8-K
filed March 12, 2024, 7:59 PM ET
ticker UTI
CIK 0001261654
other material
confidence high
sentiment neutral
materiality 0.50
UTI amends equity plan adding 3.3M shares; director Blaszkiewicz resigns
UNIVERSAL TECHNICAL INSTITUTE INC
- Director David A. Blaszkiewicz resigned from Board; no disagreement. Michael A. Slubowski becomes Compensation Committee Chair.
- Stockholders approved Amended and Restated 2021 Equity Incentive Plan, adding 3,300,000 new shares.
- All four stockholder proposals passed: director election, auditor ratification, say-on-pay, and equity plan.
- Amended plan authorizes Options, SARs, Restricted Stock, RSUs, Performance Awards, and cash-based awards.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
David A. Blaszkiewicz resigned as Director at UNIVERSAL TECHNICAL INSTITUTE INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective March 7, 2024, David A. Blaszkiewicz resigned from his position as a member of the Board, including as a member of the Compensation Committee.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNIVERSAL TECHNICAL INSTITUTE INC shareholders approved Election of three Class II Directors.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
Proposal 1 : The stockholders elected each of the three nominees as Class II Directors to serve a three-year term ending in 2027, or until the Director’s successor is duly elected and qualified, as follows: Director Votes For Votes Against Abstentions Broker Non-Votes George W. Brochick 41,189,871 2,171,027 4,227 2,244,131 Lieutenant General William J. Lennox, Jr. 43,018,919 344,499 1,707 2,244,131 Linda J. Srere 40,295,664 3,067,309 2,152 2,244,131
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNIVERSAL TECHNICAL INSTITUTE INC shareholders approved Adoption of the Amended and Restated Plan.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
Proposal 4 : The stockholders approved the adoption of the Amended and Restated Plan as follows: Votes For Votes Against Abstentions Broker Non-Votes 42,331,502 1,026,523 7,100 2,244,131
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNIVERSAL TECHNICAL INSTITUTE INC shareholders approved Advisory approval of the compensation of the Company’s named executive officers.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
Proposal 3 : The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as follows: Votes For Votes Against Abstentions Broker Non-Votes 42,577,961 478,785 308,379 2,244,131
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNIVERSAL TECHNICAL INSTITUTE INC shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending September 30, 2024 at the 2024-09-30 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-09-30
Exact text from the filing
Proposal 2 : The stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the Company for the year ending September 30, 2024 as follows: Audit Firm Votes For Votes Against Abstentions Deloitte & Touche LLP 45,277,089 284,319 47,848
View on SEC.gov
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