MCRI 8-K
Monarch Casino & Resort Inc (MCRI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 May 22, 2023, Monarch Casino & Resort, Inc. (the "Company") held its Annual Meeting of Stockholders (the “Annual Meeting”). A total of 17,083,235 shares, or 89.3%, of shares outstanding as of the record date of the Company's common stock were present or represented by proxy at the meeting. The results of stockholder voting on the three proposals presented were as follows:
Proposal 1 – Stockholders elected the following two directors nominated by the board of directors, each to serve until the 2025 annual meeting of stockholders and until his or her successor is elected and qualified, or until such director's earlier death, resignation or removal.
Director Nominee |
| For |
| Against | Abstain |
| Broker Non-Vote | |
Bob Farahi |
| 13,047,739 | 4,032,317 | 3,179 | 0 | |||
Yvette Landau | 14,038,865 | 3,040,528 | 3,842 | 0 | ||||
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Proposal 2 – Stockholders approved, on a non-binding advisory basis, the executive compensation as disclosed in the 2023 proxy statement of the Company's named executive officers.
For | Against | Abstain | Broker Non-Vote | |||
16,194,861 | 213,683 | 674,691 | 0 |
Proposal 3 – Stockholders approved, on a non-binding advisory basis, that future "say-on-pay" votes be held every year.
1Year | 2 Years | 3 Years | Abstain | |||
10,156,404 | 3,142 | 6,402,758 | 520,931 |
SIGNATURES
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.
| Monarch Casino and Resort, Inc. |
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Date: June 8, 2023 | /s/ Edwin S. Koenig |
| Edwin S. Koenig, Chief Accounting Officer |
(Principal Financial and Accounting Officer and Duly Authorized Officer) |