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Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced the results of the company’s 2016 Annual Meeting of Stockholders, which was held today in Atlanta.
All eight director nominees received a majority of votes cast, with at least 85.2% of the voting “for” each of the directors. Each director was elected to a one-year term. Stockholders approved an advisory executive compensation vote, with 97.3% of votes cast voting “for” the proposal.
Ernst & Young LLP was ratified as the company’s independent registered public accounting firm for 2016 with 98.9% of votes cast voting “for” the ratification of Ernst & Young LLP.
In addition, 26.5% of stockholders voted “for” a stockholder proposal for the preparation of a sustainability report. The company’s Board of Directors recommended voting against the stockholder proposal in light of ICE’s publication of its 2016 Corporate Responsibility Report detailing its environmental, social and governance initiatives in March.
Broadridge Investor Communication Solutions served as the Inspector of Elections, which tabulated and verified the results of the stockholder vote.
The company also noted that the U.S. Securities and Exchange Commission approved on May 11, an amendment to ICE’s Bylaws to implement proxy access. As previously disclosed in the company’s Proxy Statement, the Bylaws now permit a stockholder, or any group of up to 20 stockholders owning at least three percent of the company’s outstanding shares of common stock continuously for at least three years to nominate and include in the company’s annual meeting materials director nominees constituting up to 20 percent of the number of directors currently serving on the Board of Directors, but no less than two directors, provided that the stockholder and nominee satisfy the Bylaw requirements.
