secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0001002638-23-000025
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263823000025/0001002638-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263823000025/otex-20230914.htm
  HTML page:      https://secwatch.observer/filing/0001002638-23-000025

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