8-K
filed May 15, 2023, 7:59 PM ET
ticker ASRT
CIK 0001808665
other material
confidence high
sentiment negative
materiality 0.60
Shareholders approve 4.15M share increase to 2014 Plan; fail to pass subsidiary charter amendment
Assertio Holdings, Inc.
- Approved 4,150,000 share increase to 2014 Omnibus Incentive Plan (Proposal 2).
- Proposal 5 to eliminate pass-through voting provision in subsidiary charter failed; did not receive majority of outstanding shares.
- All five director nominees elected; say-on-pay approved with 'Every Year' frequency.
- Grant Thornton LLP ratified as auditor for FY 2023.
- The failed subsidiary amendment could impact corporate governance flexibility.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Assertio Holdings, Inc. shareholders rejected Approval of an amendment to the Amended and Restated Certificate of Incorporation of Therapeutics to eliminate the pass-through voting provision.
- Proposal
- charter amendment
- Outcome
- failed
Exact text from the filing
The votes on Proposal 5 were as follows: Votes For 23,459,757 Votes Against 1,037,510 Abstentions 392,571 Broker Non-Votes 10,660,256
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Assertio Holdings, Inc. shareholders approved Advisory vote on the preferred frequency of future advisory votes on the compensation of the Company's named executive officers.
- Proposal
- say on pay frequency
- Outcome
- passed
Exact text from the filing
The votes on Proposal 4 were as follows: Votes for “Every Year” 23,487,651 Votes for “Every Two Years” 563,335 Votes for “Every Three Years” 604,056 Abstentions 234,796 Broker Non-Votes 10,660,256
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Assertio Holdings, Inc. shareholders approved Election of five director nominees to serve until the 2024 Annual Meeting of Stockholders.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
The votes on Proposal 1 were as follows: Votes For Votes Against Abstentions Broker Non-Votes Heather L. Mason 22,582,794 2,208,789 98,255 10,660,256 William T. McKee 20,445,044 1,859,945 2,584,849 10,660,256 Daniel A. Peisert 23,849,864 945,348 94,626 10,660,256 Peter D. Staple 23,792,858 999,535 97,445 10,660,256 James L. Tyree 21,218,772 1,085,995 2,585,071 10,660,256
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Assertio Holdings, Inc. shareholders approved Advisory approval of the compensation of the Company's named executive officers.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
The votes on Proposal 3 were as follows: Votes For 19,686,278 Votes Against 2,486,926 Abstentions 2,716,634 Broker Non-Votes 10,660,256
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Assertio Holdings, Inc. shareholders approved Approval of an amendment and restatement of the Company's Amended and Restated 2014 Omnibus Incentive Plan to increase the number of shares available for issuance thereunder.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
The votes on Proposal 2 were as follows: Votes For 20,957,311 Votes Against 3,855,599 Abstentions 76,928 Broker Non-Votes 10,660,256
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Assertio Holdings, Inc. shareholders approved Ratification of the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023.
- Proposal
- auditor ratification
- Outcome
- passed
Exact text from the filing
The votes on Proposal 6 were as follows: Votes For 34,434,616 Votes Against 1,053,322 Abstentions 62,156 Broker Non-Votes 0
View on SEC.gov
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