8-K
filed October 31, 2022, 7:59 PM ET
ticker MRCY
CIK 0001049521
other material
confidence high
sentiment negative
materiality 0.75
Say-on-pay rejected at Mercury Systems annual meeting; O'Brien named Chairman
MERCURY SYSTEMS INC
- Shareholders voted against advisory executive compensation resolution: 39.4M against vs 9.7M for (80% opposed).
- Three Class I directors elected: William Ballhaus, Lisa Disbrow, Howard Lance; each received majority support.
- Amended 2018 Stock Incentive Plan approved with 46.4M for, 4.8M against.
- Ratification of KPMG as FY2023 auditor approved with 52.9M for, 0.2M against.
- William K. O'Brien elected Chairman of the Board following the annual meeting.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MERCURY SYSTEMS INC shareholders approved To ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal 2023 at the 2022-10-26 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2022-10-26
Exact text from the filing
4. To ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for fiscal 2023: For: 52,913,256 Against: 208,986 Abstain: 21,670 Broker Non-Votes: 0 Uncast 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MERCURY SYSTEMS INC shareholders rejected To consider and act upon any other business that may properly come before the meeting or any adjournment or postponement of the meeting at the 2022-10-26 meeting.
- Outcome
- failed
- Meeting
- 2022-10-26
Exact text from the filing
5. To consider and act upon any other business that may properly come before the meeting or any adjournment or postponement of the meeting: For: 2,255,360 Against: 48,986,666 Abstain: 61,558 Non-Votes: 1,840,328 Uncast 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MERCURY SYSTEMS INC shareholders approved Election of three Class I directors nominated by the Board of Directors, each to serve for a three-year term, and in each case until their successors have been duly elected and qualified at the 2022-10-26 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2022-10-26
Exact text from the filing
1. To elect three Class I directors nominated by the Board of Directors, each to serve for a three-year term, and in each case until their successors have been duly elected and qualified: Class I Directors: Director Nominee For Withheld Non-Votes Uncast William L. Ballhaus 50,827,294 476,290 1,840,328 0 Lisa S. Disbrow 41,385,448 9,918,136 1,840,328 0 Howard L. Lance 50,022,805 1,280,779 1,840,328 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MERCURY SYSTEMS INC shareholders rejected To approve, on an advisory basis, the compensation of the Company's named executive officers at the 2022-10-26 meeting.
- Proposal
- say on pay
- Outcome
- failed
- Meeting
- 2022-10-26
Exact text from the filing
2. To approve, on an advisory basis, the compensation of the Company’s named executive officers: For: 9,724,223 Against: 39,364,909 Abstain: 2,214,452 Non-Votes: 1,840,328 Uncast 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MERCURY SYSTEMS INC shareholders approved To approve the Company's amended and restated 2018 Stock Incentive Plan at the 2022-10-26 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2022-10-26
Exact text from the filing
3. To approve the Company’s amended and restated 2018 Stock Incentive Plan: For: 46,442,494 Against: 4,842,675 Abstain: 18,415 Non-Votes: 1,840,328 Uncast 0
View on SEC.gov
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