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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 9, 2022

 

TravelCenters of America Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Maryland

(State or Other Jurisdiction

of Incorporation)

001-33274

(Commission File Number)

 

20-5701514

(IRS Employer

Identification No.)

     

24601 Center Ridge Road

Westlake, Ohio

 

44145-5639

(Address of Principal Executive Offices)   (Zip Code)

 

440 - 808-9100

(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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading
Symbols
  Name of Each Exchange on Which
Registered
Common Stock   TA   The Nasdaq Stock Market LLC
8.25% Senior Notes due 2028   TANNI   The Nasdaq Stock Market LLC
8.00% Senior Notes due 2029   TANNL   The Nasdaq Stock Market LLC
8.00% Senior Notes due 2030   TANNZ   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

In this Current Report on Form 8-K, the terms “we”, “us”, “our” and “the Company” refer to TravelCenters of America Inc.

 

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

 

At the Company’s annual meeting of stockholders held on June 9, 2022 (the “Annual Meeting”), the Company’s stockholders voted on the election of two Directors in Class III of the Board of Directors each for a three year term of office continuing until the Company’s 2025 annual meeting of stockholders and until her, his or their respective successor is duly elected and qualifies. The following persons were elected as Directors and received the following votes:

 

Nominee  Votes For   Withhold   Broker
Non-Votes
Lisa Harris Jones  6,699,055   4,653,670   1,593,301
Rajan C. Penkar  8,218,609   3,134,116   1,593,301

  

The Company’s stockholders also ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditors to serve for the 2022 fiscal year.  This proposal received the following votes:

 

For     Against     Abstain     Broker
Non-Votes
 
12,922,536     6,323     17,167     N/A  

 

The results reported above are final voting results.

 

Item 8.01.         Other Events.

 

Director Compensation

 

Also on June 9, 2022, the Company updated its Director compensation arrangements. A summary of the Company’s currently effective Director compensation arrangements is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

 

Consistent with the Company’s Director compensation arrangements, on June 9, 2022, the Company awarded each of the Company’s Directors 3,000 shares of Common Stock, $0.01 par value.

 

Item 9.01.         Financial Statements and Exhibits.

 

(d)        Exhibits

 

  10.1 Summary of Director Compensation
     
  104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

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.

 

  TRAVELCENTERS OF AMERICA INC.
   
  By: /s/ Peter J. Crage
  Name: Peter J. Crage
  Title: Executive Vice President, Chief Financial Officer  and Treasurer

 

Date: June 10, 2022