Form 8-K

 

 

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 4, 2011

 

 

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Washington   000-13468   91-1069248

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

1015 Third Avenue, 12th Floor

Seattle, Washington 98104

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (206) 674-3400

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

 

 

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

See Item 5.07.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the annual meeting (the “Annual Meeting”) of shareholders of Expeditors International of Washington, Inc. (the “Company”) held on May 4, 2011, the shareholders of the Company: (1) elected each of the director nominees set forth below to serve until the next annual meeting of shareholders and until a successor is elected and qualified; (2) approved, on a non-binding basis, the compensation of the Company’s Named Executive Officers; (3) favored a non-binding vote on compensation of the Company’s Named Executive Officers on an annual basis; (4) approved and ratified the adoption of the 2011 Stock Option Plan; and (5) ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2011. No other business was transacted at the meeting. The final voting results of each of the proposals submitted to a vote of the shareholders of the Company at the Annual Meeting are set forth below.

 

  (1) To elect the following eight (8) directors, each to serve until the next annual meeting of shareholders and until a successor is elected and qualified:

 

     Number of Shares  
     Voted For      Voted Against      Abstain      Broker Non-Votes  

Mark A. Emmert

     162,867,676         7,130,256         35,949         13,167,982   

R. Jordan Gates

     148,919,824         21,079,962         34,095         13,167,982   

Dan P. Kourkoumelis

     165,373,150         4,625,787         34,944         13,167,982   

Michael J. Malone

     165,784,034         4,206,589         43,258         13,167,982   

John W. Meisenbach

     165,297,187         4,700,765         35,929         13,167,982   

Peter J. Rose

     161,463,958         8,516,311         53,612         13,167,982   

James L.K. Wang

     163,042,504         6,960,060         31,317         13,167,982   

Robert R. Wright

     167,434,912         2,562,763         36,207         13,167,982   

 

  (2) To approve, on a non-binding basis, the compensation of the Company’s Named Executive Officers:

 

Number of Shares

Voted For

 

Voted Against

 

Abstain

 

Broker Non-Votes

163,184,491

  6,183,570   665,820   13,167,982

 

  (3) To conduct a non-binding vote on the frequency of a non-binding vote on compensation of the Company’s Named Executive Officers:

 

Number of Shares

1 Year

 

2 Years

 

3 Years

 

Abstain

 

Broker Non-Votes

145,111,802

  4,412,591   19,822,057   687,431   13,167,982

 

  (4) To approve and ratify the adoption of the 2011 Stock Option Plan:

 

Number of Shares

Voted For

 

Voted Against

 

Abstain

 

Broker Non-Votes

145,194,128

  24,116,795   722,958   13,167,982

 

  (5) To ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2011:

 

Number of Shares

Voted For

 

Voted Against

 

Abstain

 

Broker Non-Votes

180,772,481

  2,119,595   309,787   —  


Given the strong shareholder support for the Board of Directors’ recommendation of submitting the non-binding vote on compensation of the Company’s Named Executive Officers to shareholders on an annual basis, the Board of Directors has decided at this time to conduct this vote annually.


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.

 

   

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

(Registrant)

Date: May 6, 2011     By:  

/s/ Amy J. Tangeman

      Amy J. Tangeman
      Vice President, General Counsel and Secretary