8-KShareholder Matters

GLOBAL PAYMENTS INC 8-K Report, Shareholder Vote Results (Jan 7, 2011)

Filed January 7, 2011For Securities:GPN

Summary

This Form 8-K filing from Global Payments Inc. (GPN) reports on the outcomes of its 2010 Annual Meeting of Shareholders held on September 30, 2010. The primary focus is on the shareholder votes regarding the election of Class I directors and the ratification of the company's independent auditors. Investors would note the overwhelming support for the re-election of all three Class I directors, indicating shareholder confidence in the current board's leadership. Furthermore, the appointment of Deloitte & Touche LLP as the independent public accountants for the upcoming fiscal year was also overwhelmingly ratified by shareholders. These results suggest a stable governance environment and a strong endorsement of the company's chosen auditing firm.

Key Highlights

  • 1Global Payments Inc. held its 2010 Annual Meeting of Shareholders on September 30, 2010.
  • 2Three Class I directors were elected to serve until the Annual Meeting of Shareholders in 2013.
  • 3General Edwin H. Burba Jr., Mr. Raymond L. Killian, and Ms. Ruth Ann Marshall were re-elected with substantial shareholder support.
  • 4Votes in favor for directors ranged from approximately 71.1 million to 71.5 million, with withheld votes significantly lower.
  • 5Shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent public accountants for the year ended May 31, 2011.
  • 6The ratification of Deloitte & Touche LLP received over 72 million votes in favor, with fewer than 3 million votes against.
  • 7The filing was signed by David E. Mangum, Chief Financial Officer, on January 7, 2011.

Frequently Asked Questions

The main outcomes were the election of three Class I directors to serve until the 2013 Annual Meeting of Shareholders and the ratification of Deloitte & Touche LLP as the company's independent public accountants for the fiscal year ending May 31, 2011. Both of these matters received strong shareholder approval.

The elected directors, General Edwin H. Burba Jr., Mr. Raymond L. Killian, and Ms. Ruth Ann Marshall, received significant shareholder support. Votes in favor ranged from approximately 71.1 million to 71.5 million, with substantially fewer votes withheld.

Yes, the appointment of Deloitte & Touche LLP as the Company’s independent public accountants for the year ended May 31, 2011, was overwhelmingly ratified by shareholders, with over 72 million votes in favor.

This Form 8-K filing was signed by David E. Mangum, Chief Financial Officer, on January 7, 2011.