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): April 28, 2016
 
Astec Industries, Inc.
  (Exact name of registrant as specified in its charter)
 
 
 
 
 
Tennessee
 
001-11595
 
62-0873631
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)

1725 Shepherd Road
Chattanooga, Tennessee 37421
 (Address of principal executive offices) (Zip Code)
 
Registrant's telephone number, including area code: (423) 899-5898
 
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 (see General Instruction A.2. below):
 
☐
 
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

Astec Industries, Inc. (the Company) held its Annual Meeting of Shareholders on April 28, 2016.  The following is a summary of the matters voted on at the meeting:
 

(a)  The results of the voting for the election of three directors in Class III to each serve a three-year term were as follows:

 
 
For
   
Withheld
   
Broker
Non-Votes
 
W. Norman Smith
   
19,611,531
     
86,889
     
2,560,648
 
William B. Sansom
   
19,125,050
     
573,370
     
2,560,648
 
Benjamin G. Brock
   
19,611,919
     
86,501
     
2,560,648
 

        (b)  The results of the voting on a non-binding resolution to approve the compensation of the Company's executive officers were as follows:
Votes For
 
Votes Against
 
Abstain
 
Broker
 Non-Votes
19,597,009
 
58,962
 
42,449
 
2,560,648
 
 (c)  The results of the voting to re-approve the material terms of performance goals for qualified performance-based awards under the Astec Industries, Inc. 2011 Incentive Plan were as follows:

Votes For
 
 
Votes Against
 
 
Abstain
 
 19,392,290
 
 
 265,641
 
 
40,489
 

        (d)  The results of the voting for the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year 2016 were as follows:

Votes For
 
 
Votes Against
 
 
Abstain
 
 22,191,068
 
 
 10,989
 
 
57,011
 
 
Item 8.01.  Other Events
On April 28, 2016, the Board of Directors of Astec Industries, Inc. (the "Company") declared a quarterly cash dividend of ten cents ($0.10) per share of Company common stock to be paid on or after May 27, 2016 to the Company's common shareholders of record as of May 11, 2016.
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: April 29, 2016
ASTEC INDUSTRIES, INC.
 
 
By:  Davic C. Silvious                           
David C. Silvious
Chief Financial Officer and Treasurer
(Principal Financial Officer)




Astec Industries (NASDAQ:ASTE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Astec Industries Charts.
Astec Industries (NASDAQ:ASTE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Astec Industries Charts.