 

65,425,786

 

247,215

 

100,011

 

 

 

C. Advisory Vote on Executive Compensation. The compensation of the named executive officers was approved, on an advisory basis, as follows:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

 

47,169,037

 

9,260,839

 

320,507

 

9,022,639

 

 

D. Advisory Vote on Frequency of Advisory Vote on Compensation. 1 year was chosen, on an advisory basis, as the preferred frequency that the Company would provide shareholders with an advisory vote on the compensation of the Company’s named executive officers.

 

1 Year

 

2 Years

 

3 Years

 

Abstain

 

Broker Non-Votes

 

49,237,271

 

34,706

 

7,363,165

 

115,241

 

9,022,639

 

 

A majority of the votes cast by shareholders voted, on an advisory basis, to approve the recommendation of the Company’s Board of Directors to hold an advisory vote to approve executive compensation every year.  In line with this recommendation by our shareholders, the Company has determined that it will include an advisory shareholder vote on executive compensation in its proxy materials annually until the next required advisory vote on the frequency of shareholder votes on executive compensation.

 

E. Advisory Vote on the Issuance of a Sustainability Report. A majority of shareholders voted against the shareholder proposal, as follows:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

 

15,970,415

 

40,020,417

 

759,551

 

9,022,639

 

 

ITEM 8.01.  OTHER EVENTS

 

On May 19, 2017, the Company announced its second quarter 2017 cash dividend. The public announcement was made by means of a news release, the text of which is set forth at Exhibit 99.1 hereto.

 

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS

 

(d)                                 EXHIBITS

 

99.1                        Press Release dated May 19, 2017.

 

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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 thereunto duly authorized.

 

 

TEXAS ROADHOUSE, INC.

 

 

 

 

 

 

Date: May 19, 2017

By:

/s/ Scott M. Colosi

 

 

Scott M. Colosi

 

 

President and Chief Financial Officer

 

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INDEX TO EXHIBITS

 

Exhibit No.

 

 

 

 

 

99.1

 

Press Release issued by the Company on May 19, 2017

 

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