secwatch.observer — SEC 8-K summary
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Issuer:     Snap-on Inc (SNA)
CIK:        0000091440
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0000091440-23-000016
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snap-on adopts proxy access in amended bylaws; shareholders re-elect all 10 directors
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- Proxy access added: 3% owners for 3 years can nominate up to 20% of board, with notice 120-150 days before proxy statement anniversary.
- Bylaws amended for universal proxy rules, advance notice windows: proxy access nominations by Oct 12-Nov 11, 2023; other proposals Dec 29-Jan 28, 2024.
- At April 27, 2023 annual meeting, all 10 director nominees elected; highest vote was Gillis with 42.8M for, lowest was Adams with 33.5M for.
- Deloitte ratified as auditor for FY2023: 43.3M for, 4.1M against.
- Say-on-pay passed with 40.2M for (92.7% of votes cast); shareholders voted for annual frequency (41.9M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91440/000009144023000016/0000091440-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91440/000009144023000016/sna-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000091440-23-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer