News Column

MONRO MUFFLER BRAKE INC FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders, Other Events

August 7, 2014



Item 5.07 Submission of Matters to a Vote of Security Holders

The Annual Meeting of Shareholders ("Annual Meeting") of Monro Muffler Brake, Inc. (the "Company") was held on August 5, 2014. At the Annual Meeting, the Company's shareholders voted on each of the matters described below. Approximately 30,807,601 shares (representing 97.7% of total shares outstanding and entitled to vote) were present at the Annual Meeting either in person or by proxy.

1. The Company's shareholders elected four directors to Class 1 of the Board of Directors to serve a two-year term, until their successors have been elected and qualified at the 2016 annual meeting of shareholders. The number of shares that (i) voted for the election of each director and (ii) withheld authority to vote for each director, as well as the number of broker non-votes, are set forth in the table below.

Nominee Votes For Votes Withheld Broker Non-Votes Donald Glickman 25,467,606 4,101,954 1,238,041 John W. Van Heel 28,274,291 1,295,269 1,238,041 James R. Wilen 28,111,975 1,457,585 1,238,041 Elizabeth A. Wolszon 27,894,703 1,674,857 1,238,041



2. The Company's shareholders re-approved the Company's Management Incentive Compensation Plan. The number of shares voted for, against or abstained from voting for the re-approval of the Company's Management Incentive Compensation Plan and the number of broker non-votes, are set forth in the table below.

Votes For Votes Against Abstentions Broker Non-Votes 28,848,285 668,286 52,989 1,238,041



3. The Company's shareholders voted for approval of an advisory resolution regarding executive compensation. The number of shares that voted for, against or abstained from voting for executive compensation and the number of broker non-votes, are set forth in the table below.

Votes For Votes Against Abstentions Broker Non-Votes 29,328,446 100,146 140,968 1,238,041



4. The Company's shareholders ratified the re-appointment of PricewaterhouseCoopers, LLP as the Company's independent registered public accounting firm for the fiscal year ending March 28, 2015. The number of shares that voted for, against or abstained from voting for the ratification of the selection of PricewaterhouseCoopers, LLP are summarized in the table below.

Votes For Votes Against Abstentions 30,304,461 457,184 45,956

--------------------------------------------------------------------------------



Item 8.01 Voluntary Disclosure of Other Events

On August 5, 2014, the Board of Directors declared a quarterly cash dividend of $.13 per share for the second quarter of the Company's 2015 fiscal year, ending March 28, 2015. The dividend is payable on August 28, 2014 to shareholders of record as of August 18, 2014, including shares of common stock to which the holders of the Company's Class C Convertible Preferred Stock are entitled.

Exhibit No. Description 99.1 Press release, dated August 6, 2014.



--------------------------------------------------------------------------------


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