8-K
filed July 31, 2023, 7:59 PM ET
ticker KD
CIK 0001867072
other material
confidence high
sentiment neutral
materiality 0.50
Kyndryl shareholders approve 17M share increase to long-term incentive plan; severance plan amended
Kyndryl Holdings, Inc.
- Stockholders approved amendment to 2021 Long-Term Performance Plan, increasing authorized shares by 17,000,000.
- Severance plan amended to allow waiver of noncompete/customer nonsolicit where prohibited in the U.S.; VP Total Rewards granted waiver authority.
- Continued equity vesting on retirement now requires one year of active service from grant date for restricted stock units.
- At annual meeting, directors elected with >97% support; say-on-pay approved by 88%; auditor ratification 99%.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Kyndryl Holdings, Inc. shareholders approved Approval of Amendment and Restatement of the Amended and Restated Kyndryl 2021 Long-Term Performance Plan at the 2023-07-27 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-07-27
Exact text from the filing
Proposal 3—Approval of Amendment and Restatement of the Amended and Restated Kyndryl 2021 Long-Term Performance Plan (“Amended Plan”) 93% of the votes present and entitled to vote approved the amendment and restatement of the Amended and Restated Kyndryl 2021 Long-Term Performance Plan Votes For Votes Against Abstentions Broker Non-Votes 133,206,210 9,345,158 653,551 39,679,269
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Kyndryl Holdings, Inc. shareholders approved Advisory Vote to Approve Executive Compensation at the 2023-07-27 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-07-27
Exact text from the filing
Proposal 2—Advisory Vote to Approve Executive Compensation 88% of the votes present and entitled to vote approved the compensation of the Company’s named executive officers: Votes For Votes Against Abstentions Broker Non-Votes 126,290,024 16,242,130 672,765 39,679,269
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Kyndryl Holdings, Inc. shareholders approved Election of Directors at the 2023-07-27 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-07-27
Exact text from the filing
Proposal 1—Election of Directors Each director nominee received the support of at least 97% of the votes cast: Name Votes For Votes Against Abstentions Broker Non-Votes John D. Harris II 139,188,743 3,722,905 293,271 39,679,269 Jana Schreuder 140,331,843 2,592,852 280,224 39,679,269 Howard I. Ungerleider 140,685,278 2,224,861 294,780 39,679,269
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Kyndryl Holdings, Inc. shareholders approved Ratification of the Appointment of the Independent Registered Public Accounting Firm at the 2023-07-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-07-27
Exact text from the filing
Proposal 4—Ratification of the Appointment of the Independent Registered Public Accounting Firm 99% of the votes present and entitled to vote ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024: Votes For Votes Against Abstentions Broker Non-Votes 181,703,319 811,632 369,237 0
View on SEC.gov
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