secwatch.observer — SEC 8-K summary
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Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001058290-23-000230
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cognizant shareholders approve 2023 Incentive Award Plan (25M shares) and ESPP increase to 50M shares
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- 2023 Incentive Award Plan approved; authorizes up to ~24.775M new shares plus forfeited awards.
- ESPP share reserve increased from 40M to 50M shares; purchase price at 95% of fair market value.
- All 13 director nominees re-elected with overwhelming support; average 'for' votes ~94%.
- Advisory say-on-pay passed (394M for vs 32M against); say-on-frequency set at 1 year (419M votes).
- Two shareholder proposals (fair elections and termination pay) failed overwhelmingly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829023000230/0001058290-23-000230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829023000230/ctsh-20230606.htm
  HTML page:      https://secwatch.observer/filing/0001058290-23-000230

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