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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): February 28, 2023

 

 

 

QUANEX BUILDING PRODUCTS CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware   1-33913   26-1561397
(State or other jurisdiction
of incorporation)		   (Commission File Number) (IRS Employer Identification No.)

 

1800 West Loop South, Suite 1500,

Houston, Texas

   77027
(Address of principal executive offices)   (Zip Code)

 

Registrant's telephone number, including area code:    713-961-4600

 

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(b) 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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each Class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per share NX New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company 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 5.07. Submission of Matters to a Vote of Security Holders.

 

On February 28, 2023, Quanex Building Products Corporation (the “Company”) held its Annual Meeting of Stockholders, pursuant to notice and proxy mailed on or about January 25, 2023, to the Company’s stockholders of record as of January 5, 2023. There were 33,234,730 shares of common stock entitled to vote at the meeting, and a total of 31,292,221.448 shares were represented at the meeting in person or by proxy.

 

At the Annual Meeting, nine directors were elected for terms expiring at the Company’s 2024 Annual Meeting, with the following tabulation of votes for each nominee:

 

Director Nominee  Votes For   Votes Against   Abstain   Broker
Non-Votes		   Percent of Shares
Cast in Favor *		 
Susan F. Davis    25,058,738.523    5,358,044.643    4,320.282    871,118    82.38%
William C. Griffiths    29,814,139.142    583,366.050    23,598.256    871,118    98.08%
Bradley E. Hughes    29,570,883.217    825,447.002    24,773.229    871,118    97.28%
Jason D. Lippert    29,585,180.730    812,067.913    23,854.805    871,118    97.33%
Donald R. Maier    29,555,284.626    842,010.393    23,808.429    871,118    97.23%
Meredith W. Mendes    29,419,589.559    998,062.535    3,451.354    871,118    96.72%
Curtis M. Stevens    28,785,731.090    1,611,434.342    23,938.016    871,118    94.70%
William E. Waltz, Jr.   29,583,489.495    822,859.002    14,754.951    871,118    97.29%
George L. Wilson    30,053,987.958    353,343.360    13,772.130    871,118    98.84%
           
   *Excludes Abstentions and Broker Non-Votes      

 

In addition to the election of directors, stockholders at the Annual Meeting took the following actions:

 

·Provided an advisory “say on pay” vote approving the compensation of the Company’s named executive officers;

 

·Provided an advisory vote relating to the frequency of future “say on pay” votes held by the Company; and

 

·Ratified the Audit Committee’s appointment of Grant Thornton LLP as the Company’s independent auditor for the fiscal year ending October 31, 2023;

 

The tabulation of votes for the “say on pay” and auditor ratification proposals is set forth below:

 

Proposal  Votes For   Votes Against   Abstain   Broker
Non-
Votes		   Percent of
Shares Cast
in Favor *		 
Advisory Vote to Approve Named Executive Officer Compensation    27,972,174.116    2,428,935.478    19,993.854    871,118    92.01%
Ratification of Company’s Independent Auditor    30,988,230.965    290,697.861    13,292.622    -    99.07%
          
   *Excludes Abstentions and Broker Non-Votes      

 

 

The tabulation of votes for the proposal related to the frequency of future “say on pay” votes is set forth below:

 

Proposal  One Year   Two Years   Three Years   Abstain   Broker Non-
Votes		 
Advisory Vote Regarding Frequency of Future “Say on Pay” Votes    27,715,254.725    10,485.629    2,684,541.498    10,821.596    871,118 
Percent of Vote:
(excludes Broker Non-Votes)		   91.11%   0.03%   8.82%   0.04%   n/a 

 

In light of the results of the advisory vote on the frequency of “say on pay” votes, the Company’s Board of Directors determined to hold an advisory “say on pay” vote annually until the next required stockholder advisory vote on the frequency of “say on pay” votes.

 

 

 

 

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.

 

   

QUANEX BUILDING PRODUCTS CORPORATION

 

 

Date: March 2, 2023

  

/s/ Paul B. Cornett

Paul B. Cornett
Senior Vice President – General Counsel and Secretary