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): June 1, 2017
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC.
(Exact name of registrant as specified in its charter)
Maryland | 001-35877 | 46-1347456 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1906 Towne Centre Blvd, Suite 370 Annapolis,
Maryland 21401
(Address of principal executive offices)
(410) 571-9860
(Registrants 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:
☐ | 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 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 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Effective June 1, 2017, Daniel K. McMahon will head the portfolio management team of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the Company). Mr. McMahon, CFA, 45, has been with the Company and its predecessor since 2000 in a variety of roles, most recently as a senior vice president since 2007 and as an executive vice president since 2015. He has played a role in analyzing, negotiating and structuring several billion dollars of transactions. Mr. McMahon previously worked with T. Rowe Price from 1997 to 2000. Mr. McMahon received his Bachelor of Arts degree from the University of California, San Diego in 1993, and is a CFA charter holder. He holds Series 24, 63 and 79 securities licenses.
In conjunction with this change and effective June 1, 2017, Nathaniel J. Rose was appointed as the executive vice president and chief investment officer of the Company. Mr. Rose, 39, has been with the Company and its predecessor since 2000, in a variety of roles, most recently as a senior vice president since 2007 and as an executive vice president and chief operating officer since 2015. In his new role, Mr. Rose has responsibility for origination and structure activities. He has been involved with a vast majority of the Companys transactions since 2000. He earned a joint Bachelor of Science and Bachelor of Arts degree from the University of Richmond in 2000, a Master of Business Administration degree from the Darden School of Business Administration at the University of Virginia in 2009, is a CFA charter holder and has passed the CPA examination. He holds Series 63 and 79 securities licenses.
Item 5.07 | Submission of Matters to a Vote of Security Holders. |
(a) The Annual Meeting of Stockholders (the Annual Meeting) of the Company was held on June 1, 2017, at which 47,917,175 shares of the Companys common stock were represented in person or by proxy representing approximately 92.6% of the issued and outstanding shares of the Companys common stock entitled to vote.
(b) At the Annual Meeting, the Companys stockholders (i) elected the seven directors below to serve on the Companys board of directors until the Companys 2018 annual meeting of stockholders and until their respective successors are duly elected and qualify, (ii) ratified the appointment of Ernst & Young LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017, (iii) approved the compensation of the named executive officers as described in the Compensation Discussion and Analysis, the compensation tables and other narrative disclosure in the 2017 Proxy Statement and (iv) approved the option of One year as the frequency for future advisory votes on compensation of the named executive officers. The proposals are described in detail in the Companys 2017 Proxy Statement. The final results for the votes regarding each proposal are set forth below.
(i) The voting results with respect to the election of each director were as follows:
Name |
Votes For | Votes Withheld | Broker Non-Votes | |||
Jeffrey W. Eckel |
34,109,015 | 2,791,477 | 11,016,683 | |||
Rebecca A. Blalock |
35,681,911 | 1,218,581 | 11,016,683 | |||
Teresa M. Brenner |
29,973,774 | 6,926,718 | 11,016,683 | |||
Mark J. Cirilli |
29,995,559 | 6,904,933 | 11,016,683 | |||
Charles M. ONeil |
35,539,625 | 1,360,867 | 11,016,683 | |||
Richard J. Osborne |
35,552,873 | 1,347,619 | 11,016,683 | |||
Steven G. Osgood |
35,488,144 | 1,412,348 | 11,016,683 |
(ii) The voting results with respect to the ratification of the appointment of Ernst & Young LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017 were as follows:
Votes For |
Votes Against |
Abstain |
Broker Non-Votes | |||
47,236,710 |
628,573 | 51,892 | 0 |
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(iii) The voting results with respect a non-binding advisory vote on executive compensation were as follows:
Votes For |
Votes Against |
Abstain |
Broker Non-Votes | |||
35,339,834 |
1,356,717 | 203,941 | 11,016,683 |
(iv) The voting results with respect to a non-binding advisory vote on the frequency of holding an advisory vote on executive compensation were as follows:
1 Year |
2 Years |
3 Years |
Abstain |
Broker Non-Votes | ||||
33,500,099 |
102,461 | 3,242,536 | 55,396 | 11,016,683 |
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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.
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. | ||||||
June 2, 2017 |
By: | /s/ Steven L. Chuslo | ||||
Name: | Steven L. Chuslo | |||||
Title: | Executive Vice President and General Counsel |
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