Form 8-K

 

 

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): May 23, 2013

 

 

BEASLEY BROADCAST GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE   0-29253   65-0960915

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

3033 Riviera Drive, Suite 200, Naples, Florida 34103

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (239) 263-5000

 

(Former Name or Former Address, if Changed Since Last Report)

 

 

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))

 

 

 


ITEM 5.07   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

(a) On May 23, 2013, Beasley Broadcast Group, Inc. (the “Company”) held its 2013 Annual Meeting of Stockholders (the “Annual Meeting”) in Naples, Florida.

(b) At the Annual Meeting:

 

  (1) The stockholders voted to elect each of the eight nominees for director.

 

  (2) The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers.

 

  (3) The stockholders voted, on an advisory basis, as set forth below, on the frequency of votes on executive compensation.

Election of Directors

 

     For      Against      Abstain      Broker
Non-votes
 

By Holders of All Classes of Common Stock

           

George G. Beasley

     170,969,331         860,920         —           —     

Bruce G. Beasley

     170,877,869         952,382         —           —     

Caroline Beasley

     170,868,122         962,129         —           —     

Brian E. Beasley

     170,883,751         946,500         —           —     

Joe B. Cox

     171,796,493         33,758         —           —     

Allen B. Shaw

     170,926,860         903,391         —           —     

By Holders of Class A Common Stock

           

Mark S. Fowler

     5,185,101         17,720         —           —     

Herbert W. McCord

     5,185,101         17,720         —           —     

Advisory Vote on Executive Compensation

 

        For        

 

  Against  

 

    Abstain    

 

Broker

    Non-votes    

    169,493,990       152,189   2,184,072   —  

Advisory Vote on Frequency of Votes on Executive Compensation

 

      1 Year      

 

  2 Years  

 

    3 Years    

 

      Abstain      

    169,408,663       —     238,666       2,182,922    

(d) A majority of the votes cast by shareholders voted, on an advisory basis, to hold an advisory vote to approve executive compensation every year. In line with this recommendation by our shareholders, the Board of Directors has decided that it will include an advisory shareholder vote on executive compensation in its proxy materials every year until the next required advisory vote on the frequency of shareowner votes on executive compensation, which will occur no later than our Annual Meeting of shareholders in 2019.


SIGNATURE

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.

 

        BEASLEY BROADCAST GROUP, INC.
Date: May 24, 2013     By:  

/s/ Caroline Beasley

      Caroline Beasley
      Vice President, Chief Financial Officer, Secretary and Treasurer