On May 1, 2017, Graco Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) with the Securities and Exchange Commission to report the voting results of the Company’s Annual Meeting of Shareholders held on April 28, 2017 (the “Annual Meeting”). The sole purpose of this Form 8-K/A is to disclose the Company’s decision regarding how frequently it will conduct an advisory, non-binding vote on executive compensation.
Item 5.07 Submission of Matters to a Vote of Security Holders
As previously reported in the Original Form 8-K, in an advisory, non-binding vote held at the Annual Meeting on the frequency for which shareholders will have an advisory, non-binding vote on our executive compensation, 41,603,935 shares voted for one year, 318,464 shares voted for two years, 4,020,699 shares voted for three years, 46,470 abstained and there were 4,887,031 broker non-votes. The Company has considered the outcome of this advisory, non-binding vote, and the Board of Directors of the Company has determined that the Company will provide shareholders with an advisory, non-binding vote on executive compensation every year until the next shareholder vote on the frequency of the advisory, non-binding vote on executive compensation.