secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001002638-24-000060
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263824000060/0001002638-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263824000060/otex-20240912.htm
  HTML page:      https://secwatch.observer/filing/0001002638-24-000060

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