LOS ANGELES--(BUSINESS WIRE)--Today Cadiz Inc. (NASDAQ: CDZI) ("Cadiz", the “Company”) announced the results of its 2015 Annual Meeting of Stockholders held on June 4, 2015 in Los Angeles. At the meeting, stockholders re-elected all eight nominees to the Board of Directors each to serve until the next annual meeting in 2016. Stockholders also approved the non-binding advisory resolution on executive compensation for our named executive officers, as well as the selection of PricewaterhouseCoopers LLP (“PWC”) as the Company's independent certified public accountants for fiscal year 2015. All proposals passed by a significant majority of shares voted.
“We thank our stockholders for the supportive participation in this year’s annual meeting and look forward to an exciting year ahead as we continue to realize our objectives for the development of our land, water and agricultural resources,” said Scott Slater, Cadiz President and CEO.
Stockholders of record on April 23, 2015 were entitled to vote at the Annual Meeting. A total of 11,026,190 votes were cast. Of such total votes cast, the proposal for election of each of the director nominees passed with affirmative votes exceeding 94% of the vote (excluding broker non-votes); the advisory vote on compensation passed with affirmative votes exceeding 95% of the vote (excluding broker non-votes); and the proposal for ratification of the selection of PWC as the Company’s auditors passed with affirmative votes exceeding 99% of the vote.
Further detail regarding the results of the 2015 Annual Meeting are contained in a Current Report on Form 8-K filed yesterday with the SEC. The 8-K is available on the SEC’s website at www.sec.gov or the Company’s website at http://cadizinc.com/sec-filings/.
Founded in 1983, Cadiz Inc. is a publicly-held renewable resources company that owns 70 square miles of property with significant water resources in Southern California. The Company is engaged in a combination of organic farming and water supply and storage projects at its properties and abides by a wide-ranging “Green Compact” focused on environmental conservation and sustainable practices to manage its land, water and agricultural resources. For more information about Cadiz, visit http://www.cadizinc.com/.
FORWARD LOOKING STATEMENT: This release contains forward-looking statements that are subject to significant risks and uncertainties, including statements related to the future operating and financial performance of the Company and the financing activities of the Company. Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company’s forward-looking statements include the Company’s ability to maximize value for Cadiz land and water resources, the Company’s ability to obtain new financing as needed, the receipt of additional permits for the water project and other factors and considerations detailed in the Company’s Securities and Exchange Commission filings.