8-KShareholder MattersRegulation FDExhibits & Filings

CASEYS GENERAL STORES INC 8-K Report, Shareholder Vote Results (Sep 17, 2012)

Filed September 17, 2012For Securities:CASY

Summary

This 8-K filing from Casey's General Stores, Inc. (CASY) dated September 17, 2012, primarily reports on the outcomes of the company's 2012 annual shareholder meeting held on September 14, 2012. Key events included the election of three Class II directors, the ratification of KPMG LLP as independent auditors for fiscal year 2013, and an advisory vote approving the compensation of named executive officers. The filing also disclosed August 2012 same-store sales results, indicating strong performance in prepared food and fountain categories.

Key Highlights

  • 1Re-election of directors Kenneth H. Haynie, William C. Kimball, and Richard A. Wilkey to three-year terms expiring in 2015.
  • 2KPMG LLP was ratified as the company's independent auditor for the fiscal year ending April 30, 2013.
  • 3Shareholders provided an advisory vote of approval for the compensation of named executive officers.
  • 4August 2012 same-store sales for prepared food and fountain increased by a robust 13.2% year-over-year.
  • 5Grocery and other merchandise same-store sales saw a modest increase of 0.6% in August 2012.
  • 6Same-store gasoline gallons sold increased by 0.5% in August 2012.
  • 7Gasoline margin for August 2012 exceeded the company's fiscal 2013 goal of 14.0 cents per gallon.

Frequently Asked Questions

The 2012 annual shareholder meeting resulted in the election of three Class II directors, the ratification of KPMG LLP as the independent auditor for fiscal year 2013, and an advisory vote of approval for the compensation of named executive officers.

In August 2012, Casey's General Stores reported strong same-store sales growth in prepared food and fountain (up 13.2%) and modest growth in grocery and other merchandise (up 0.6%) compared to August 2011. Gasoline gallons sold also increased by 0.5%.

The gasoline margin in August 2012 was favorable, exceeding the company's fiscal 2013 goal of 14.0 cents per gallon. The average retail price of gasoline sold during that month was $3.59 per gallon.

Kenneth H. Haynie, William C. Kimball, and Richard A. Wilkey were elected as Class II directors to serve three-year terms expiring in 2015.