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): April 19, 2011
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Shenandoah Telecommunications Company
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(Exact name of registrant as specified in its charter)
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| Virginia | 0-9881 | 54-1162807 | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
500 Shentel Way P.O. Box 459 Edinburg, VA | 22824 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (540) 984-4141
Not applicable
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(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 (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2-(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 5.07 Submission of Matters to a Vote of Security Holders.
| (a) | On April 19, 2011, Shenandoah Telecommunications Company held its annual shareholder meeting. At the meeting, the directors set forth below were appointed to three year terms, and two proposals, one to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2011, and the second to approve named executive officer compensation, were approved by shareholders voting by proxy or in person. Shareholders were also asked to specify one of four choices on how frequently they would be asked to approve named executive officer compensation, and chose “every year” as the frequency with which the Company should hold such a non-binding advisory vote. |
| (b) | The final voting results with respect to each proposal voted upon at the annual shareholder meeting are set forth below. |
Proposal 1:
The Company’s shareholders elected each of the three nominees to the Board of Directors for a three-year term by a plurality of votes cast:
Votes For | Votes Withheld | Broker Non-Votes | ||||||||||
| Douglas C. Arthur | 15,970,946 | 601,949 | 2,554,349 | |||||||||
| Tracy Fitzsimmons | 15,951,443 | 621,452 | 2,554,349 | |||||||||
| John W. Flora | 15,974,359 | 598,536 | 2,554,349 | |||||||||
There were no abstentions in the election of directors.
Proposal 2:
The Company’s shareholders ratified the appointment of KPMG LLP, as set forth below:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 17,654,081 | 665,548 | 322,700 | 484,915 |
Proposal 3:
The Company’s shareholders approved by advisory vote the compensation paid to the Company’s named executive officers, as set forth below:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 14,590,089 | 960,225 | 1,022,579 | 2,554,351 |
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Proposal 4:
By advisory vote, the Company’s shareholders chose “every year” as the frequency of future advisory votes on named executive officer compensation, as set forth below:
| Every year | Every two years | Every three years | Abstentions | Broker Non-Votes | ||||
| 13,261,440 | 451,523 | 2,016,289 | 843,641 | 2,554,351 |
| (d) | The Company’s Board of Directors has determined that the Company will hold a non-binding advisory vote to approve the Company’s compensation of its named executive officers (a “say-on-pay vote”) every year until it next holds a non-binding advisory vote on the frequency with which the Company should hold future say-on-pay votes. |
Item 7.01 Regulation FD Disclosure.
The following information is furnished pursuant to Regulation FD: On April 19, 2011, Shenandoah Telecommunications Company held its annual shareholder meeting. The materials attached hereto as Exhibit 99.1 and Exhibit 99.2 were presented at the meeting. The presentations are also available on the Company’s website.
The presentation may contain forward-looking statements about Shenandoah Telecommunications regarding, among other things, our business strategy, our prospects and our financial position. These statements can be identified by the use of forward-looking terminology such as “believes,” “estimates,” “expects,” “intends,” “may,” “will,” “should,” “could,” or “anticipates” or the negative or other variation of these or similar words, or by discussions of strategy or risks and uncertainties. Shenandoah Telecommunications undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
The following exhibits are furnished with this Current Report on Form 8-K.
| Annual Meeting Presentation Slides |
| Annual Meeting Scripts |
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SIGNATURE
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 thereunto duly authorized.
| SHENANDOAH TELECOMMUNICATIONS COMPANY | |
| (Registrant) |
| April 22, 2011 | /S/ Adele M. Skolits | ||
| Adele M. Skolits | |||
| Vice President - Finance and | |||
| Chief Financial Officer | |||
| (Duly Authorized Officer) |
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