other material
confidence high
sentiment neutral
materiality 0.25
Array adopts deferred comp plan for VPs+; annual meeting elects directors, ratifies auditor
Array Technologies, Inc.
- New non-qualified plan allows VP+ employees to defer up to 50% of salary and 100% of cash incentive; company match for 401(k) excess over $345,000 comp limit.
- Plan effective June 1, 2024; company contributions vest 100% on second anniversary.
- Annual meeting: stockholders elected Troy Alstead, Orlando Ashford, Bilal Khan as directors for 3-year terms.
- Ratified Deloitte & Touche as independent auditor for FY2024 with 129.1M votes for, 0.3M against.
- Advisory say-on-pay approved with 107.6M for, 11.5M against, 10.1M broker non-votes.