Form 8-K

 

 

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): June 13, 2012

 

 

Online Resources Corporation

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Delaware   0-26123   52-1623052

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

4795 Meadow Wood Lane, Chantilly, Virginia   20151
(Address of principal executive offices)   (Zip Code)

703-653-3100

(Registrant’s telephone number, including area code)

N/A

(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:

 

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

 

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

 

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

 

¨ 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.

On June 13, 2012, Online Resources Corporation (the “Company”) held its Annual Stockholders’ Meeting, and the following matters were approved pursuant to a vote held at the meeting:

1. The election of John C. Dorman, Edward D. Horowitz and Bruce A. Jaffe to serve as a class of Directors of the Company for a three-year term of office or until their respective successors have been elected and qualified. The following chart shows the final results of the votes cast in connection with the election of directors (with each nominee being elected as a director):

 

Director Name

   Votes For      Votes Withheld      Broker Non-Votes  

John C. Dorman

     20,076,548         2,880,182         7,256,941   

Edward D. Horowitz

     20,705,452         2,251,278      

Bruce A. Jaffe

     20,704,652         2,252,078      

2. Ratification of the appointment of KPMG LLP as the Company’s independent registered public accountants for the year ending December 31, 2012. The following chart shows the final results of the votes cast in connection with this proposal:

 

Proposal

   Votes For      Votes Against      Abstentions  

Ratification of KPMG LLP

     30,030,807         182,010         854   

3. A vote on a non-binding advisory resolution on the Company’s executive compensation. The following chart shows the final results of the votes cast in connection with this proposal:

 

Proposal

   Votes For      Votes Against      Abstentions      Broker Non-Votes  

Say-On-Pay

     22,543,600         404,331         8,799         7,256,941   

4. The amendment to (i) Section 5.1 of the Company’s Amended and Restated 2005 Restricted Stock and Option Plan (the “RSO Plan”) to increase the maximum number of authorized shares reserved under and subject to the RSO Plan to 6,050,000 total shares; and (ii) Section 6.8 of the RSO Plan to clarify that shares withheld to pay taxes are included as issued shares for purposes of this numerical share limitation under the Plan. The following chart shows the final results of the votes cast in connection with this proposal:

 

Proposal

   Votes For      Votes Against      Abstentions      Broker Non-Votes  

Amendment to RSO Plan

     19,803,615         3,139,090         14,025         7,256,941   


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.

 

    ONLINE RESOURCES CORPORATION
June 18, 2012     By:  

/s/ Joseph L. Cowan

      Name: Joseph L. Cowan
      Title:   President and Chief Executive Officer