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
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August 28, 2014 |
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Date of Report (Date of earliest event reported) |
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AMERCO |
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(Exact name of registrant as specified in its charter) |
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Nevada |
1-11255 |
88-0106815 |
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(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
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1325 Airmotive Way, Ste. 100 Reno, Nevada 89502-3239 |
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(Address of Principal Executive Offices) |
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(775) 688-6300 |
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(Registrant’s telephone number, including area code) |
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.07 Submission of Matters to a Vote of Security Holders
On August 28, 2014, AMERCO (the “Company”) held its 2014 Annual Meeting of Stockholders. At such meeting our stockholders voted upon and approved: (i) the election of Edward J. Shoen, James E. Acridge, Charles J. Bayer, John P. Brogan, John M. Dodds, Michael L. Gallagher, Daniel R. Mullen and James P. Shoen as directors of the Company, to serve until the 2015 Annual Meeting of Stockholders of the Company (“Proposal 1”); (ii) an advisory vote on the approval of compensation paid to the Company’s named executive officers (“Proposal 2”); (iii) the ratification of the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for fiscal 2015 (“Proposal 3”) and (iv) a proposal received from Company stockholder proponents to ratify and affirm the decisions and actions taken by the Board of Directors and executive officers of the Company, with respect to AMERCO and its subsidiaries, for the time frame of April 1, 2013 and March 31, 2014 (“Proposal 4”).
The following table sets forth the votes cast for, against or withheld, as well as the number of abstentions and broker non-votes with respect to each matter voted on at the 2014 Annual Meeting of Stockholders of AMERCO.
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Votes Cast For |
Votes Cast Against |
Votes Withheld |
Abstentions |
Broker Non-votes |
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Proposal 1 |
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Edward J. Shoen |
14,130,079 |
- |
2,542,773 |
- |
1,168,734 |
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James E. Acridge |
16,364,831 |
- |
308,021 |
- |
1,168,734 |
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Charles J. Bayer |
16,453,425 |
- |
219,427 |
- |
1,168,734 |
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John P. Brogan |
16,553,725 |
- |
119,127 |
- |
1,168,734 |
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John M. Dodds |
16,238,315 |
- |
434,537 |
- |
1,168,734 |
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Michael L. Gallagher |
16,350,192 |
- |
322,660 |
- |
1,168,734 |
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Daniel R. Mullen |
16,362,028 |
- |
310,824 |
- |
1,168,734 |
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James P. Shoen |
14,130,381 |
- |
2,542,471 |
- |
1,168,734 |
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|
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Proposal 2 |
16,598,878 |
42,343 |
- |
31,631 |
1,168,734 |
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Proposal 3 |
17,783,833 |
35,058 |
- |
22,695 |
- |
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Proposal 4 |
13,431,598 |
3,212,121 |
- |
29,133 |
1,168,734 |
Item 8.01 Other Events
On August 28, 2014, the Company stated in its Virtual Analyst and Investor webcast that subsidiaries of the Company had defeased approximately $127 million of their senior mortgage loans due 2015 (the “Defeasance Transaction”). Throughout July and August of 2014, subsidiaries of the Company entered into new mortgage loan agreements in the aggregate principal amount of $204 million (the “New Loans”) with various lenders, to refinance the properties that were repaid and released pursuant to the Defeasance Transaction. The interest rates on the New Loans range from 4.22% to 4.72% with maturity dates ranging from 2024 to 2034.
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.
Dated: September 2, 2014
AMERCO
/s/ Jason A. Berg
Jason A. Berg,
Principal Financial Officer and