Submission of Matters to a Vote of Security Holders
The Annual Meeting of Stockholders (the 'Annual Meeting') of Security National Financial Corporation (the 'Company') was held on June 25, 2021, in Draper, Utah. As of April 30, 2021, the record date, there were issued and outstanding 16,667,398 votable shares of Class A common stock and 2,574,800 votable shares of Class C common stock for a total of 19,242,198 votable shares of the Company's common stock outstanding. A majority of the outstanding shares of Class A and Class C common stock (or 9,660,497 shares) constituted a quorum for the transaction of business at the Annual Meeting. A total of 15,482,960 votes were cast, which was a majority of the outstanding shares of Class A and Class C common stock, and thus a quorum for purposes of the Annual Meeting.
At the Annual Meeting, the Company's stockholders (i) approved the election of Scott M. Quist, John L Cook, Jason G. Overbaugh, Gilbert A. Fuller, Robert G. Hunter, M.D., Ludmya B. Love, Shital A. Mehta, H. Craig Moody, S. Andrew Quist, and Adam G. Quist as directors of the Company; (ii) approved, on an advisory basis, the compensation of the Company's named executive officers; and (iii) ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accountants for the fiscal year ended December 31, 2021.
The results of the voting at the Annual Meeting on the matters submitted to the stockholders are set forth below. It should be noted that at the Company's Annual Meeting held on July 2, 2014, the stockholders approved a resolution providing for a 1-for-10 reverse stock split of the Company's Class C common stock and for weighted voting of the Class C common stock. As a result, each share of Class C common stock has weighted voting of ten votes per share and may be converted into one share of Class A common stock. The voting results at the Annual Meeting set forth below reflect the weighted voting for the Class C common shares.
1.To elect three directors to be voted upon by Class A common stockholders voting separately as a class to serve until the next Annual Meeting and until their successors are duly elected and qualified.
|
Name |
Class |
Votes For |
Votes Withheld |
|
Scott M. Quist |
Class A |
10,608,995 |
301,663 |
|
John L Cook |
Class A |
10,324,769 |
585,889 |
|
Jason G. Overbaugh |
Class A |
10,447,098 |
463,560 |
2.To elect the remaining seven directors to be voted upon by Class A and Class C common stockholders together to serve until the next Annual Meeting and until their successors are duly elected and qualified.
|
Name |
Class |
Votes For |
Votes Withheld |
|
Gilbert A. Fuller |
Class A |
10,324,507 |
586,151 |
|
Class C |
25,465,340 |
- |
|
|
Total |
35,789,847 |
586,151 |
|
|
Robert G. Hunter, M.D. |
Class A |
10,292,068 |
618,590 |
|
Class C |
25,465,340 |
- |
|
|
Total |
35,757,408 |
618,590 |
|
|
Ludmya B. Love |
Class A |
10,708,336 |
202,322 |
|
Class C |
25,465,340 |
- |
|
|
Total |
36,173,676 |
202,322 |
-3-
|
Shital A. Mehta |
Class A |
10,703,331 |
207,237 |
|
Class C |
25,465,340 |
- |
|
|
Total |
36,168,671 |
207,237 |
|
|
H. Craig Moody |
Class A |
10,126,356 |
784,302 |
|
Class C |
25,465,340 |
- |
|
|
Total |
35,591,696 |
784,302 |
|
Name |
Class |
Votes For |
Votes Withheld |
|
S. Andrew Quist |
Class A Class C Total |
10,443,941 25,465,340 35,909,281 |
466,717 - 466,717 |
|
Adam G. Quist |
Class A Class C Total |
10,446,065 25,465,340 35,911,405 |
464,593 - 464,593 |
3. To approve, on an advisory basis, the compensation of the Company's Named Executive Officers.
|
Class |
Votes For |
Votes Against |
Votes Abstaining |
|
Class A |
10,542,374 |
268,230 |
100,054 |
|
Class C |
25,465,340 |
-_ |
- |
|
Total |
36,007,714 |
268,230 |
100,054 |
4.To ratify the appointment of Deloitte & Touche as the Company's independent registered public accountants for the year ended December 31, 2021.
|
Class |
Votes For |
Votes Against |
Votes Abstaining |
|
Class A |
12,794,004 |
14,528 |
127,894 |
|
Class C |
25,465,340 |
- |
- |
|
Total |
38,259,344 |
14,528 |
127,894 |
Attachments
Disclaimer
SNFC - Security National Financial Corporation published this content on 29 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2021 21:09:25 UTC.
