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Web.com Group, Inc. (NASDAQ:WEB) Files An 8-K Submission of Matters to a Vote of Security Holders

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05/11/2017 | 09:41pm CEST

Web.com Group, Inc. (NASDAQ:WEB) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07. >Submission of Matters to a Vote of Security
Holders.

At the 2017 Annual Meeting of Stockholders of Web.com Group, Inc.
(the Company) held on May 10, 2017, at 10:30 a.m. Eastern Time,
at the Companys headquarters in Jacksonville, Florida, the
Companys stockholders approved the four proposals listed below.
The following is a brief description of each matter voted upon at
the Annual Meeting, as well as the final tally of the number of
votes cast for or withheld for each director, and for or against
each other matter, and the number of abstentions and broker
non-votes with respect to each matter (other than Proposal 2). A
more complete description of each matter is set forth in the
Companys definitive proxy statement filed with the Securities and
Exchange Commission on April 5, 2017.
Proposal 1 – Election of Directors
The two individuals named below were elected to serve on the
Companys Board of Directors (the Board) until the Companys 2020
Annual Meeting of Stockholders or until their successors are duly
elected and qualified:
Nominees
Number of Shares Voted For
Number of Shares Voted Withheld
Broker Non-Votes
David L. Brown
29,580,023
2,201,797
14,459,470
Timothy I. Maudlin
31,054,319
727,501
14,459,470
Proposal 2 – Election of Directors
The Companys stockholders ratified the selection of Ernst Young
LLP as the independent registered public accounting firm for the
fiscal year ending December 31, 2017. The tabulation of votes on
this matter was as follows:
Number of Shares Voted For
Number of Shares Voted Against
Number of Shares Abstained
Ernst Young LLP
45,893,313
112,545
235,432
Proposal 3 – Advisory Resolution on Frequency of Future Votes on
Executive Compensation
The Companys stockholders approved, on an advisory basis, a
frequency of one year for future advisory votes on the
compensation of the Companys named executive officers by the
following vote:
For 1 Year
For 2 Years
For 3 Years
Abstain
Broker Non-Votes
27,262,737
10,874
4,244,013
264,196
14,459,470
Proposal 4 – Advisory Resolution on Executive Compensation
The stockholders approved, on an advisory basis, the compensation
of the Companys named executive officers as disclosed in the
Companys Proxy Statement, including the Compensation Discussion
and Analysis and the Executive Compensation Tables, together with
the narrative discussion related thereto, by the following vote:
For
Against
Abstain
Broker Non-Votes
30,077,689
1,443,231
260,900
14,459,470

About Web.com Group, Inc. (NASDAQ:WEB)
Web.com Group, Inc. provides a range of Internet services to small businesses. The Company operates through Web services and products segment. The Company offers subscription-based solutions including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions. The Company offers Domain Name Registration and Services, Do-It-For-Me Web Solutions, Do-It-Yourself Web Solutions and Online Marketing Services. The Company offers online advertising opportunities for companies focused on small businesses to be featured on its Websites. The Company offers directory listings, which is an online search directory that gives businesses online exposure. The Company also offers a range of domain name services, including domain name registration, transfers, renewals, expiration protection and privacy services. Web.com Group, Inc. (NASDAQ:WEB) Recent Trading Information
Web.com Group, Inc. (NASDAQ:WEB) closed its last trading session up +0.07 at 21.92 with 309,030 shares trading hands.

The post Web.com Group, Inc. (NASDAQ:WEB) Files An 8-K Submission of Matters to a Vote of Security Holders appeared first on Market Exclusive.

© Market Exclusive 2017, source Market Exclusive

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Financials ($)
Sales 2017 756 M
EBIT 2017 163 M
Net income 2017 39,2 M
Debt 2017 538 M
Yield 2017 -
P/E ratio 2017 28,79
P/E ratio 2018 20,73
EV / Sales 2017 2,27x
EV / Sales 2018 1,99x
Capitalization 1 181 M
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Consensus
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 23,9 $
Spread / Average Target 3,5%
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Managers
NameTitle
David L. Brown Chairman, President & Chief Executive Officer
Kevin M. Carney Chief Financial Officer & Executive Vice President
Jane L. Landon Chief Technology Officer
Timothy I. Maudlin Lead Independent Non-Executive Director
Hugh M. Durden Independent Non-Executive Director
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