ufi-8k_20171031.DOCX.htm

 

 

 

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):  October 25, 2017

 

UNIFI, INC.

(Exact name of registrant as specified in its charter)

 

New York
(State or other jurisdiction
of incorporation)

1-10542

(Commission
File Number)

11-2165495
(IRS Employer
Identification No.)

 

7201 West Friendly Avenue

Greensboro, North Carolina 27410

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (336) 294-4410

 

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:

 

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))

 

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

 

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.  

 

 

 


 

Item 5.07.

Submission of Matters to a Vote of Security Holders.

 

(a) On October 25, 2017, Unifi, Inc. (the “Company”) held its 2017 Annual Meeting of Shareholders (the “Annual Meeting”).

 

(b) At the Annual Meeting, the Company’s shareholders (i) elected all nine of the Company’s nominees for director to serve for a term of one year or until their successors are duly elected and qualified; (ii) approved, on an advisory basis, the Company’s named executive officer compensation in fiscal 2017; (iii) voted, on an advisory basis, in favor of holding future advisory votes to approve the Company’s named executive officer compensation every year; and (iv) ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for fiscal 2018. The proposals are further described in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on September 12, 2017.

 

Final voting results on each proposal submitted to the Company’s shareholders at the Annual Meeting are as follows:

 

1.Election of directors:

 

 

Votes

For

 

Votes

Against

 

 

Abstentions

 

Broker

Non-Votes

Robert J. Bishop

14,716,400

 

58,660

 

38,078

 

2,146,239

Thomas H. Caudle, Jr.

14,474,667

 

298,598

 

39,873

 

2,146,239

Paul R. Charron

14,667,676

 

106,143

 

39,319

 

2,146,239

Archibald Cox, Jr.

14,608,269

 

166,872

 

37,997

 

2,146,239

Kevin D. Hall

14,706,605

 

68,205

 

38,328

 

2,146,239

James M. Kilts

14,575,596

 

199,024

 

38,518

 

2,146,239

Kenneth G. Langone

14,551,519

 

223,647

 

37,972

 

2,146,239

James D. Mead

14,695,948

 

79,028

 

38,162

 

2,146,239

Suzanne M. Present

14,707,672

 

67,544

 

37,922

 

2,146,239

 

2.Advisory vote to approve the Company’s named executive officer compensation in fiscal 2017:

 

Votes

For

 

Votes

Against

 

 

Abstentions

 

Broker

Non-Votes

14,001,457

 

611,285

 

200,396

 

2,146,239

             

3.Advisory vote on the frequency of future advisory votes to approve the Company’s named executive officer compensation:

 

 

1 Year

 

 

2 Years

 

 

3 Years

 

 

Abstentions

 

Broker

Non-Votes

11,181,797

 

21,396

 

3,418,155

 

191,790

 

2,146,239

 

4.Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for fiscal 2018:

 

Votes

For

 

Votes

Against

 

 

Abstentions

 

Broker

Non-Votes

16,722,053

 

20,456

 

216,868

 

0

 

 


 

(d)In accordance with the recommendation of the Board of Directors (the “Board”), the Company’s shareholders voted, on an advisory basis, in favor of holding future advisory votes to approve the Company’s named executive officer compensation every year. Based on the voting results, the Company will include an advisory shareholder vote to approve the Company’s named executive officer compensation in its proxy materials on an annual basis until the next required advisory vote on the frequency of shareholder votes to approve the Company’s named executive officer compensation, which will occur no later than the Company’s annual meeting of shareholders in 2023.

 

Item 8.01.Other Events.

 

On October 25, 2017, the Board, upon the recommendation of the Corporate Governance and Nominating Committee of the Board, adopted an amended and restated Director Compensation Policy, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

 

Item 9.01.Financial Statements and Exhibits.

 

(d)Exhibits.

 

Exhibit
No.

  

Description

10.1*

 

Unifi, Inc. Director Compensation Policy.

 

 

*

Indicates a management contract or compensatory plan or arrangement.


 


 

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.

 

 

 

 

UNIFI, INC.

 

 

 

 

Date:  October 30, 2017

 

By:

/s/ KEVIN D. HALL

 

 

 

Kevin D. Hall

 

 

 

Chairman of the Board and

Chief Executive Officer