UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
Watsco, Inc., a Florida corporation (the “Company”), held its Annual Meeting of Shareholders (the “Annual Meeting”) on June 7, 2021. The final voting results for the proposals submitted to a vote of the Company’s shareholders at the Annual Meeting are as follows:
Proposal 1. As set forth in the table that follows, (1) election of one director to serve as a Common stock director by Common shareholders voting as a single class and (2) election of two Class B Common stock directors by Class B Common shareholders voting as a single class, in each case for terms to expire at the 2024 annual meeting of shareholders:
| Nominee |
Term | Votes For | Votes Withheld |
Broker Non-Votes |
||||||||||||
| Common Stock: |
||||||||||||||||
| George P. Sape |
2024 | 20,848,244 | 7,715,562 | 1,931,042 | ||||||||||||
| Class B Common Stock: |
|
|||||||||||||||
| Aaron J. Nahmad |
2024 | 52,265,010 | 3,920 | 2,723,530 | ||||||||||||
| Albert H. Nahmad |
2024 | 52,265,010 | 3,920 | 2,723,530 | ||||||||||||
Proposal 2. Approval of the Watsco, Inc. 2021 Incentive Compensation Plan. The combined vote of the Company’s Common and Class B common stock was as follows:
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 69,952,413 |
10,807,135 | 73,188 | 4,654,572 |
The Company notes that Proposal 2 was approved by in excess of majority of votes cast, inclusive of abstentions.
Proposal 3. Approval of a non-binding advisory resolution regarding the compensation of the Company’s named executive officers. The combined vote of the Company’s Common and Class B common stock was as follows:
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 74,146,675 |
5,565,882 | 1,120,179 | 4,654,572 |
Proposal 4. Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2021 fiscal year. The combined vote of the Company’s Common and Class B common stock was as follows:
| Votes For |
Votes Against |
Abstentions |
Broker Non-Votes | |||
| 85,339,474 |
122,209 | 25,625 | — |
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, thereunto duly authorized.
| WATSCO, INC. | ||||||
| Dated: June 7, 2021 | By: | /s/ Ana M. Menendez | ||||
| Ana M. Menendez, | ||||||
| Chief Financial Officer | ||||||