Edgar Filing: VALASSIS COMMUNICATIONS INC

VALASSIS COMMUNICATIONS, INC.

/s/ Todd Wiseley

Date: May 10, 2011

Todd Wiseley

General Counsel, Senior Vice President,

Administration and Secretary

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): May 5, 2011

VALASSIS COMMUNICATIONS, INC.

(Exact name of registrant as specified in its charter)


Delaware	1-10991	38-2760940
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

19975 Victor Parkway, Livonia, MI		48152
(Address of Principal Executive Offices)		(Zip Code)

(734) 591-3000

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:

¨	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))

Items to be Included in this Report

Item 5.07. Submission of Matters to a Vote of Security Holders

(a) Valassis Communications, Inc.’s (the “Company”) Annual Meeting of Stockholders (the “Annual Meeting”) was held on May 5, 2011.

(b)	Stockholders voted on the matters set forth below:

1. The nominees for election to the Board of Directors were elected, until the next annual meeting of stockholders or until their respective successors are duly elected and qualified, based upon the following votes:


Nominee	Votes For		Votes Against		Abstentions		Broker Non-Votes
Joseph B. Anderson, Jr.		43,084,873		807,621		262,266		2,277,363
Patrick F. Brennan		37,874,916		6,016,674		263,169		2,277,363
Kenneth V. Darish		43,736,533		154,957		263,269		2,277,363
Dr. Walter H. Ku		37,481,501		6,410,086		263,173		2,277,363
Robert L. Recchia		41,793,822		2,097,763		263,175		2,277,363
Thomas J. Reddin		37,579,599		6,311,892		263,269		2,277,363
Alan F. Schultz		43,161,180		730,447		263,133		2,277,363
Wallace S. Snyder		40,623,419		3,268,172		263,169		2,277,363
Ambassador Faith Whittlesey		43,385,016		505,482		264,261		2,277,363

2. The proposal to approve an amendment to the Valassis Communications, Inc. 2008 Omnibus Incentive Compensation Plan to increase the number of shares available for issuance under the plan was not approved based on the following votes:


Votes for			19,940,527
Votes against			23,420,195
Abstentions			794,037
Broker Non-Votes			2,277,363

3. The proposal to approve, on an advisory basis, the compensation of our named executive officers was approved based upon the following votes:


Votes for			40,991,388
Votes against			809,824
Abstentions			2,353,547
Broker Non-Votes			2,277,363

4. The proposal to act, on an advisory basis, on the frequency of future advisory votes on the compensation of our named executive officers received the following votes:


For 3 Years			13,795,403
For 2 Years			161,660
For 1 Year			29,928,212
Abstentions			269,483
Broker Non-Votes			2,277,363

See Item 5.07(d) below.

5. The proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent auditors for the fiscal year ending December 31, 2011 was approved based upon the following votes:


Votes for			45,805,050
Votes against			354,815
Abstentions			272,257

There were no broker non-votes for this item

6. The proposal to approve any adjournment of the Annual Meeting, if necessary or appropriate, to solicit additional proxies in favor of any or all of the foregoing proposals if there were not sufficient votes for those proposals was approved based upon the following votes:


Votes for			31,876,265
Votes against			13,334,045
Abstentions			1,221,812
There were no broker non-votes for this item

(d) Based on the results set forth in item (b)(4) above, the Company’s Board of Directors has determined that advisory votes on the compensation of our named executive officers will be submitted to stockholders on an annual basis.

Item 7.01. Regulation FD Disclosure

On May 9, 2011, the Company issued a press release (the “Press Release”) announcing that the Company’s Board of Directors approved an increase to its stock repurchase program authorization by 6 million shares of its common stock. This new authorization, coupled with the remainder of the prior authorization, brings the total shares that can be repurchased from time to time in open market or privately negotiated transactions under the stock repurchase program to approximately 8.3 million shares as of May 9, 2011. Furnished hereto as Exhibit 99.1 to this Current Report on Form 8-K is a copy of the Press Release.

The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 hereto) shall not be considered “filed” under the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any filings by the Company under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth in such filing that such information is to be considered “filed” or incorporated by reference therein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.		Description

99.1		Press release of Valassis Communications, Inc., dated May 9, 2011.

SIGNATURE

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.

Exhibit Index


Exhibit No.		Description

99.1		Press release of Valassis Communications, Inc., dated May 9, 2011.