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Section 1: 8-K (8-K)

cto_current_folio_8-K_20200504

 

 

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 29, 2020

 

Consolidated-Tomoka Land Co.

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

 

Florida

(State or other jurisdiction of incorporation)

001-11350

(Commission File Number)

59-0483700

(IRS Employer Identification No.)

 

 

1140 N. Williamson Blvd., Suite 140

Daytona Beach, Florida

(Address of principal executive offices)

 

32114

(Zip Code)

 

Registrant’s telephone number, including area code: (386) 274-2202

 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

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.  

 

 

 

 

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

 

The 2020 Annual Meeting of Shareholders (the “2020 Annual Meeting”) of Consolidated-Tomoka Land Co. (the “Company”) was held on April 29, 2020 at the Company’s corporate office at 1140 N. Williamson Blvd., Suite 140, Daytona Beach, Florida.  At the 2020 Annual Meeting, the Company’s shareholders (i) elected John P. Albright, George R. Brokaw, Laura M. Franklin, R. Blakeslee Gable, Christopher W. Haga, Howard C. Serkin, and Casey R. Wold to serve as members of the board of directors of the Company until the 2021 Annual Meeting of Shareholders; (ii) ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm; (iii) approved, on an advisory basis, the compensation of the Company’s named executive officers; (iv) approved an amendment to the Company’s equity incentive plan; and (v) approved an amendment to the Company’s articles of incorporation to change the Company’s name to “CTO Realty Growth, Inc.”

The proposals below are described in detail in the Company’s definitive proxy statement dated March 19,  2020 (the “Proxy Statement”).  The voting results for each proposal were as follows:

Proposal 1 – Election of Directors:

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

 

    

BROKER

 

 

FOR

 

AGAINST

 

ABSTAIN

 

NON-VOTE

John P. Albright

 

3,021,738

 

46,963

 

10,061

 

735,054

George R. Brokaw

 

2,668,693

 

402,360

 

7,709

 

735,054

Laura M. Franklin

 

2,948,229

 

123,961

 

6,572

 

735,054

R. Blakeslee Gable

 

2,942,997

 

127,056

 

8,709

 

735,054

Christopher W. Haga

 

2,702,520

 

368,533

 

7,709

 

735,054

Howard C. Serkin

 

2,723,271

 

347,782

 

7,709

 

735,054

Casey R. Wold

 

2,837,306

 

233,747

 

7,709

 

735,054

 

Proposal 2 – Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2019:

 

 

 

 

 

 

FOR

    

AGAINST

    

ABSTAIN

3,771,456

 

39,343

 

3,017

 

Proposal 3 – Advisory vote to approve executive compensation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BROKER

FOR

    

AGAINST

    

ABSTAIN

    

NON-VOTE

2,989,278

 

75,838

 

13,646

 

735,054

 

 

 

 

 

Proposal 4 – Amend the Company’s equity incentive plan:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BROKER

FOR

    

AGAINST

    

ABSTAIN

    

NON-VOTE

2,824,390

 

242,462

 

11,910

 

735,054

 

Proposal 5 – Amendment to the Company’s Articles of Incorporation to change the Company’s name to “CTO Realty Growth, Inc.”:

 

 

 

 

 

 

FOR

    

AGAINST

    

ABSTAIN

3,737,931

 

62,525

 

13,360

 

 

 

 

 

 

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.

 

 

 

Date: May 4, 2020

Consolidated-Tomoka Land Co.

 

 

 

 

By:

/s/John P. Albright

 

John P. Albright, President and Chief Executive Officer

 

 

 

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