8-K
filed May 25, 2023, 7:59 PM ET
ticker SBAC
CIK 0001034054
other
confidence high
sentiment neutral
materiality 0.10
SBA Communications shareholders elect directors, ratify auditor, approve executive compensation
SBA COMMUNICATIONS CORP
- Elected three Class III directors (Bernstein, Bowen, Wilson) each with over 80M votes for; broker non-votes 3.3M.
- Ratified Ernst & Young as auditor for FY 2023 with 92.7M for vs 4.4M against.
- Advisory vote on named executive officer compensation approved (89.3M for, 4.5M against).
- Advisory frequency set to every 1 year (91.3M for 1 year); board adopts annual vote policy.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SBA COMMUNICATIONS CORP shareholders approved Advisory vote on compensation of named executive officers at the 2023-05-25 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
Proposal 3 The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers. For Against Abstain Broker Non-Vote 89,265,959 4,512,562 87,268 3,261,996
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SBA COMMUNICATIONS CORP shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm for 2023 fiscal year at the 2023-05-25 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
Proposal 2 The shareholders approved the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year. For Against Abstain Broker Non-Vote 92,680,820 4,401,960 45,005 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SBA COMMUNICATIONS CORP shareholders approved Advisory vote on frequency of future advisory votes on executive compensation - 1 Year at the 2023-05-25 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
Proposal 4 The shareholders voted in favor of a frequency of every one year for future advisory votes to approve the compensation of the Company’s named executive officers. 1 Year 2 Years 3 Years Abstain Broker Non-Vote 91,324,870 103,092 2,387,422 50,405 3,261,996
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SBA COMMUNICATIONS CORP shareholders approved Election of Class III Directors at the 2023-05-25 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
Proposal 1 The shareholders voted in favor of the election of the following director nominees as Class III directors for a term of office expiring at the 2026 Annual Meeting of Shareholders and, in each case, until his or her successor is duly elected and qualified. For Against Abstain Broker Non-Vote Steven E. Bernstein 80,380,376 13,408,670 76,743 3,261,996 Laurie Bowen 93,706,917 98,627 60,245 3,261,996 Amy E. Wilson 93,706,498 99,589 59,702 3,261,996
View on SEC.gov
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