8-K
filed February 15, 2024, 6:59 PM ET
ticker IMKTA
CIK 0000050493
other material
confidence high
sentiment neutral
materiality 0.15
Ingles Markets elects eight directors, approves say-on-pay, rejects two shareholder proposals
INGLES MARKETS INC
- All eight director nominees elected: Class B nominees each received ~42.9M votes; Class A nominees Ferguson (2.3M) and Lowden (3.2M).
- Say-on-pay approved with 50,989,199 votes for and 3,077,889 against.
- Shareholder proposal on cage-free eggs defeated: 2,890,476 for, 50,250,807 against.
- Shareholder proposal on risk disclosure defeated: 3,021,489 for, 50,084,380 against.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INGLES MARKETS INC shareholders approved Election of eight members of the Board of Directors at the 2024-02-13 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-02-13
Exact text from the filing
1. Elect eight members of the Board of Directors by holders of Class A Common Stock and Class B Common Stock, as applicable, to serve until the 2025 Annual Meeting of Stockholders: Name Common Stock Votes For Votes Withheld Broker Non-Votes Ernest E. Ferguson Class A 2,283,213 8,919,884 0 John R. Lowden Class A 3,158,918 8,044,179 0 Fred D. Ayers Class B* 42,900,340 1,970 0 Robert P. Ingle, II Class B* 42,902,310 0 0 Patricia E. Jackson Class B* 42,902,310 0 0 James W. Lanning Class B* 42,902,310 0 0 Laura Ingle Sharp Class B* 42,900,340 1,970 0 Brenda S. Tudor Class B* 42,900,340 1,970 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INGLES MARKETS INC shareholders approved Non-binding approval of the Company's compensation for named executive officers at the 2024-02-13 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-02-13
Exact text from the filing
2. Consider and vote on a non-binding approval of the Company’s compensation for named executive officers as disclosed in the Company’s Proxy Statement for the Annual Meeting: Class A & B * For 50,989,199 Against 3,077,889 Abstain/Withheld 38,319 Broker Non-Votes 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INGLES MARKETS INC shareholders rejected Stockholder proposal regarding cage free egg progress disclosure at the 2024-02-13 meeting.
- Outcome
- failed
- Meeting
- 2024-02-13
Exact text from the filing
3. Consider and vote on a stockholder proposal regarding cage free egg progress disclosure as disclosed in the Company’s Proxy Statement for the Annual Meeting: Class A & B * For 2,890,476 Against 50,250,807 Abstain/Withheld 964,124 Broker Non-Votes 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INGLES MARKETS INC shareholders rejected Stockholder proposal concerning risk disclosure related to consumer expectations on significant policy matters at the 2024-02-13 meeting.
- Outcome
- failed
- Meeting
- 2024-02-13
Exact text from the filing
4. Consider and vote on a stockholder proposal concerning risk disclosure related to consumer expectations on significant policy matters as disclosed in the Company’s Proxy Statement for the Annual Meeting: Class A & B * For 3,021,489 Against 50,084,380 Abstain/Withheld 999,538 Broker Non-Votes 0
View on SEC.gov
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