News Column

ST JUDE MEDICAL INC FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

May 2, 2014



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

The Annual Meeting of Shareholders (the "Annual Meeting") of St. Jude Medical, Inc. (the "Company") was held on May 1, 2014. The final voting results on each of the matters submitted to a vote of the Company's shareholders at the Annual Meeting are set forth below:

(1) A proposal to elect three members to the Company's Board of Directors for

terms ending in 2017. The shareholders elected each of the three nominees to the Board of Directors with the following votes: Director Votes For Votes Against Abstentions Broker Non-Votes



Richard R. Devenuti 215,795,673 4,584,228 1,972,572 24,961,632 Stefan K. Widensohler 218,518,904 1,861,326 1,972,243 24,961,632 Wendy L. Yarno 217,086,086 3,293,435 1,972,952 24,961,632

(2) A non-binding proposal to approve the compensation of the Company's named

executive officers. The proposal was approved and received the following votes:



Votes For Votes Against Abstentions Broker Non-Votes 191,687,878 29,052,193 1,612,402 24,961,632

(3) A proposal to approve the St. Jude Medical, Inc. Management Incentive

Compensation Plan. The proposal was approved and received the following votes:



Votes For Votes Against Abstentions Broker Non-Votes 193,427,281 27,718,872 1,206,320 24,961,632

(4) A proposal to amend the Company's Articles of Incorporation and Bylaws to

declassify the Board of Directors. The proposal was not approved and received the following votes:



Votes For Votes Against Abstentions Broker Non-Votes 213,193,489 8,378,861 780,123 24,961,632

As disclosed in the Company's 2014 Notice of Annual Meeting and Proxy Statement, the affirmative vote of at least 80% of the votes entitled to be cast at the Annual Meeting by holders of all outstanding shares of the Company's common stock was required to approve the proposal to declassify the Company's Board of Directors. On the record date for the Annual Meeting, there were 283,903,178 shares of the Company's common stock outstanding.

(5) A proposal to ratify the appointment of Ernst & Young LLP as the Company's

independent registered public accounting firm for 2014. The proposal was approved and received the following votes:



Votes For Votes Against Abstentions Broker Non-Votes 236,286,056 10,407,173 620,876

2


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters