other material
confidence high
sentiment neutral
materiality 0.45
CarMax shareholders approve 2002 Stock Incentive Plan amendments, adding 1.842M shares
CARMAX INC
- Shareholders approved amendments to the 2002 Stock Incentive Plan, increasing authorized shares by 1,842,000 to 63,692,000 total.
- Amendments add minimum one-year vesting (with 5% exception), prohibit dividends on unvested awards, and extend plan term to June 23, 2036.
- All 11 director nominees elected; Thomas J. Folliard received lowest support (95.4% of votes cast).
- KPMG ratified as auditor for FY2027 with 98.4% approval; say-on-pay approved with 95.0% of votes cast.
- Plan amendment approved with 96.7% of votes cast excluding broker non-votes.