UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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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:
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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).
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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. |
Annual Meeting of Shareholders
On June 22, 2021, MDC Partners Inc. (the “Company”) held its annual meeting of shareholders (the “Annual Meeting”). Shareholders considered three resolutions as described in the Company’s proxy statement filed on May 10, 2021. The final results of the voting on each matter submitted to shareholders at the Annual Meeting are set forth below.
Resolution 1 – Election of Directors. The shareholders elected the nominees for director by the vote shown below.
| Nominee | Votes “For” | Votes “Withheld” | Broker Non-Votes |
| Mark J. Penn | 47,037,344 | 500,940 | 3,255,757 |
| Charlene Barshefsky | 47,036,863 | 501,421 | 3,255,757 |
| Asha Daniere | 47,035,028 | 503,256 | 3,255,757 |
| Bradley J. Gross | 47,050,428 | 487,856 | 3,255,757 |
| Wade Oosterman | 44,633,891 | 2,904,393 | 3,255,757 |
| Desirée Rogers | 47,012,807 | 525,477 | 3,255,757 |
| Irwin D. Simon | 45,114,478 | 2,423,806 | 3,255,757 |
Resolution 2 – Executive Compensation. The shareholders approved the non-binding advisory resolution on the Company’s executive compensation by the vote shown below.
| Votes “For” | Votes “Against” | Broker Non-Votes |
| 45,966,840 | 1,571,444 | 3,255,757 |
Resolution 3 – Appointment of Auditors. The shareholders approved the management’s nomination of BDO USA, LLP to act as auditors of the Company and to authorize the Audit Committee to fix their remuneration by the vote shown below.
| Votes “For” | Votes “Withheld” |
| 50,708,645 | 85,396 |
Special Meeting of Shareholders
On June 22, 2021, the Company also convened a special meeting of shareholders (the “Special Meeting”). The Special Meeting was immediately adjourned until July 19, 2021 without the consideration of any other business in order to provide time for the Special Committee of the Company’s Board of Directors, working with its independent financial and legal advisors, to evaluate the revised offer made by Stagwell Media LP (“Stagwell”) on June 12, 2021, which proposed certain amendments to the transaction agreement entered into on December 21, 2020 (the “Transaction Agreement”). There can be no assurance that the revised Stagwell offer will result in amendments to the Transaction Agreement or that the transaction will be consummated on the terms set forth in the revised Stagwell offer. In order to effect the adjournment, the chair of the Special Meeting moved an adjournment resolution, and the final results of the voting on the adjournment are set forth below.
Resolution 1 – Adjournment. The shareholders approved the resolution to adjourn the Special Meeting to July 19, 2021 at 11:00 a.m. ET by the vote shown below.
| Votes “For” | Votes “Against” |
| 36,613,957 | 0 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 23, 2021
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MDC Partners Inc. | ||
| By: | /s/ David Ross | |
| David Ross | ||
| Executive Vice President and General Counsel | ||