8-K
filed May 18, 2023, 7:59 PM ET
ticker LEA
CIK 0000842162
other material
confidence high
sentiment neutral
materiality 0.15
Lear Corp reports 2023 annual meeting results; all directors elected, say-on-pay and stock plan amendment approved
LEAR CORP
- All 10 director nominees elected; largest against vote was Conrad Mallett, Jr. with 4.0M shares against.
- Ratification of Ernst & Young as auditor approved with 52.4M for, 2.7M against.
- Advisory say-on-pay resolution passed with ~85% support (46.1M for, 7.9M against).
- Amendment to 2019 Long-Term Stock Incentive Plan approved with 52.2M for, 1.8M against.
- Board adopts annual frequency for future advisory votes on executive compensation.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEAR CORP shareholders approved Ratification of appointment of independent registered public accounting firm at the 2023-05-18 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
Ratification of appointment of independent registered public accounting firm 52,370,036 2,716,127 31,814 N/A
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEAR CORP shareholders approved Advisory approval of Lear's executive compensation at the 2023-05-18 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
Advisory approval of Lear's executive compensation 46,076,540 7,947,187 42,114 1,052,136
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEAR CORP shareholders approved Election of directors at the 2023-05-18 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
Election of directors Mei-Wei Cheng 53,302,939 726,437 36,465 1,052,136 Jonathan F. Foster 50,315,191 3,714,314 36,336 1,052,136 Bradley M. Halverson 53,207,148 822,244 36,449 1,052,136 Mary Lou Jepsen 53,138,238 891,877 35,726 1,052,136 Roger A. Krone 53,554,481 474,936 36,424 1,052,136 Patricia L. Lewis 53,127,923 902,081 35,837 1,052,136 Kathleen A. Ligocki 52,640,704 1,387,577 37,560 1,052,136 Conrad L. Mallett, Jr. 50,028,017 4,001,370 36,454 1,052,136 Raymond E. Scott 53,578,800 451,408 35,633 1,052,136 Gregory C. Smith 50,717,625 3,311,621 36,595 1,052,136
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEAR CORP shareholders approved Approval of an amendment to Lear's 2019 Long-Term Stock Incentive Plan at the 2023-05-18 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
Approval of an amendment to Lear's 2019 Long-Term Stock Incentive Plan 52,229,476 1,801,315 35,049 1,052,136
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEAR CORP shareholders approved Advisory approval of the frequency of the advisory vote on Lear's executive compensation at the 2023-05-18 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
Advisory approval of the frequency of the advisory vote on Lear's executive compensation 51,536,217 13,310 2,484,631 31,683 3,691,223
View on SEC.gov
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