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 17, 2015
FRED'S, INC.
(Exact name of registrant as specified in its charter)
| TENNESSEE | 62-0634010 |
| (State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification Number) |
Commission file number 001-14565
4300 New Getwell Road
Memphis, Tennessee 38118
(Address of Principal Executive Offices)
(901) 365-8880
(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 (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 5.07 Submission of Matters to a Vote of Security Holders
On June 17, 2015, Fred’s, Inc. (the “Company”) held its 2015 Annual Meeting of Shareholders at which the Company’s shareholders considered and voted on the following three proposals: (1) the election of Directors for a one-year term, (2) the ratification of the election of BDO USA, LLP as our registered public accounting firm and (3) the approval, on a advisory basis, of the Company’s executive compensation.
At the close of business on May 1, 2015, the record date, the Company had 37,155,592 shares of common stock issued and outstanding. There were 35,473,772 shares represented in person or by proxy at the Annual Meeting, which comprise a majority of the issued and outstanding shares of common stock as of the record date.
The final results of the vote on the three shareholder proposals are as follows:
Proposal 1. Election of the Directors
At the Annual Meeting of the Shareholders of Fred’s, Inc., held on June 17, 2015, Michael J. Hayes, John R. Eisenman, Thomas H. Tashjian, B. Mary McNabb, Michael T. McMillan, Steven R. Fitzpatrick, and Jerry A. Shore were elected as directors of the Company by vote of the shareholders. The results of the voting were as follows:
| Election of Directors: | For | Withheld | ||
| Michael J. Hayes | 32,950,054 | 275,701 | ||
| John R. Eisenman | 32,967,789 | 257,966 | ||
| Thomas H. Tashjian | 32,217,725 | 1,008,030 | ||
| B. Mary McNabb | 33,044,206 | 181,549 | ||
| Michael T. McMillan | 32,529,126 | 696,629 | ||
| Steven R. Fitzpatrick | 33,045,365 | 180,390 | ||
| Jerry A. Shore | 33,043,688 | 182,067 |
There were no abstentions and 2,248,017 broker non-votes with respect to this proposal.
Proposal 2. Approve Selection of Independent Registered Public Accounting Firm
The shareholders voted to ratify the appointment of BDO USA, LLP as our registered public accounting firm for the fiscal year ending January 30, 2016. The results of the voting were as follows:
| For | Against | Abstain | ||
| 35,284,827 | 170,448 | 18,497 |
There were no broker non-votes with respect to this proposal.
Proposal 3. Advisory vote on Executive Compensation
The shareholders voted to approve, on a nonbinding, advisory basis, the compensation of our executive officers. The results of the voting were as follows:
| For | Against | Abstain | ||
| 32,776,090 | 432,606 | 17,059 |
There were 2,248,017 broker non-votes with respect to this proposal.
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.
| Date: June 23, 2015 | FRED’S, Inc. |
| (Registrant) | |
| /s/ Jerry A. Shore | |
| Jerry A Shore | |
| Chief Executive Officer |