Mylan N.V.
Mylan N.V. (Form: 8-K, Received: 06/28/2017 17:14:36)

 

 

 

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): June 22, 2017

 

 

MYLAN N.V.

(Exact name of registrant as specified in its charter)

 

 

 

The Netherlands   333-199861   98-1189497

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

Building 4, Trident Place

Mosquito Way, Hatfield, Hertfordshire

  AL10 9UL
(Address of Principal Executive Offices)   (Zip Code)

+44 (0) 1707 853 000

(Registrant’s telephone number, including area code)

 

 

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

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.

(a) On June 22, 2017, Mylan N.V. (“Mylan” or the “Company”) held its annual general meeting of shareholders (the “Annual General Meeting”) to (i) appoint two executive directors and nine non-executive directors, each for a term ending immediately after the next annual general meeting held after their appointment; (ii) adopt the Dutch annual accounts for fiscal year 2016; (iii) ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2017; (iv) instruct Deloitte Accountants B.V. for the audit of the Company’s Dutch statutory annual accounts for fiscal year 2017; (v) approve, on an advisory basis, the compensation of the named executive officers of the Company (the “Say-on-Pay Vote”); (vi) vote, on an advisory basis, on the frequency of the Say-on-Pay Vote; and (vii) authorize Mylan’s Board of Directors (the “Mylan Board”) to acquire ordinary shares and preferred shares in the capital of the Company.

As of the close of business on May 25, 2017, the record date for the Annual General Meeting (the “Record Date”), there were issued and outstanding 536,001,148 ordinary shares of Mylan entitled to vote at the Annual General Meeting. As of the Record Date, there were no preferred shares of Mylan issued and outstanding. At least one-third of the issued Mylan shares were present or represented at the Annual General Meeting with respect to each proposal below, constituting a quorum for each such proposal.

(b) The certified results of the matters voted on at the Annual General Meeting are set forth below.

The Mylan Board respectfully acknowledges the votes of shareholders on the Say-on-Pay Vote, as well as in respect of the re-election of its board members. In response, the Mylan Board will engage in an extensive program of shareholder outreach over the coming months in order to elicit and understand the perspectives of Mylan’s shareholders. This outreach will be the first stage of a careful review that the Mylan Board will undertake going-forward in response to the vote.

Proposal No.  1 - Appointment of two executive directors and nine non-executive directors, each for a term ending immediately after the next annual general meeting held after their appointment:

 

Nominee

   For      Against      Abstain      Broker Non-Votes  

Heather Bresch*

     282,557,651        106,139,376        1,660,886        36,146,100  

Wendy Cameron

     171,073,063        217,550,451        1,734,399        36,146,100  

Hon. Robert J. Cindrich

     274,586,621        113,995,012        1,776,280        36,146,100  

Robert J. Coury

     257,199,884        131,554,354        1,603,675        36,146,100  

JoEllen Lyons Dillon

     279,604,870        108,870,295        1,882,748        36,146,100  

Neil Dimick, C.P.A.

     194,410,869        194,156,889        1,790,155        36,146,100  

Melina Higgins

     290,994,171        97,581,121        1,782,621        36,146,100  

Rajiv Malik*

     282,207,496        106,377,629        1,772,788        36,146,100  

Mark W. Parrish

     201,829,889        186,935,331        1,592,693        36,146,100  

Randall L. (Pete) Vanderveen, Ph.D., R.Ph.

     245,172,380        143,506,213        1,679,320        36,146,100  

Sjoerd S. Vollebregt

     352,655,179        35,887,209        1,815,525        36,146,100  

 

  * Refers to an executive director. All other directors listed above are non-executive directors.

Consistent with established Dutch law and Mylan’s Articles of Association, each director nominee was appointed by the general meeting.

Proposal No.  2 – Adoption of the Dutch annual accounts for fiscal year 2016:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

399,539,689

  18,348,859   8,011,017   0

The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.


Proposal No.  3 – Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2017:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

394,267,054

  23,978,885   6,366,434   0

The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.

Proposal No.  4 – Instruction to Deloitte Accountants B.V. for the audit of the Company’s Dutch statutory annual accounts for fiscal year 2017:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

394,989,549

  22,895,976   6,726,848   0

The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.

Proposal No.  5 – Approval, on an advisory basis, of the compensation of the named executive officers of the Company (the “Say-on-Pay Vote”):

 

For

 

Against

 

Abstain

 

Broker Non-Votes

64,101,392

  323,761,493   2,495,028   36,146,100

The proposal did not receive the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore did not pass.

Proposal No.  6 – Advisory vote on the frequency of the Say-on-Pay Vote:

 

1 Year

 

2 Years

 

3 Years

 

Abstain

 

Broker Non-Votes

378,629,919

  3,241,815   3,420,378   5,065,801   36,194,028

1 year received the affirmative vote of a majority of the votes cast by shareholders entitled to vote.

Proposal No.  7 – Authorization of the Mylan Board to acquire ordinary shares and preferred shares in the capital of the Company:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

401,192,288

  22,197,045   3,114,680   0

The proposal received the affirmative vote of a majority of the votes cast by shareholders entitled to vote and therefore passed.

With respect to each proposal above, any abstentions, “blank votes” and invalid votes were counted for the purposes of determining the presence of a quorum, but were not considered to be votes cast and therefore had no effect on the vote on any such proposal. Any “broker non-votes” with respect to any proposal were not treated as shares present for purposes of determining the presence of a quorum with respect to such proposal and were not considered to be votes cast and therefore had no effect on the vote on such proposal.

(d) The Mylan Board has determined that the Company will continue to hold future Say-on-Pay Votes on an annual basis.


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.

 

      MYLAN N.V.
Date: June 28, 2017     By:  

/s/ Kenneth S. Parks

      Kenneth S. Parks
      Chief Financial Officer