Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 7, 2015 in Kansas City, Missouri. With over 91% of KCS' outstanding common and preferred stock represented in person or by proxy at the Annual Meeting, the stockholders:
- elected Lu M. Córdova and Thomas A. McDonnell to serve on the KCS Board of Directors until the Annual Meeting of Stockholders in 2016;
- ratified the Audit Committee's selection of KPMG LLP as KCS's independent registered public accounting firm for the year ending December 31, 2015;
- approved an advisory vote on the 2014 compensation of the KCS named executive officers;
- rejected a stockholder proposal to reduce the ownership percentage needed to call a special stockholder meeting.
Headquartered in Kansas City, MO, Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. Kansas City Southern's North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.