secwatch.observer — SEC 8-K summary
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Issuer:     NEOGEN CORP (NEOG)
CIK:        0000711377
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000950170-23-056922
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Neogen enters new severance agreements, amends bylaws, and holds annual meeting
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- New severance letters for CEO Adent, CFO Naemura, and other NEOs; 2x salary for CEO, 1x for others on non-Cause/Good Reason termination.
- CFO Naemura granted $2.2M retention options; vesting requires 20% stock price appreciation from grant date over a 7-year period.
- Bylaws amended effective Oct 26, 2023: advance notice deadline for shareholder proposals moved to 120-90 days; virtual meetings permitted; universal proxy rule compliance.
- Annual meeting Oct 25, 2023: directors Gupta, Rodriguez, Woteki elected; say-on-pay approved (188.9M for); 1-year frequency selected; 2023 Omnibus Plan approved (183.7M for); BDO ratified as auditor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711377/000095017023056922/0000950170-23-056922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711377/000095017023056922/neog-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-056922

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