8-K
filed February 10, 2023, 6:59 PM ET
ticker CENT
CIK 0000887733
other material
confidence high
sentiment neutral
materiality 0.30
Central Garden & Pet sets FY2022 bonuses, raises salaries; shareholders back triennial say-on-pay
CENTRAL GARDEN & PET CO
- Compensation committee approved cash bonuses: CEO Cofer $581,175, CFO Lahanas $125,400, President Hanson $135,300, President Walker $127,100, Chairman Brown $81,000.
- Base salary increases effective Jan 1, 2023: Cofer to $1,047,550, Lahanas to $493,000, Hanson to $529,000, Walker to $542,000.
- Board granted 2,940 restricted stock shares to each nonemployee director, vesting in six months, under 2003 equity plan.
- Shareholders elected all 11 director nominees and approved executive compensation on advisory basis with 96.7% support.
- Advisory vote on say-on-pay frequency favored every three years (11.9M votes); company will maintain triennial cycle.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CENTRAL GARDEN & PET CO shareholders approved An advisory (non-binding) vote on how frequently (every one, two or three years) shareholders prefer that the Company conducts an advisory (non-binding) vote of shareholders on the compensation of the Company’s named executive officers. at the 2023-02-07 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-02-07
Exact text from the filing
Proposal Two : The shareholders voted on an advisory (non-binding) basis, to hold an advisory (non-binding) vote on the compensation of the Company’s named executive officers every three years, by the votes set forth in the following table:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CENTRAL GARDEN & PET CO shareholders approved Election of eleven directors to serve until the 2024 Annual Meeting and until their successors are duly elected and qualified. at the 2023-02-07 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-02-07
Exact text from the filing
Proposal One : The following individuals were elected to serve as directors until the Company’s next annual meeting and until their respective successors are elected and qualified by the votes set forth in the following table:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CENTRAL GARDEN & PET CO shareholders approved An advisory (non-binding) vote on the compensation of the Company’s named executive officers. at the 2023-02-07 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-02-07
Exact text from the filing
Proposal Three : The shareholders approved, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers, by the votes set forth in the following table:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CENTRAL GARDEN & PET CO shareholders approved The ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending on September 30, 2023. at the 2023-02-07 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-02-07
Exact text from the filing
Proposal Four : The appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending on September 30, 2023 was ratified, by the votes set forth in the following table:
View on SEC.gov
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