8-K
filed September 22, 2023, 7:59 PM ET
ticker SWBI
CIK 0001092796
other material
confidence high
sentiment neutral
materiality 0.15
Smith & Wesson annual meeting: all management proposals pass, two stockholder proposals fail
SMITH & WESSON BRANDS, INC.
- All seven director nominees elected; votes for ranged from 20.1M to 22.0M.
- Say-on-pay approved with 21.4M votes for (96.8% of votes cast); annual frequency selected for future votes.
- Ratification of Deloitte & Touche as independent auditor for FY2024: 33.2M for, 0.5M against.
- Management proposals to allow special stockholder meetings and adopt exclusive forum bylaw both passed with >18M votes for.
- Stockholder proposals on special meeting and human rights impact assessment failed, each receiving only ~6M votes for.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SMITH & WESSON BRANDS, INC. shareholders approved Management proposal concerning the right to call special stockholder meetings at the 2023-09-19 meeting.
- Outcome
- passed
- Meeting
- 2023-09-19
Exact text from the filing
5. Our stockholders approved a management proposal concerning the right to call special stockholder meetings. Votes For Votes Against Abstentions Broker Non-Votes Management proposal (special stockholder meeting) 21,173,132 247,215 864,038 11,682,528
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SMITH & WESSON BRANDS, INC. shareholders approved Advisory vote on compensation of named executive officers for fiscal 2023 at the 2023-09-19 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-09-19
Exact text from the filing
2. Our stockholders approved the say-on-pay proposal. Votes For Votes Against Abstentions Broker Non-Votes Say-on-pay proposal 21,426,253 666,136 191,996 11,682,528
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SMITH & WESSON BRANDS, INC. shareholders approved Election of directors at the 2023-09-19 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-09-19
Exact text from the filing
1. The following directors were elected at the annual meeting: Director Votes For Votes Withheld Broker Non- Votes Anita D. Britt 21,941,907 342,478 11,682,528 Fred M. Diaz 21,027,624 1,256,761 11,682,528 Michelle J. Lohmeier 21,997,050 287,335 11,682,528 Barry M. Monheit 21,041,068 1,243,317 11,682,528 Robert L. Scott 21,043,439 1,240,946 11,682,528 Mark P. Smith 21,983,476 300,909 11,682,528 Denis G. Suggs 20,090,622 2,193,763 11,682,528
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SMITH & WESSON BRANDS, INC. shareholders rejected Stockholder proposal concerning right to call special stockholder meetings at the 2023-09-19 meeting.
- Outcome
- failed
- Meeting
- 2023-09-19
Exact text from the filing
7. Our stockholders did not approve a stockholder proposal concerning the right to call special stockholder meetings. Votes For Votes Against Abstentions Broker Non-Votes Stockholder proposal (special shareholder meeting) 6,204,470 15,969,806 110,109 11,682,528
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SMITH & WESSON BRANDS, INC. shareholders rejected Stockholder proposal concerning human rights impact assessment at the 2023-09-19 meeting.
- Outcome
- failed
- Meeting
- 2023-09-19
Exact text from the filing
8. Our stockholders did not approve a stockholder proposal concerning a human rights impact assessment. Votes For Votes Against Abstentions Broker Non-Votes Stockholder proposal (impact assessment) 5,912,229 16,198,734 173,422 11,682,528
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SMITH & WESSON BRANDS, INC. shareholders approved Frequency of future say-on-pay votes at the 2023-09-19 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-09-19
Exact text from the filing
3. Our stockholders approved "annual" as the frequency of future say-on-pay votes. 1 Year 2 Years 3 Years Abstentions Broker Non-Votes Frequency of future say-on-pay votes 19,436,671 121,455 2,585,583 140,676 11,682,528
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SMITH & WESSON BRANDS, INC. shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accountant for fiscal 2024 at the 2023-09-19 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-09-19
Exact text from the filing
4. Our stockholders ratified the appointment of Deloitte & Touche LLP as our independent registered public accountants for the fiscal year ending April 30, 2024. Votes For Votes Against Abstentions Broker Non- Votes Ratification of Deloitte & Touche LLP as independent registered public accountants 33,177,044 496,085 293,784 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SMITH & WESSON BRANDS, INC. shareholders approved Management proposal concerning ratification of Nevada exclusive forum bylaw provision at the 2023-09-19 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-09-19
Exact text from the filing
6. Our stockholders approved a management proposal concerning the ratification of a Nevada exclusive forum bylaw provision. Votes For Votes Against Abstentions Broker Non-Votes Management proposal (exclusive forum) 18,506,490 3,641,955 135,940 11,682,528
View on SEC.gov
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