---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-23-000025"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2023-09-14T23:59:59+00:00"
generated_at: "2026-06-10T17:10:56.601864+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OpenText annual meeting: say-on-pay fails with 70.5% against; four directors receive >30% withhold votes

## Summary
- Non-binding advisory vote on executive compensation rejected: 153,973,475 against (70.48%) vs 64,500,361 for (29.52%).
- Four directors got >30% withhold votes: Michael Slaunwhite (35.36%), Deborah Weinstein (33.91%), Ann Powell (32.84%), Gail Hamilton (31.04%).
- All 11 nominees re-elected; highest support: Robert Hau (99.35%), Mark Barrenechea (96.82%).
- Board re-appointed P. Thomas Jenkins as Chair and Mark J. Barrenechea as Vice Chair.
- Shareholder turnout: 81.50% of outstanding shares represented (221,014,024 shares).

## SEC filing metadata
- accession: 0001002638-23-000025
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2023-09-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000025/0001002638-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000025/otex-20230914.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-23-000025
- JSON: https://secwatch.observer/filing/0001002638-23-000025.json
- Plain text: https://secwatch.observer/filing/0001002638-23-000025.txt

## Key facts
- Shareholder Votes
  OPEN TEXT CORP shareholders approved Election of Directors at the 2023-09-14 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-09-14
  source text: The following table sets forth information regarding the election of each of the following nominees as directors of the Company until the next annual meeting of shareholders of the Company or until the successor of such director is duly elected or appointed: Outcome of Vote Vote For Votes Against Broker Non-Votes (a) P. Thomas Jenkins Carried by ballot 195,700,281 89.58 % 22,773,559 10.42 % 2,540,184 (b) Mark J. Barrenechea Carried by ballot 211,517,039 96.82 % 6,956,801 3.18 % 2,540,184 (c) Randy Fowlie Carried by ballot 191,898,709 87.84 % 26,575,130 12.16 % 2,540,185 (d) David Fraser Carried by ballot 193,710,683 88.67 % 24,763,157 11.33 % 2,540,184 (e) Gail E. Hamilton Carried by ballot 150,658,728 68.96 % 67,813,324 31.04 % 2,541,972 (f) Robert Hau Carried by ballot 217,045,162 99.35 % 1,428,678 0.65 % 2,540,184 (g) Ann M. Powell Carried by ballot 146,732,480 67.16 % 71,739,571 32.84 % 2,541,973 (h) Stephen J. Sadler Carried by ballot 204,429,679 93.57 % 14,044,161 6.43 % 2,540,18
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000025/0001002638-23-000025-index.htm
- Shareholder Votes
  OPEN TEXT CORP shareholders approved Re-Appointment of Independent Auditors at the 2023-09-14 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-09-14
  source text: The shareholders approved the re-appointment of KPMG LLP, Chartered Professional Accountants, as the independent auditors of the Company to hold office until the next annual meeting of shareholders or until a successor is appointed, as set forth below: Votes For Votes Withheld 197,831,631 (89.51%) 23,180,809 (10.49%) There were 1,584 broker non-votes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000025/0001002638-23-000025-index.htm
- Shareholder Votes
  OPEN TEXT CORP shareholders rejected Shareholder Advisory Vote on Executive Compensation (Say-on-Pay Vote) at the 2023-09-14 meeting.
  - Proposal: say on pay
  - Outcome: failed
  - Meeting: 2023-09-14
  source text: The results of the non-binding advisory vote on the Company’s approach to executive compensation are set forth below: Votes For Votes Against 64,500,361 (29.52%) 153,973,475 (70.48%) There were 2,540,188 broker non-votes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263823000025/0001002638-23-000025-index.htm

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