8-K
filed May 25, 2023, 7:59 PM ET
ticker NNBR
CIK 0000918541
other
confidence high
sentiment neutral
materiality 0.30
NN, Inc. board adds CEO Bevis as director; shareholders elect 8 directors, approve say-on-pay
NN INC
- Board increased to nine directors; President/CEO Harold Bevis appointed to fill new directorship effective May 24, 2023.
- Shareholders elected eight directors to one-year terms; broker non-votes totaled 10,891,025 shares.
- Advisory say-on-pay approved with 18,531,622 votes for, 8,187,459 against, 477,188 abstentions.
- Grant Thornton LLP ratified as independent auditor for FY2023 with 38,027,933 votes for.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Harold Bevis was appointed as Director at NN INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed Harold Bevis, the Company’s President and Chief Executive Officer, to fill the newly-created directorship, effective immediately.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
NN INC shareholders approved Advisory (non-binding) vote to set the frequency of future advisory votes on executive compensation at the 2023-05-24 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Proposal 3 The advisory (non-binding) vote on the frequency of votes on the executive compensation of the Company’s named executive officers was in favor of holding a vote on executive compensation of the nature reflected in Proposal II above every year. The results were as follows: One Year Two Years Three Years Abstentions Broker Non-Votes 25,638,551 31,029 1,044,424 482,265 10,891,025
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
NN INC shareholders approved Advisory (non-binding) vote to approve the compensation of the Company's named executive officers at the 2023-05-24 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Proposal 2 The advisory (non-binding) vote on the executive compensation of the Company’s named executive officers was in favor of executive compensation. The results were as follows: For Against Abstentions Broker Non-Votes 18,531,622 8,187,459 477,188 10,891,025
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
NN INC shareholders approved Election of eight directors to serve for a term of one year at the 2023-05-24 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Proposal 1 Eight directors were elected to serve for a term of one year. The results were as follows: Name For Withheld Broker Non-Votes Raynard D. Benvenuti 26,503,581 692,688 10,891,025 Robert E. Brunner 15,226,694 11,969,575 10,891,025 Christina E. Carroll 26,211,957 984,312 10,891,025 João Faria 26,356,332 839,937 10,891,025 Dr. Rajeev Gautam 26,498,031 698,238 10,891,025 Jeri J. Harman 26,225,346 970,923 10,891,025 Dr. Shihab Kuran 15,597,184 11,599,085 10,891,025 Thomas H. Wilson, Jr. 24,310,493 2,885,776 10,891,025
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
NN INC shareholders approved Ratification of selection of Grant Thornton LLP as the Company's registered independent public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-24 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Proposal 4 The Audit Committee’s selection of Grant Thornton LLP as the Company’s registered independent public accounting firm for the fiscal year ending December 31, 2023 was ratified. The results were as follows: For Against Abstentions Broker Non-Votes 38,027,933 54,807 4,554 0
View on SEC.gov
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