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 31, 2013
WORLD FUEL SERVICES CORPORATION
(Exact name of registrant as specified in its charter)
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Florida
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1-9533
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59-2459427
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(State or other jurisdiction of
incorporation)
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(Commission File
Number)
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(I.R.S. Employer
Identification No.)
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9800 N.W. 41st Street, Suite 400
Miami
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33178
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (305) 428-8000
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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As described in Item 5.07 of this Current Report on Form 8-K, at the Annual Meeting of Shareholders of World Fuel Services Corporation (the “Company”) held on May 31, 2013, upon the recommendation of the Company's Board of Directors, the shareholders voted to approve the World Fuel Services Corporation 2008 Executive Incentive Plan, as restated effective as of January 1, 2013 (“EIP”).
The material terms of the EIP are summarized in the Company’s Proxy Statement, as filed with the Securities and Exchange Commission on April 15, 2013. The foregoing summary is qualified in its entirety by the full text of the EIP, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 31, 2013, the Company held its annual meeting of shareholders. The matters voted upon and the results of the vote were as follows:
Proposal 1: Election of Directors
The shareholders elected all of the Company’s nominees for director for one-year terms expiring on the date of the annual meeting in 2014 or until their successors are duly elected and qualified.
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Nominee
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Votes For
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Votes Withheld
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Broker Non-Votes
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Michael J. Kasbar
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60,251,479
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1,189,159
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7,207,808
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Paul H. Stebbins
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60,269,127
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1,171,511
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7,207,808
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Ken Bakshi
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60,329,985
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1,110,653
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7,207,808
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Richard A. Kassar
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50,469,889
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10,970,749
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7,207,808
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Myles Klein
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60,469,663
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970,975
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7,207,808
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John L. Manley
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60,848,496
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592,142
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7,207,808
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J. Thomas Presby
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55,365,301
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6,075,337
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7,207,808
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Stephen K. Roddenberry
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60,336,697
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1,103,941
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7,207,808
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Proposal 2: Non-Binding, Advisory Vote on Executive Compensation
The shareholders approved, by a non-binding, advisory vote, the compensation of the Company’s named executive officers.
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Votes For
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Votes Against
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Abstentions
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Broker
Non-Votes
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59,868,812
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1,431,571
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140,255
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7,207,808
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Proposal 3: Ratification of Appointment of Independent Registered Certified Public Accounting Firm
The shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered certified public accounting firm for the 2013 fiscal year.
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Votes For
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Votes Against
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Abstentions
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Broker
Non-Votes
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67,913,006
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609,002
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126,438
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—
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Proposal 4: Approval and Adoption of the 2013 Executive Incentive Plan
The shareholders approved and adopted the World Fuel Services Corporation 2008 Executive Incentive Plan, as restated effective as of January 1, 2013.
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Votes For
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Votes Against
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Abstentions
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Broker
Non-Votes
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60,270,908
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1,037,890
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131,840
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7,207,808
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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10.1
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World Fuel Services Corporation 2013 Executive Incentive Plan (incorporated by reference herein to Annex A to the Company’s Definitive Proxy Statement with respect to the Company’s 2013 Annual Meeting of Shareholders filed on April 15, 2013).
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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, thereunto duly authorized.
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Date:
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June 4, 2013
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World Fuel Services Corporation
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/s/ R. Alexander Lake
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R. Alexander Lake
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Senior Vice President, General Counsel and
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Corporate Secretary
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EXHIBIT INDEX
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Description |
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10.1
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World Fuel Services Corporation 2013 Executive Incentive Plan (incorporated by reference herein to Annex A to the Company’s Definitive Proxy Statement with respect to the Company’s 2013 Annual Meeting of Shareholders filed on April 15, 2013).
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