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UTI WORLDWIDE INC FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

June 12, 2014



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

UTi Worldwide Inc., (the "Company") held its annual meeting of shareholders on June 9, 2014 (the "Annual Meeting") in the Company's Long Beach Solutions Center located at 100 Oceangate Boulevard, Suite 1500, Long Beach, California 90802, USA. Holders of the Company's ordinary shares were entitled to one vote per share and holders of the Company's convertible preference shares were entitled to the number of votes equal to the number of ordinary shares which could have been issued had the convertible preference shares been convertible on the record date. Holders of the Company's ordinary shares and convertible preference shares voted together, as a single class, on all matters (including the election of directors) submitted to a vote of shareholders at the Annual Meeting. The voting results for each item of business properly presented at the Annual Meeting are set forth below.

Proposal 1 - Election of Directors

At the Annual Meeting, both of the Company's nominees as listed in the Company's proxy statement were elected. Accordingly, the following individuals were elected as class "B" directors to serve a three year term and until their respective successors are duly elected and qualified. The results of the vote were as follows: Votes Broker Name of Nominee Votes For Against Abstentions Non-Votes Eric W. Kirchner 84,784,536 2,231,472 64,211 4,890,377 Leon J. Level 76,518,512 10,052,969 598,738 4,890,377



Proposal 2 - Advisory Vote on Executive Compensation

At the Annual Meeting, the Company's shareholders voted to approve, on an advisory basis, the compensation paid to the Company's named executive officers as disclosed pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis and the compensation tables and narrative discussion following the Compensation Discussion and Analysis. The results of the vote were as follows:

Broker Votes For Votes Against Abstentions Non-Votes 85,109,907 1,637,163 423,149 4,890,377



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Proposal 3 - Ratification of the Appointment of Independent Registered Public Accountants

At the Annual Meeting, the appointment of Deloitte & Touche LLP as the Company's independent registered public accountants for the fiscal year ending January 31, 2015 was ratified by the Company's shareholders. The results of the vote were as follows:

Broker Votes For Votes Against Abstentions Non-Votes 90,998,194 1,059,819 2,583 0



Proposal 4 - Approval of the Flexible Settlement Feature in Connection with the Potential Conversion of the Company's 4.50% Convertible Senior Notes Due 2019

At the Annual Meeting, the Company's shareholders voted to approve the flexible settlement feature in connection with the potential conversion of the Company's 4.50% Convertible Senior Notes Due 2019 (the "2019 Notes"). Accordingly, the Company will now have the option to settle conversions of the 2019 Notes by paying cash, issuing shares, or by a combination of paying cash and issuing shares as provided for in the Indenture for the 2019 Notes. The results of the vote were as follows:

Broker Votes For Votes Against Abstentions Non-Votes 85,349,537 968,999 851,683 4,890,377



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Source: Edgar Glimpses