UNITED STATES

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):  April 27, 2016

 

Winmark Corporation

(Exact Name of Registrant as Specified in Its Charter)

 

Minnesota

(State or Other Jurisdiction of Incorporation)

 

000-22012

 

41-1622691

(Commission File Number)

 

(I.R.S. Employer Identification Number)

 

605 Highway 169 North, Suite 400, Minneapolis, Minnesota 55441

(Address of Principal Executive Offices)  (Zip Code)

 

(763) 520-8500

(Registrant’s Telephone Number, Including Area Code)

 

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:

 

o                                    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                                    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                                    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                                    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.07                                           Submission of Matters to a Vote of Security Holders

 

(a-b) At the Annual Shareholders meeting held on April 27, 2016, Winmark Corporation (the “Company”) submitted to vote of security-holders the following matters that received the indicated votes:

 

1.              Set the number of members of the Board of Directors at eight:

 

FOR:

 

2,682,168

 

AGAINST:

 

1,569

 

ABSTAIN:

 

772

 

BROKER NON-VOTE:

 

470,804

 

 

2.              Election of Directors:

 

NOMINEE

 

FOR

 

WITHHOLD

 

BROKER
NON-VOTE

 

John L. Morgan

 

2,661,829

 

22,680

 

470,804

 

Lawrence A. Barbetta

 

2,675,440

 

9,069

 

470,804

 

Jenele C. Grassle

 

2,672,353

 

12,156

 

470,804

 

Brett D. Heffes

 

2,672,315

 

12,194

 

470,804

 

Kirk A. MacKenzie

 

2,674,805

 

9,704

 

470,804

 

Paul C. Reyelts

 

2,672,339

 

12,170

 

470,804

 

Mark L. Wilson

 

2,672,339

 

12,170

 

470,804

 

Steven C. Zola

 

2,640,683

 

43,826

 

470,804

 

 

3.              Advisory vote to approve executive compensation:

 

FOR:

 

2,676,562

 

AGAINST:

 

5,590

 

ABSTAIN:

 

2,357

 

BROKER NON-VOTE:

 

470,804

 

 

4.              Ratify the appointment of GRANT THORNTON, LLP as independent registered public accounting firm for the 2016 fiscal year:

 

FOR:

 

3,145,254

 

AGAINST:

 

7,326

 

ABSTAIN:

 

2,733

 

BROKER NON-VOTE:

 

0

 

 

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Item 7.01                                           Regulation FD Disclosure

 

On April 27, 2016, the Company announced in a press release that its Board of Directors has approved the payment of a cash dividend to its shareholders.  The quarterly dividend of $0.10 per share will be paid on June 1, 2016 to shareholders of record on the close of business on May 11, 2016.  Future dividends will be subject to Board approval.  A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K.

 

Item 8.01                                           Other Events

 

On April 27, 2016, the Company announced in a press release that its Board of Directors has approved the payment of a cash dividend to its shareholders The quarterly dividend of $0.10 per share will be paid on June 1, 2016 to shareholders of record on the close of business on May 11, 2016.   Future dividends will be subject to Board approval.  A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K.

 

Item 9.01                                           Financial Statements and Exhibits

 

(d)                                 Exhibits

 

99.1

 

Press Release dated April 27, 2016

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

WINMARK CORPORATION

 

 

 

 

 

Date: April 28, 2016

By:

/s/Anthony D. Ishaug

 

 

Anthony D. Ishaug

 

 

Chief Financial Officer and Treasurer

 

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EXHIBIT INDEX

 

to

 

Form 8-K

 

Winmark Corporation

 

Exhibit Number

 

Exhibit Description

 

 

 

99.1

 

Press Release dated April 27, 2016

 

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