Cabela's Inc. announced that shareholders re-elected all nine of the nominees to its Board of Directors, each for a one-year term, at the company's annual meeting of shareholders.
Additionally, shareholders voted to approve the ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal 2010.
“We were very pleased with the turnout, which was a record for our shareholders' meeting,” said Tommy Millner, Cabela's Chief Executive Officer. “In addition to the formal business of the meeting, it was a pleasure reviewing our great business results from last year and outlining our 2012 Vision and plans for the coming year.”
Total shares represented at the meeting were 62.5 million, approximately 92% of the 67.6 million shares entitled to vote at the meeting.
Each of the nominees to the Board of Directors was re-elected by at least 96 percent of the shares cast with respect to nominees at the meeting. The nominees were as follows: Theodore M. Armstrong, Richard N. Cabela, James W. Cabela, John H. Edmondson, John Gottschalk, Dennis Highby, Reuben Mark, Michael R. McCarthy and Thomas L. Millner
The ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal 2010 was approved by approximately 97 percent of the shares represented at the meeting.
“It was a great meeting, thanks to Cabela's employees who outdid themselves in creating a true Cabela's atmosphere,” Millner said. “Plus, at the close of the meeting, we presented Cabela's Outfitter Awards to 15 employees who personified the Cabela's lifestyle, spirit and core values during 2009. I was pleased we were able to recognize these employees in front of their peers and our shareholders. Making it even more special, our co-founders, Jim, Dick and Mary Cabela, were present to congratulate each award winner, which made the event even more memorable for everyone involved.”