TE Connectivity shareholders OK share cancellation, 2024 equity plan, non-compete amendments

TE Connectivity plc

Shareholders approved cancellation of 5,895,500 repurchased shares; share capital reduced by CHF 3,360,435 to CHF 180,447,625.
Approved the 2024 Stock and Incentive Plan, authorizing 19,939,500 shares for issuance.
Non-compete post-termination consideration cap changed to average annual compensation over three years per Swiss law; employment agreements amended for five named executives.
Articles of Association amended for hybrid/virtual meetings, board compensation, and capital band renewal (one year).

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TE Connectivity plc: Shareholders approved amendments to Articles of Association primarily relating to changes in Swiss law, including capital band renewal and share capital reduction (effective 2024-03-14).

Change: charter amendment
Effective: 2024-03-14

Exact text from the filing

The amendments to the Company’s Articles of Association reflecting the above became effective on March 14, 2024 upon registration with the Commercial Registry.

View on SEC.gov

Browse all governance changes →

TE Connectivity plc filing history →

Source: SEC EDGAR

accession 0001104659-24-035554

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.