UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.03. | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
At the 2020 Annual Meeting of Stockholders (the “Annual Meeting”) of Wyndham Hotels & Resorts, Inc. (the “Company”) held on May 12, 2020, the Company’s stockholders, upon recommendation of the Company’s Board of Directors (the “Board”), approved amendments to the Company’s Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to eliminate supermajority voting requirements relating to (a) amendments to the Company’s Certificate of Incorporation and the Company’s Amended and Restated By-Laws (the “By-Laws”) and (b) the removal of Directors (the “Supermajority Provisions”). The Board had previously approved the amendments to the Certificate of Incorporation subject to stockholder approval. On May 12, 2020, the Company filed the Second Amended & Restated Certificate of Incorporation (the “Amended Certificate of Incorporation”) with the Secretary of State of the State of Delaware (“Delaware Secretary of State”), and the Amended Certificate of Incorporation became effective on that date. A more complete description of the amendments is set forth in “Proposal 2 – Amendment of the Certificate of Incorporation to Eliminate Supermajority Voting Requirements” in the Company’s definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on March 31, 2020 (the “Proxy Statement”).
The Board also approved the Second Amended and Restated By-Laws of the Company which included conforming amendments to the By-Laws to eliminate the applicable Supermajority Provisions (the “Amended By-Laws”) to be effective at the effective time of the Amended Certificate of Incorporation. The Amended By-Laws became effective on May 12, 2020.
The foregoing summary of the amendments does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amended Certificate of Incorporation and the Amended By-Laws, attached hereto as Exhibit 3.1 and Exhibit 3.2, respectively, each of which is incorporated herein by reference.
Item 5.07. | Submission of Matters to a Vote of Security Holders |
(a) As described above under Item 5.03, the Company held its Annual Meeting on May 12, 2020.
(b) At the Annual Meeting, the four proposals described in the Company’s Proxy Statement were submitted to the Company’s stockholders and the final voting results are provided below.
Proposal 1
The Company’s stockholders elected the Class II Directors to serve for a term ending at the 2021 annual meeting, with each Director to serve until such Director’s successor is elected and qualified or until such Director’s earlier death, resignation, retirement, disqualification or removal. The election results for each of the Company’s Class II Directors are set forth below.
Director Name | Votes For | Votes Withheld | Broker Non-Votes | |||
Myra J. Biblowit | 78,554,702 | 1,717,191 | 5,849,654 | |||
Bruce B. Churchill | 78,874,450 | 1,397,443 | 5,849,654 | |||
Pauline D.E. Richards | 79,441,863 | 830,030 | 5,849,654 |
Proposal 2
Proposal 2(a)
The amendments to the Certificate of Incorporation to eliminate supermajority voting requirements relating to the amendments to the Company’s Certificate of Incorporation and the Company’s By-Laws were approved as set forth below.
Votes for approval: | 80,034,446 | |
Votes against: | 176,080 | |
Abstentions: | 61,367 | |
Broker Non-Votes: | 5,849,654 |
Proposal 2(b)
The amendment to the Certificate of Incorporation to eliminate supermajority voting requirements relating to the removal of Directors was approved as set forth below.
Votes for approval: | 80,075,179 | |
Votes against: | 148,069 | |
Abstentions: | 48,645 | |
Broker Non-Votes: | 5,849,654 |
Proposal 3
The Company’s stockholders approved, on an advisory basis, the compensation of our named executive officers described in the Proxy Statement as set forth below.
Votes for approval: | 78,182,469 | |
Votes against: | 1,674,738 | |
Abstentions: | 414,686 | |
Broker Non-Votes: | 5,849,654 |
Proposal 4
The Company’s stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020 as set forth below.
Votes for approval: | 84,026,254 | |
Votes against: | 2,042,115 | |
Abstentions: | 53,178 | |
Broker Non-Votes: | 0 |
(c) Not applicable.
(d) Not applicable.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
3.1 | Second Amended & Restated Certificate of Incorporation of Wyndham Hotels & Resorts, Inc. |
3.2 | Second Amended and Restated By-Laws of Wyndham Hotels & Resorts, Inc. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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.
Wyndham Hotels & Resorts, Inc. | ||
Date: May 13, 2020 | By: | /s/ Paul F. Cash |
Paul F. Cash | ||
General Counsel, Chief Compliance Officer and Corporate Secretary |
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