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Item 5.07
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Submission of Matters to a Vote of Security Holders.
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At the Annual Meeting of Stockholders (the “Annual Meeting”) of Gannett Co., Inc. (the “Company”), held on June 7, 2021, the stockholders of the
Company voted on the matters described below.
As of April 15, 2021, the record date for the Annual Meeting, holders of 142,544,454 shares of common stock of the Company were entitled to vote.
Proposal 1. The Company’s stockholders elected the following nine director nominees to serve until the 2022 annual meeting of stockholders and until their respective successors are duly elected and qualified. The results of the vote are summarized in the table below.
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Director Nominees
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Votes For
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Votes Withheld
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Broker Non-Votes*
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Vinayak R. Hegde
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89,412,953
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2,690,818
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19,524,880
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Theodore P. Janulis
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83,501,056
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8,602,715
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19,524,880
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John Jeffry Louis III
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89,012,377
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3,091,394
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19,524,880
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Maria M. Miller
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84,772,610
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7,331,161
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19,524,880
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Michael E. Reed
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88,976,775
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3,126,996
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19,524,880
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Debra A. Sandler
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89,121,642
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2,982,129
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19,524,880
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Kevin M. Sheehan
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73,055,186
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19,048,585
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19,524,880
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Laurence Tarica
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89,448,034
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2,655,737
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19,524,880
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Barbara W. Wall
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89,454,161
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2,649,610
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19,524,880
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Proposal 2. The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021. The results of the vote are summarized
in the table below.
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Votes For
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Votes Against
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Abstentions
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111,055,167
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497,990
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75,494
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Proposal 3. The Company’s stockholders approved, on an advisory basis, the Company’s executive compensation. The results of the vote are summarized in the table below.
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes*
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77,112,420
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14,642,111
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349,240
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19,524,880
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Proposal 4. The Company's stockholders approved, on an advisory basis, that future say-on-pay votes should occur every year. The results of the vote are summarized in the table below.
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1 Year
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2 Years
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3 Years
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Abstain
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Broker Non-Votes*
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86,872,769
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186,862
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4,824,401
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219,739
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19,524,880
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In accordance with the frequency receiving the majority of votes cast, the Company’s
Board of Directors has determined that the frequency of future advisory votes on executive compensation will occur every year until the next required vote or until the Board of Directors otherwise determines that a different frequency for such votes is in the best interests of the Company’s stockholders. The next required advisory vote on the frequency of future advisory votes on executive
compensation will take place no later than the 2027 annual meeting of stockholders.
Proposal 5. The Company’s stockholders did not approve an amendment to the Amended and Restated Bylaws to implement majority voting in uncontested director elections. The results of the vote are summarized in the table below.
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes*
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90,309,479
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1,676,192
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118,100
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19,524,880
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Proposal 6a. The Company’s stockholders did not approve amendments to the Amended and Restated Certificate of Incorporation to eliminate the supermajority voting requirement to amend certain provisions of the Amended and Restated
Certificate of Incorporation. The results of the vote are summarized in the table below.
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes*
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89,219,083
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2,695,404
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189,284
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19,524,880
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Proposal 6b. The Company’s stockholders did not approve amendments to the Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws to eliminate the supermajority voting requirements to amend the Amended and
Restated Bylaws. The results of the vote are summarized in the table below.
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes*
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89,210,528
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2,691,525
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201,718
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19,524,880
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Proposal 6c. The Company’s stockholders did not approve amendments to the Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws to eliminate the supermajority voting requirements to remove directors and to
appoint directors in the event that the entire Board of Directors is removed. The results of the vote are summarized in the table below.
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes*
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89,293,479
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2,618,219
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192,073
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19,524,880
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Proposal 7. The Company’s stockholders approved the Rights Agreement, dated April 6, 2020, between the Company and American Stock Transfer & Trust Company LLC designed to preserve the value of certain tax assets associated with the
Company’s net operating losses under Section 382 of the Internal Revenue Code of 1986, as amended. The results of the vote are summarized in the table below.
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes*
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80,442,021
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11,513,775
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147,975
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19,524,880
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* Broker non-votes are instances where a broker holding shares of record for a beneficial owner does not vote the shares because it has not received
voting instructions from the beneficial owner and therefore is precluded by the rules of the New York Stock Exchange (“NYSE”) from voting on a particular matter. Under NYSE rules, when a broker holding shares in “street name” does not receive
voting instructions from a beneficial owner, the broker has discretionary authority to vote on certain routine matters but is prohibited from voting on non-routine matters. Brokers who did not receive instructions were entitled to vote on the
ratification of the appointment of the independent registered public accounting firm but not entitled to vote on any other proposals at the Annual Meeting.