secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001104659-23-085864
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kyndryl shareholders approve 17M share increase to long-term incentive plan; severance plan amended
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000110465923085864/0001104659-23-085864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000110465923085864/tm2322073d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-085864

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