form8-k.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 25, 2011
WELLCARE HEALTH PLANS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-32209
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47-0937650
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(State or other jurisdiction
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(Commission File Number)
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(IRS Employer
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of incorporation)
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Identification No.)
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8735 Henderson Road, Renaissance One
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Tampa, Florida
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33634
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (813) 290-6200
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.07 Submission of Matters to a Vote of Security Holders.
WellCare Health Plans, Inc. (the “Company”) held its Annual Meeting of Stockholders on May 25, 2011 (the “Annual Meeting”) at the Company’s corporate headquarters in Tampa, Florida. 37,683,677 shares of the Company’s common stock, or 88.5% of the shares of the Company’s common stock issued and outstanding on the record date, were present in person or represented by proxy at the Annual Meeting. Summarized below are descriptions of the proposals voted on at the Annual Meeting and the final results of such voting:
Proposal One: Election of directors
As described in the Company’s proxy statement, the Company’s Board of Directors (the “Board”) nominated ten individuals to serve as directors for a one-year term to expire at the Company’s 2012 Annual Meeting of Stockholders or until their successors are duly elected and qualified. All such nominees were elected by a majority of the votes cast, as follows:
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Director
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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Charles G. Berg
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34,138,677
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834,792
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1,873
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2,708,335
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Carol J. Burt
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32,699,245
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2,269,692
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6,405
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2,708,335
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Alec Cunningham
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34,224,250
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749,219
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1,873
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2,708,335
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David J. Gallitano
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30,738,470
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4,231,378
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5,494
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2,708,335
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D. Robert Graham
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33,184,750
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1,785,326
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5,266
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2,708,335
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Kevin F. Hickey
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29,591,677
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5,380,780
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2,885
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2,708,335
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Christian P. Michalik
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33,188,500
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1,781,728
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5,114
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2,708,335
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Glenn D. Steele Jr., M.D.
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34,216,726
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753,350
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5,266
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2,708,335
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William L. Trubeck
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34,218,100
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751,748
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5,494
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2,708,335
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Paul E. Weaver
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32,713,434
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2,256,824
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5,084
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2,708,335
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Proposal Two: Ratification of appointment of independent registered public accounting firm
The Company’s stockholders ratified the appointment of Deloitte & Touche, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2011 by the following vote:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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37,556,807
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121,084
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5,786
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0
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Proposal Three: Advisory vote on the compensation of the Company’s named executive officers (“Say on Pay”)
The Company’s stockholders approved the following resolution (the “Say on Pay Resolution”):
“RESOLVED, that the compensation paid to the Company’s named executive officers, as disclosed pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and narrative discussion disclosed in the Company’s 2011 Proxy Statement, is hereby APPROVED.”
The Say on Pay Resolution was approved by the following vote:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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28,329,129
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6,641,035
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5,178
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2,708,335
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Proposal Four: Advisory vote on the frequency of the Say on Pay advisory vote
Stockholders indicated to the Company through this advisory vote that they prefer an annual Say on Pay vote. The vote results for Proposal Four were:
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1 Year
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2 Years
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3 Years
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Abstain
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31,730,994
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37,133
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3,200,008
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7,207
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As stated in the Company’s most recent proxy statement, the Board had recommended to stockholders that they vote for annual Say on Pay votes. Based on the Board’s previous discussions and recommendation, and the outcome of the non-binding advisory vote on Proposal Four, the Board has determined that the Company will have annual Say on Pay advisory votes.
Proposal Five: Stockholder proposal regarding a political contributions and expenditures report
The stockholder proposal regarding a political contributions and expenditures report was defeated by the following vote:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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11,703,163
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15,851,445
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7,420,734
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2,708,335
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: May 26, 2011
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WELLCARE HEALTH PLANS, INC.
/s/ Timothy S. Susanin
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Timothy S. Susanin
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Senior Vice President, General Counsel and Secretary
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