8-K
filed November 1, 2023, 7:59 PM ET
ticker TWIN
CIK 0000100378
other material
confidence high
sentiment neutral
materiality 0.25
Twin Disc shareholders elect directors, approve executive compensation, ratify auditor; board receives restricted stock
TWIN DISC INC
- At Oct 26 annual meeting, Michael Doar (93.15%) and Michael Smiley (97.92%) elected as directors.
- Advisory vote on named executive officer compensation passed (9,934,309 for; 135,260 against).
- Shareholders ratified RSM US LLP as independent auditor for FY2024 (11,280,203 for; 36,822 against).
- Non-employee directors each received 5,397 restricted shares (~54% of annual retainer) under 2020 Stock Plan.
- Advisory vote on frequency of say-on-pay favored 1 year (9,523,625 votes).
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
TWIN DISC INC shareholders approved Advisory Vote on the Compensation of the Company’s Named Executive Officers at the 2023-10-26 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-10-26
Exact text from the filing
Proposal No. 2 – Advisory Vote on the Compensation of the Company ’ s Named Executive Officers.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
TWIN DISC INC shareholders approved Advisory Vote on the Frequency of the vote on Compensation of the Company’s Named Executive Officers at the 2023-10-26 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-10-26
Exact text from the filing
Proposal No. 3 – Advisory Vote on the Frequency of the vote on Compensation of the Company ’ s Names Executive Officers.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
TWIN DISC INC shareholders approved Appointment of RSM US LLP as Independent Registered Public Accounting Firm at the 2023-10-26 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-10-26
Exact text from the filing
Proposal No. 4 – Appointment of RSM US LLP as Independent Registered Public Accounting Firm.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
TWIN DISC INC shareholders approved Election of Directors at the 2023-10-26 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-10-26
Exact text from the filing
The shareholders of the Company elected each of the Director nominees proposed by the Company’s Board of Directors.
View on SEC.gov
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