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OFFON

THE BUCKLE, INC.

(BKE)
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BUCKLE INC : Submission of Matters to a Vote of Security Holders, Other Events (form 8-K)

06/02/2020 | 03:32pm EDT

ITEM 5.07. Submission of Matters to a Vote of Security Holders

The Buckle, Inc. held its Annual Meeting of Shareholders on June 1, 2020. The table below shows the final results of the voting at the Annual Meeting:


                                                                                       Broker
                                                For         Against     Withheld      Non-Votes
Proposal 1 - Election of Board of
Directors:
   Daniel J. Hirschfeld                     41,654,478           -     1,385,233     2,954,712
   Dennis H. Nelson                         42,695,776           -       343,935     2,954,712
   Thomas B. Heacock                        40,437,431           -     2,602,280     2,954,712
   Kari G. Smith                            41,326,237           -     1,713,474     2,954,712
   Hank M. Bounds                           42,755,550           -       284,161     2,954,712
   Bill L. Fairfield                        41,627,551           -     1,412,160     2,954,712
   Bruce L. Hoberman                        38,343,451           -     4,696,260     2,954,712
   Michael E. Huss                          42,637,103           -       402,608     2,954,712
   Angie J. Klein                           42,882,214                   157,497     2,954,712
   John P. Peetz, III                       42,447,588           -       592,123     2,954,712
   Karen B. Rhoads                          41,800,269           -     1,239,442     2,954,712
   James E. Shada                           41,764,995           -     1,274,716     2,954,712

                                                                                       Broker
                                                For         Against      Abstain      Non-Votes

Proposal 2 - Ratify the selection of
Deloitte & Touche LLP as independent
registered public accounting firm:          45,252,253     563,234       178,936             -
Proposal 3 - Approve the Company's 2020
Management Incentive Plan:                  42,565,476     327,823       146,412     2,954,712
Proposal 4 - Advisory Vote on Overall
Compensation of Named Executive Officers:   42,090,049     778,272       171,390     2,954,712
Proposal 5 - Approve Amendments to the
Company's 2008 Director Restricted Stock
Plan:                                       42,651,703     223,021       164,987     2,954,712


ITEM 8.01. Other Events

On June 2, 2020, The Buckle, Inc. (the "Company") issued a press release announcing that at its quarterly meeting of the Board of Directors, held on June 1, 2020, the Board temporarily suspended the Company's quarterly dividend payments. Previously, at its March 23, 2020 meeting, the Board had deferred making a decision on dividend payments until its next regularly scheduled Board meeting to allow more time to assess the impact of the COVID-19 pandemic on the Company. Although the Company has reopened 395 of its 446 retail stores that were closed in response to COVID-19, the Board determined that suspending the quarterly dividends is important to maintaining the Company's cash position, providing the Company with financial flexibility to deal with any ongoing uncertainty related to COVID-19.

The Company also announced that both its Chairman and its President and Chief Executive Officer (both previously elected to forgo 100 percent of their salary until such time as normal business operations resume) have elected to forgo 50 percent of their salary effective May 31, 2020 through the end of the Company's fiscal second quarter ending August 1, 2020.

The full text of the press release is furnished as Exhibit 99.1 to this report.

ITEM 9.01(d). Exhibits

Exhibit 99.1 Press Release Dated June 2, 2020

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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