other material
confidence high
sentiment negative
materiality 0.60
G-III say-on-pay fails with 32.5M against; three directors who lost majority support remain
G III APPAREL GROUP LTD /DE/
- Advisory say-on-pay vote received 9.5M for, 32.5M against, 122K abstentions; company will consider results.
- Directors Herrero, Pomerantz, White each had more withheld than for votes; Board declined their resignations.
- Shareholders approved amendment to 2015 Long-Term Incentive Plan, adding 1.2M authorized shares.
- Ernst & Young ratified as independent auditor for FY2023 with 42.6M for, 2.3M against.
- Board cites overboarding for Herrero and bonus concerns for White and Pomerantz as reasons for retaining them.