8-KShareholder Matters

CASEYS GENERAL STORES INC 8-K Report, Shareholder Vote Results (Sep 29, 2010)

Filed September 29, 2010For Securities:CASY

Summary

This 8-K filing reports the final voting results from Casey's General Stores, Inc.'s 2010 annual shareholder meeting held on September 23, 2010. The primary focus for investors is the outcome of director elections and shareholder proposals. Notably, all nominees proposed by Casey's management for the Board of Directors were overwhelmingly elected, indicating strong shareholder support for the current leadership and governance. Conversely, a proposal put forth by Alimentation Couche-Tard Inc. to repeal certain bylaw amendments was decisively rejected by shareholders.

Key Highlights

  • 1Casey's General Stores, Inc. held its 2010 annual shareholder meeting on September 23, 2010.
  • 2All director nominees put forth by Casey's management were elected with a significant majority of votes.
  • 3Shareholders elected Robert J. Myers, Johnny Danos, Diane C. Bridgewater, Richard A. Wilkey, and H. Lynn Horak with over 36 million 'For' votes each.
  • 4Kenneth H. Haynie and Jeffrey M. Lamberti received fewer 'For' votes compared to other management nominees but were still elected.
  • 5All nominees proposed by Alimentation Couche-Tard Inc. received a low number of 'For' votes and were not elected.
  • 6Shareholders ratified the appointment of KPMG LLP as the independent auditors for the fiscal year ending April 30, 2011, with a substantial majority of approval.
  • 7A shareholder proposal by Alimentation Couche-Tard Inc. to repeal recent bylaw amendments was overwhelmingly rejected by Casey's shareholders.

Frequently Asked Questions

Casey's shareholders elected all nominees proposed by Casey's management, including Robert J. Myers, Kenneth H. Haynie, Johnny Danos, William C. Kimball, Diane C. Bridgewater, Jeffrey M. Lamberti, Richard A. Wilkey, and H. Lynn Horak.

Casey's shareholders decisively rejected a proposal from Alimentation Couche-Tard Inc. that aimed to repeal new bylaws or amendments adopted by the Casey's Board of Directors without shareholder approval. The vote indicates shareholder confidence in the current board's bylaw decisions.

Yes, the appointment of KPMG LLP as the independent auditors for Casey's General Stores, Inc. for the fiscal year ending April 30, 2011, was overwhelmingly ratified by the shareholders.

No, none of the director nominees proposed by Alimentation Couche-Tard Inc. received sufficient votes to be elected to the Casey's General Stores, Inc. Board of Directors. Their proposals for board seats were overwhelmingly rejected by the shareholders.