secwatch.observer — SEC 8-K summary
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Issuer:     CTS CORP (CTS)
CIK:        0000026058
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0000950170-23-022215
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTS Corp. amends bylaws for electronic board consents and holds 2023 annual meeting
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- Board amended Article VIII of bylaws to permit electronic board consents under Indiana law.
- All six director nominees elected: Donna Costello, William Johnson, Kieran O'Sullivan, Robert Profusek, Randy Stone, Alfonso Zulueta.
- Non-binding advisory vote on executive compensation (say-on-pay) approved with 27,851,669 for vs 980,524 against.
- Shareholders favored one-year frequency for future say-on-pay votes; board adopted annual frequency.
- Shareholder proposal to require shareholder approval for termination pay failed with 14,025,960 for vs 14,802,616 against.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26058/000095017023022215/0000950170-23-022215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26058/000095017023022215/cts-20230511.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-022215

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