--- schema_version: "secwatch.filing_event.v1" accession: "0000886346-23-000086" form_type: "8-K" ticker: "KAI" cik: "0000886346" company_name: "KADANT INC" filed_at: "2023-05-18T23:59:59+00:00" generated_at: "2026-06-14T21:57:10.134185+00:00" event_type: "other" sentiment: "neutral" materiality_score: 0.1 calibrated_materiality_score: 0.1 confidence: "high" source: SEC EDGAR --- # Kadant announces 2023 annual meeting results; all proposals approved ## Summary - Elected John M. Albertine and Thomas C. Leonard as Class III directors for three-year terms. - Non-binding say-on-pay resolution approved with 10.2M votes for, 411k against. - Stockholders selected annual frequency for future advisory say-on-pay votes, as recommended by board. - Approved $170,000 in restricted stock units for non-employee directors under equity plan. - Ratified KPMG LLP as independent auditor for fiscal 2023 with 11.0M votes for, 30k against. ## SEC filing metadata - accession: 0000886346-23-000086 - form_type: 8-K - ticker: KAI - cik: 0000886346 - company_name: KADANT INC - filed_at: 2023-05-18T23:59:59+00:00 - event_type: other - sentiment: neutral - materiality_score: 0.1 - calibrated_materiality_score: 0.1 - confidence: high - sec_items: 5.07 - EDGAR index: https://www.sec.gov/Archives/edgar/data/886346/000088634623000086/0000886346-23-000086-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886346/000088634623000086/kai-20230517.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000886346-23-000086 - JSON: https://secwatch.observer/filing/0000886346-23-000086.json - Plain text: https://secwatch.observer/filing/0000886346-23-000086.txt ## Key facts - Shareholder Votes KADANT INC shareholders approved Election of two nominees, Mr. John M. Albertine and Mr. Thomas C. Leonard, to the class of directors whose three-year term expires at the Company's annual meeting of stockholders in 2026 at the 2023-05-17 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-05-17 source text: The stockholders cast 7,983,080 shares in favor and 2,671,993 shares against Mr. Albertine's election. In addition, 2,906 shares abstained and 410,096 broker non-votes were recorded, which had no effect on the outcome of the vote. The stockholders cast 9,621,795 shares in favor and 1,033,444 shares against Mr. Leonard's election. In addition, 2,740 shares abstained and 410,096 broker non-votes were recorded, which had no effect on the outcome of the vote. evidence_url: https://www.sec.gov/Archives/edgar/data/886346/000088634623000086/0000886346-23-000086-index.htm - Shareholder Votes KADANT INC shareholders approved Ratification of the selection of KPMG LLP as the Company’s independent registered accounting firm for the 2023 fiscal year at the 2023-05-17 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-05-17 source text: The stockholders cast 11,034,029 shares in favor and 30,479 shares against this proposal. In addition, 3,567 shares abstained, which had no effect on the outcome of the vote. evidence_url: https://www.sec.gov/Archives/edgar/data/886346/000088634623000086/0000886346-23-000086-index.htm - Shareholder Votes KADANT INC shareholders approved Non-binding advisory vote on the frequency of future advisory votes on executive compensation - every year at the 2023-05-17 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-05-17 source text: The stockholders cast 10,280,602 shares in favor of a vote every year, 2,542 shares in favor of a vote every two years, and 371,201 shares in favor of a vote every three years. In addition, 3,634 shares abstained and 410,096 broker non-votes were recorded, which had no effect on the outcome of the vote. evidence_url: https://www.sec.gov/Archives/edgar/data/886346/000088634623000086/0000886346-23-000086-index.htm - Shareholder Votes KADANT INC shareholders approved Non-binding advisory resolution on the executive compensation of the Company’s named executive officers at the 2023-05-17 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-05-17 source text: The stockholders cast 10,240,779 shares in favor and 411,669 shares against this proposal. In addition, 5,531 shares abstained and 410,096 broker non-votes were recorded, which had no effect on the outcome of the vote. evidence_url: https://www.sec.gov/Archives/edgar/data/886346/000088634623000086/0000886346-23-000086-index.htm - Shareholder Votes KADANT INC shareholders approved Approval of grant of restricted stock units to non-employee directors under the Company's 2006 amended and restated equity incentive plan at the 2023-05-17 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2023-05-17 source text: The stockholders cast 10,092,667 shares in favor and 559,579 shares against this proposal. In addition, 5,733 shares abstained and 410,096 broker non-votes were recorded, which had no effect on the outcome of the vote. evidence_url: https://www.sec.gov/Archives/edgar/data/886346/000088634623000086/0000886346-23-000086-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.