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 30, 2017 (May 25, 2017)

 

VERITIV CORPORATION
(Exact name of registrant as specified in its charter)

 
Delaware
(State or other jurisdiction of incorporation)

001-36479	 	46-3234977	
(Commission File Number)	 	(IRS Employer Identification No.)	

1000 Abernathy Road NE
Building 400, Suite 1700
Atlanta, Georgia
(Address of principal executive offices)	 	30328
(Zip Code)	
 
Registrant’s telephone number, including area code: (770) 391-8200

 
(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:
 
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))
 
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 o
 
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. o

 

 

Item 5.02.	 	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.	
 
As described in Item 5.07 below, at the 2017 Annual Meeting of Stockholders (the “Annual Meeting”) of Veritiv Corporation (“Veritiv” or the “Company”) held on May 25, 2017, the Company’s stockholders approved the Veritiv Corporation 2014 Omnibus Incentive Plan, as amended and restated (the “Equity Plan”), and the Veritiv Corporation 2015 Annual Incentive Plan, as amended and restated (the “Cash Plan” and, together with the Equity Plan, the “Plans”), which had been previously approved by the Company’s Board of Directors (the “Board”), subject to stockholder approval.
 
A summary of the material terms of the Equity Plan and the Cash Plan is set forth under Proposal 4 and Proposal 5, respectively, of the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission (the “Commission”) on April 13, 2017 (the “Proxy Statement”). The summaries of the Plans are qualified in their entirety by reference to the full text of the Plans, copies of which are set forth as Appendix A and Appendix B, respectively, to the Proxy Statement, and incorporated by reference herein as Exhibits 10.1 and 10.2, respectively.

Item 5.07.	 	Submission of Matters to a Vote of Security Holders.	
 
At the Annual Meeting, of the 15,690,745 shares of Veritiv common stock outstanding and entitled to vote, 15,006,629 shares were represented, constituting a quorum.  At the meeting, Veritiv stockholders voted on five proposals and cast their votes as described below. The proposals are described in detail in the Proxy Statement.

Item No. 1 :	 	Veritiv stockholders elected as directors the eight nominees named in the Proxy Statement and recommended by the Board to serve for a one year term expiring at the 2018 Annual Meeting of Stockholders and until their respective successors are elected and qualified, as follows:	

 	 	 	 	Votes	 	 	 	Broker	
Name	 	Votes For	 	Against	 	Abstentions	 	Non-Votes	
 	 	 	 	 	 	 	 	 	
Daniel T. Henry	 	13,630,655	 	107,777	 	5,262	 	1,262,935	
 	 	 	 	 	 	 	 	 	
Lisa K. Landsman	 	13,624,713	 	113,831	 	5,150	 	1,262,935	
 	 	 	 	 	 	 	 	 	
Mary A. Laschinger	 	13,208,871	 	529,679	 	5,141	 	1,262,935	
 	 	 	 	 	 	 	 	 	
Tracy A. Leinbach	 	13,629,023	 	109,496	 	5,175	 	1,262,935	
 	 	 	 	 	 	 	 	 	
William E. Mitchell	 	13,630,423	 	107,817	 	5,454	 	1,262,935	
 	 	 	 	 	 	 	 	 	
Michael P. Muldowney	 	13,629,892	 	108,820	 	4,982	 	1,262,935	
 	 	 	 	 	 	 	 	 	
Charles G. Ward, III	 	13,628,699	 	109,883	 	5,111	 	1,262,935	
 	 	 	 	 	 	 	 	 	
John J. Zillmer	 	13,543,321	 	195,304	 	5,069	 	1,262,935	

Item No. 2:	 	Veritiv stockholders ratified the appointment of Deloitte & Touche LLP as Veritiv’s independent registered public accounting firm for 2017, as follows:	

Votes For	 	Votes Against	 	Abstentions	 	Broker Non-Votes	
14,978,586	 	20,192	 	7,851	 	0	
 
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Item No. 3 :	 	Veritiv stockholders approved, on an advisory basis, Veritiv’s executive compensation, as follows:	

Votes For	 	Votes Against	 	Abstentions	 	Broker Non-Votes	
13,673,837	 	61,018	 	8,839	 	1,262,935	

Item No. 4:	 	Veritiv stockholders approved the Veritiv Corporation 2014 Omnibus Incentive Plan, as amended and restated to increase the number of shares available for issuance under the plan and to modify the performance goals that may be used to grant awards that are intended to qualify as performance-based compensation, as follows:	

Votes For	 	Votes Against	 	Abstentions	 	Broker Non-Votes	
10,288,665	 	2,591,942	 	863,087	 	1,262,935	

Item No. 5:	 	Veritiv stockholders approved the Veritiv Corporation 2015 Annual Incentive Plan, as amended and restated to modify the performance goals that may be used to grant awards that are intended to qualify as performance-based compensation, as follows:	

Votes For	 	Votes Against	 	Abstentions	 	Broker Non-Votes	
12,828,225	 	51,540	 	863,929	 	1,262,935	

Item 9.01.	 	Financial Statements and Exhibits.	
 
(d) Exhibits.

10.1	 	Veritiv Corporation 2014 Omnibus Incentive Plan, as amended and restated effective March 8, 2017, incorporated by reference to Appendix A of the Company’s Definitive Proxy Statement on Schedule 14A, as filed with the Commission on April 13, 2017.	
 	 	 	
10.2	 	Veritiv Corporation 2015 Annual Incentive Plan, as amended and restated effective March 8, 2017, incorporated by reference to Appendix B of the Company’s Definitive Proxy Statement on Schedule 14A, as filed with the Commission on April 13, 2017.	

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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.

 	VERITIV CORPORATION	

Date: May 30, 2017	/s/ Mark W. Hianik	
 	Mark W. Hianik	
 	Senior Vice President, General Counsel & Corporate Secretary	
 
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EXHIBIT INDEX

Exhibit
Number	 	Description of Exhibit	
 	 	 	
10.1	 	Veritiv Corporation 2014 Omnibus Incentive Plan, as amended and restated effective March 8, 2017, incorporated by reference to Appendix A of the Company’s Definitive Proxy Statement on Schedule 14A, as filed with the Commission on April 13, 2017.	
 	 	 	
10.2	 	Veritiv Corporation 2015 Annual Incentive Plan, as amended and restated effective March 8, 2017, incorporated by reference to Appendix B of the Company’s Definitive Proxy Statement on Schedule 14A, as filed with the Commission on April 13, 2017.	
 
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