8-K
filed March 7, 2023, 6:59 PM ET
ticker UTI
CIK 0001261654
other
confidence high
sentiment neutral
materiality 0.15
Universal Technical Institute annual meeting results: all proposals pass, board opts for annual say-on-pay
UNIVERSAL TECHNICAL INSTITUTE INC
- Elected four Class I directors: Blaszkiewicz, DeVincenzi, Grant, Okinaka with over 21.5M votes each; broker non-votes ~2.5M.
- Ratified Deloitte & Touche as auditor for FY2023 with 27.5M for, 8,028 against, 96,959 abstentions.
- Advisory say-on-pay passed with 22.4M for, 2.6M against; broker non-votes ~2.5M.
- Stockholders preferred annual advisory votes on exec comp (23.1M for one year); board set annual frequency.
- Meeting held March 2, 2023; all proposals recommended by board were approved.
Key facts
Extracted from this filing and checked against the source text.
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 at the 2023-03-02 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-03-02
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, 2023 as follows: Audit Firm Votes For Votes Against Abstentions Deloitte & Touche LLP 27,485,910 8,028 96,959
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNIVERSAL TECHNICAL INSTITUTE INC shareholders approved Advisory vote on compensation of named executive officers at the 2023-03-02 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-03-02
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 22,390,700 2,636,624 23,420 2,540,153
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNIVERSAL TECHNICAL INSTITUTE INC shareholders approved Election of Class I Directors at the 2023-03-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-03-02
Exact text from the filing
Proposal 1 : The stockholders elected each of the four nominees as Class I Directors to serve a three-year term ending in 2026, or until the Director’s successor is duly elected and qualified, as follows: Director Votes For Votes Against Abstentions Broker Non-Votes David A. Blaszkiewicz 21,573,417 229,690 3,247,637 2,540,153 Robert T. DeVincenzi 22,907,102 1,432,872 710,770 2,540,153 Jerome A. Grant 24,188,012 150,481 712,251 2,540,153 Shannon Okinaka 24,919,303 127,676 3,765 2,540,153
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNIVERSAL TECHNICAL INSTITUTE INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-03-02 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-03-02
Exact text from the filing
Proposal 4 : The stockholders approved, on an advisory basis, the frequency of future advisory votes on the compensation of the Company’s named executive officers as follows: Votes For One Year: 23,091,922 Two Years: 36,908 Three Years: 1,912,502 Abstentions: 9,412
View on SEC.gov
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