---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-021860"
form_type: "8-K"
ticker: "ADTN"
cik: "0000926282"
company_name: "ADTRAN Holdings, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T02:00:17.715549+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# ADTRAN Holdings shareholders reject advisory say-on-pay resolution at 2023 annual meeting

## Summary
- Advisory vote on NEO compensation failed: 28.17M for, 32.28M against, 0.90M abstain.
- Stockholders approved annual say-on-pay frequency: 59.48M for every year, 1.78M for three years.
- Ratification of PwC as auditor passed: 60.88M for, 3.79M against, 0.03M abstain.
- All nine director nominees elected; Balan Nair received 39.34M for, 21.96M against.

## SEC filing metadata
- accession: 0000950170-23-021860
- form_type: 8-K
- ticker: ADTN
- cik: 0000926282
- company_name: ADTRAN Holdings, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926282/000095017023021860/0000950170-23-021860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926282/000095017023021860/adtn-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-021860
- JSON: https://secwatch.observer/filing/0000950170-23-021860.json
- Plain text: https://secwatch.observer/filing/0000950170-23-021860.txt

## Key facts
- Shareholder Votes
  ADTRAN Holdings, Inc. shareholders rejected Advisory vote on compensation of named executive officers at the 2023-05-10 meeting.
  - Proposal: say on pay
  - Outcome: failed
  - Meeting: 2023-05-10
  source text: Proposal 2 - Advisory Vote Regarding Compensation of the Company's Named Executive Officers For Against Abstain Broker Non-Votes 28,166,038 32,283,336 900,678 3,349,888
  evidence_url: https://www.sec.gov/Archives/edgar/data/926282/000095017023021860/0000950170-23-021860-index.htm
- Shareholder Votes
  ADTRAN Holdings, Inc. shareholders approved Ratification of PricewaterhouseCoopers LLP as independent auditor for fiscal year 2023 at the 2023-05-10 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-10
  source text: Proposal 4 – Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2023 For Against Abstain 60,884,689 3,789,100 26,151
  evidence_url: https://www.sec.gov/Archives/edgar/data/926282/000095017023021860/0000950170-23-021860-index.htm
- Shareholder Votes
  ADTRAN Holdings, Inc. shareholders approved Advisory vote on frequency of future advisory votes on compensation at the 2023-05-10 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-10
  source text: Proposal 3 – Advisory Vote Regarding Frequency of Future Advisory Votes on the Compensation of the Company’s Named Executive Officers Every Year Every Two Years Every Three Years Abstain Broker Non-Votes 59,484,478 54,605 1,780,813 30,156 3,349,888
  evidence_url: https://www.sec.gov/Archives/edgar/data/926282/000095017023021860/0000950170-23-021860-index.htm
- Shareholder Votes
  ADTRAN Holdings, Inc. shareholders approved Election of nine directors to serve until 2024 Annual Meeting at the 2023-05-10 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-10
  source text: Proposal 1 - Election of Directors For Against Abstain Broker Non-Votes Thomas R. Stanton 53,240,968 1,919,051 6,190,033 3,349,888 Johanna Hey 60,426,321 869,728 54,003 3,349,888 H. Fenwick Huss 56,627,525 4,689,774 32,753 3,349,888 Gregory J McCray 58,950,950 2,348,205 50,897 3,349,888 Balan Nair 39,339,289 21,957,994 52,769 3,349,888 Brian Protiva 60,717,566 577,529 54,957 3,349,888 Jacqueline H. Rice 60,387,036 930,609 32,407 3,349,888 Nikos Theodosopoulos 59,191,317 2,104,446 54,289 3,349,888 Kathryn A. Walker 60,859,764 437,446 52,842 3,349,888
  evidence_url: https://www.sec.gov/Archives/edgar/data/926282/000095017023021860/0000950170-23-021860-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.