8-K
filed May 8, 2024, 7:59 PM ET
ticker HSY
CIK 0000047111
other
confidence high
sentiment neutral
materiality 0.10
Hershey shareholders elect all director nominees, approve executive compensation, defeat two proposals
HERSHEY CO
- All director nominees elected with strong support; CEO Michele G. Buck received ~639.6M votes for, ~12.2M withheld.
- Ratification of Ernst & Young as auditor for FY2024 passed with ~669.5M for, ~1.1M against.
- Non-binding advisory vote on executive compensation approved with ~638.8M for, ~12.5M against.
- Two shareholder proposals (living wage report, packaging reuse report) defeated; each garnered <36M votes for.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HERSHEY CO shareholders approved Ratification of Appointment of Independent Auditors at the 2024-05-06 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-06
Exact text from the filing
Proposal No. 2 — Ratification of Appointment of Independent Auditors Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, ratified the appointment of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2024, by the votes set forth as follows: Votes For Votes Against Abstentions 669,540,141 1,119,884 251,634
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HERSHEY CO shareholders rejected Stockholder Proposal Public Report on Packaging Reuse & Recycling at the 2024-05-06 meeting.
- Outcome
- failed
- Meeting
- 2024-05-06
Exact text from the filing
Proposal No. 5 — Stockholder Proposal Public Report on Packaging Reuse & Recycling Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, voted against the stockholder proposal by the votes set forth as follows: Votes For Votes Against Abstentions Broker Non-Votes 36,015,912 614,628,103 1,215,177 19,052,467
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HERSHEY CO shareholders rejected Stockholder Proposal Public Report on Living Wage & Income at the 2024-05-06 meeting.
- Outcome
- failed
- Meeting
- 2024-05-06
Exact text from the filing
Proposal No. 4 — Stockholder Proposal Public Report on Living Wage & Income Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, voted against the stockholder proposal by the votes set forth as follows: Votes For Votes Against Abstentions Broker Non-Votes 18,587,401 631,763,440 1,508,351 19,052,467
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HERSHEY CO shareholders approved Non-Binding Advisory Vote on Named Executive Officer Compensation at the 2024-05-06 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-06
Exact text from the filing
Proposal No. 3 — Non-Binding Advisory Vote on Named Executive Officer Compensation Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, approved the compensation of the Company’s named executive officers on a non-binding advisory basis by the votes set forth as follows: Votes For Votes Against Abstentions Broker Non-Votes 638,757,642 12,528,566 572,984 19,052,467
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HERSHEY CO shareholders approved Election of Directors at the 2024-05-06 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-06
Exact text from the filing
Proposal No. 1 — Election of Directors Holders of the Company’s Common Stock and Class B Common Stock, voting together without regard to class, elected the following directors by the votes set forth as follows:
View on SEC.gov
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