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):  June 21, 2017

 

IAC/INTERACTIVECORP

(Exact name of registrant as specified in charter)

 

Delaware

 

0-20570

 

59-2712887

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

555 West 18th Street, New York, NY

 

10011

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:   (212) 314-7300

 

 

(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 (§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 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 June 21, 2017, IAC’s annual meeting of stockholders was held.  Stockholders present in person or by proxy, representing 72,963,884 shares of IAC common stock (entitled to one vote per share) and 5,789,499 shares of IAC Class B common stock (entitled to ten votes per share), voted on the following matters:

 

1.             Election of Directors — stockholders elected the following twelve (12) directors of the Company to hold office until the next annual meeting of stockholders or until their successors have been duly elected and qualified.

 

Elected by holders of IAC common stock voting as a separate class:

 

 

 

Number of Votes
Cast in Favor

 

Number of Votes For Which
Authority Was Withheld

 

Bryan Lourd

 

54,899,305

 

1,000,601

 

Alan G. Spoon

 

53,678,697

 

2,221,209

 

Richard F. Zannino

 

55,320,075

 

579,831

 

 

Elected by holders of IAC common stock and IAC Class B common stock, voting together as a single class:

 

 

 

Number of Votes Cast
in Favor

 

Number of Votes For Which
Authority Was Withheld

Edgar Bronfman, Jr.

 

108,895,383

 

4,899,516

Chelsea Clinton

 

112,116,077

 

1,678,819

Barry Diller

 

111,887,675

 

1,907,221

Michael D. Eisner

 

112,486,783

 

1,308,113

Bonnie S. Hammer

 

112,879,430

 

915,466

Victor A. Kaufman

 

112,245,499

 

1,549,397

Joseph Levin

 

112,657,385

 

1,137,511

David S. Rosenblatt

 

112,871,156

 

923,740

Alexander von Furstenberg

 

111,330,785

 

579,831

 

In addition to the votes cast and withheld for each director nominee described above, there were 6,796,222 broker non-votes with respect to each director nominee.

 

2.             The Say on Pay Proposal—stockholders approved (on an advisory basis) the compensation paid to the Company’s named executive officers for the fiscal year ended December 31, 2016.  Stockholders eligible to vote voted as follows:

 

Stockholders eligible to vote voted as follows:

 

Number of Votes Cast in Favor

 

Number of Votes Cast Against

 

Number of Votes Abstaining

110,983,687

 

2,686,614

 

124,595

 

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In addition to the votes cast and abstentions described above, there were 6,796,222 broker non-votes with respect to the Say on Pay Proposal.

 

3.             Frequency of the Say on Pay Vote Proposal—stockholders approved (on an advisory basis) an advisory vote to approve the compensation paid to the Company’s named executive officers every three years.  Stockholders eligible to vote voted as follows:

 

One Year

 

Two Years

 

Three Years

 

Number of Votes 
Abstaining

42,725,944

 

85,250

 

70,924,478

 

59,224

 

In addition to the votes cast and abstentions described above, there were 6,796,222 broker non-votes with respect to the Frequency of the Say on Pay Vote Proposal.  Based on these results, and consistent with the Company’s recommendation, future stockholder advisory votes on executive compensation will occur every three years. Accordingly, the next stockholder advisory vote on executive compensation is scheduled to be held at the Company’s 2020 Annual Meeting of Stockholders. The next required stockholder advisory vote regarding the frequency interval is scheduled to be held in six years at the Company’s 2023 Annual Meeting of Stockholders.

 

4.             The Auditor Ratification Proposal — stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2017.  Stockholders eligible to vote voted as follows:

 

Number of Votes Cast in Favor

 

Number of Votes Cast Against

 

Number of Votes Abstaining

119,536,591

 

1,009,205

 

45,322

 

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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.

 

 

IAC/INTERACTIVECORP

 

 

 

By:

/s/ Gregg Winiarski

 

Name:

Gregg Winiarski

 

Title:

Executive Vice President,
General Counsel and Secretary

 

 

Date: June 27, 2017

 

 

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