comm-8k_20200508.htm
false 0001517228 0001517228 2020-05-08 2020-05-08

 

 

 

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):May 8, 2020

 

COMMSCOPE HOLDING COMPANY, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-36146

 

27-4332098

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

1100 CommScope Place, SE

Hickory, North Carolina 28602

(Address of principal executive offices)

 

Registrant’s telephone number, including area code:  (828) 324-2200

 

Not Applicable

(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:

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, par value $0.01 per share

COMM

The NASDAQ Stock Market

 

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.

CommScope Holding Company, Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Meeting”) on May 8, 2020.  The matters that were voted upon at the Meeting, and the number of votes cast for or against, as well as the number of abstentions and broker non-votes as to each such matter, as applicable, are set forth below, based upon 195,284,390 total shares of common stock eligible to vote at the Meeting, and 1,000,000 total shares of Series A Convertible Preferred Stock, which, as of the record date, were convertible into 36,363,636 shares of common stock, eligible to vote at the Meeting.  The holders of the Series A Convertible Preferred Stock, voting as a separate class, voted on the election of two directors. The holders of shares of common stock and shares of Series A Convertible Preferred Stock, voting together as a single class with the holders of Series A Convertible Preferred Stock voting on an as-converted basis as described in the Proxy Statement, voted on the election of three directors and on five other proposals at the Meeting.

Each of the proposals that were voted upon at the Meeting passed by the votes set forth in the tables below for each proposal.

(1)

The holders of Series A Convertible Preferred Stock, voting as a separate class, voted to elect two directors to serve a term expiring at the Company’s 2021 Annual Meeting of Stockholders or until their successors are elected and qualify to serve:

 

Name of Director

 

Votes For

 

Votes

Against

 

Abstentions

 

Broker

Non-Votes

 

Daniel F. Akerson

 

36,363,636

 

-

 

-

 

-

 

Patrick R. McCarter

 

36,363,636

 

-

 

-

 

-

 

(2)

The holders of shares of common stock and shares of Series A Convertible Preferred Stock voted together as a single class to elect three Class I Directors for terms ending at the Company’s 2023 Annual Meeting of Stockholders or until their successors are elected and qualify to serve:

 

Name of Director

 

Votes For

 

Votes

Against

 

Abstentions

 

Broker

Non-Votes

 

Frank M. Drendel

 

195,248,363

 

5,390,816

 

37,132

 

9,152,830

 

Joanne M. Maguire

 

193,684,406

 

6,957,992

 

33,913

 

9,152,830

 

Thomas J. Manning

 

197,052,109

 

3,588,413

 

35,789

 

9,152,830

 

 

 

 

Votes For

 

Votes

Against

 

Abstentions

(3)

Ratification of Independent Registered Public Accounting

   Firm for 2020:

 

209,114,475

 

665,567

 

49,099

 

 

 

 

 

Votes For

 

Votes

Against

 

Abstentions

 

Broker

Non-Votes

(4)

Non-binding advisory approval of the compensation

   of the Company's named executive officers:

 

132,360,535

 

67,385,418

 

930,358

 

9,152,830

 

 

2

 


 

 

 

 

Every

Year

 

Every 2

Years

 

Every 3

Years

 

Abstentions

 

Broker

Non-Votes

(5)

Non-binding advisory approval of the

   frequency of future advisory votes

   on the compensation of the

   Company's named executive

   officers:

 

199,366,056

 

129,571

 

359,152

 

821,532

 

9,152,830

 

Based on the outcome of the vote on the frequency of future advisory votes to approve executive compensation and consistent with its recommendation, the Board has determined that the Company will continue to hold such votes to approve executive compensation every year until the next required frequency vote. Accordingly, the Company will hold its next advisory vote to approve executive compensation at its 2021 annual meeting of stockholders.

 

 

 

Votes For

 

Votes

Against

 

Abstentions

 

Broker

Non-Votes

(6)

Approval of the elimination of restrictions on

   the issuance of common shares in connection

   with conversion or redemption of the preferred

   shares or Carlyle’s exercise of participation rights

   and on the voting of preferred shares:

 

197,949,094

 

1,784,285

 

942,932

 

9,152,830

 

 

 

 

 

Votes For

 

Votes

Against

 

Abstentions

 

Broker

Non-Votes

(7)

Approval of additional shares under the Company’s

   2019 Long-Term Incentive Plan:

 

169,104,568

 

30,756,235

 

815,508

 

9,152,830

 

On May 8, 2020, the Company issued a press release announcing the results of the Meeting.  A copy of the press release is filed as Exhibit 99.1 to this report and is incorporated herein by reference.

 

Item 9.01.  Financial Statements and Exhibits

(d) EXHIBITS

99.1 Press Release of CommScope Holding Company, Inc. dated May 8, 2020.  

 

3


 

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.

Dated:  May 11, 2020

COMMSCOPE HOLDING COMPANY, INC.

By:  /s/ Frank B. Wyatt, II

Frank B. Wyatt, II

Senior Vice President,

General Counsel and Secretary

 

 

 

 

 

comm-ex991_6.htm

 

Exhibit 99.1

 

 

CommScope Stockholders Approve Proxy Proposals

 

 

HICKORY, NC, May 8, 2020—The stockholders of CommScope Holding Company, Inc., a global leader in infrastructure solutions for communications networks, approved seven proxy proposals today at the company’s annual meeting of stockholders.

CommScope stockholders re-elected Frank M. Drendel, Joanne M. Maguire and Thomas J. Manning as Class I directors for terms ending in 2023 and ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the 2020 fiscal year. The stockholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers and a frequency of every year for future advisory votes on the compensation of the company’s named executive officers.  

In addition, the stockholders approved the elimination of restrictions on the issuance of common shares in connection with the conversion or redemption of the company’s preferred shares or Carlyle’s exercise of participation rights and on the voting of preferred shares and additional shares under the company’s 2019 Long-Term Incentive Plan.  Additionally, the holders of Series A Convertible Preferred Stock, voting as a separate class, re-elected Daniel F. Akerson and Patrick R. McCarter as directors for terms ending in 2021.

END

 

About CommScope

CommScope (NASDAQ: COMM) is pushing the boundaries of technology to create the world’s most advanced wired and wireless networks. Our global team of employees, innovators and technologists empower customers to anticipate what’s next and invent what’s possible. Discover more at www.commscope.com.

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Investor Contact:

Kevin Powers, CommScope

+1 828-323-4970

Kevin.powers@commscope.com

 


 

News Media Contact:

Danah Ditzig, CommScope

+1 952-403-8064

publicrelations@commscope.com

 

Source: CommScope