---
schema_version: "secwatch.filing_event.v1"
accession: "0001002638-24-000060"
form_type: "8-K"
ticker: "OTEX"
cik: "0001002638"
company_name: "OPEN TEXT CORP"
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:07:27.559999+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OpenText shareholders reject Say-on-Pay; director Powell departs; all other directors re-elected

## Summary
- Say-on-Pay advisory vote: 74.89% against (163.8M votes), strong dissent on executive compensation.
- Director Ann M. Powell declined re-election prior to AGM; no disagreement cited.
- All 10 remaining director nominees re-elected; David Fraser received highest opposition at 14.54% against.
- Shareholders approved KPMG re-appointment (95.61%) and 6M share increase to ESPP (99.51%).
- Board re-appointed P. Thomas Jenkins as Chair and Mark J. Barrenechea as Vice Chair.

## SEC filing metadata
- accession: 0001002638-24-000060
- form_type: 8-K
- ticker: OTEX
- cik: 0001002638
- company_name: OPEN TEXT CORP
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002638/000100263824000060/0001002638-24-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002638/000100263824000060/otex-20240912.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001002638-24-000060
- JSON: https://secwatch.observer/filing/0001002638-24-000060.json
- Plain text: https://secwatch.observer/filing/0001002638-24-000060.txt

## Key facts
- Executive change
  Ann M. Powell resigned as Director at OPEN TEXT CORP.
  - Action: resigned
  - Role: Director
  source text: Ann M. Powell informed the Company of her decision not to stand for election to the Board of Directors of the Company at the Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002638/000100263824000060/0001002638-24-000060-index.htm

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