8-K
filed November 21, 2023, 6:59 PM ET
ticker KE
CIK 0001606757
other material
confidence high
sentiment neutral
materiality 0.35
Kimball Electronics shareholders approve 2023 Equity Incentive Plan (2M shares); re-elect directors
Kimball Electronics, Inc.
- Shareholders approved 2023 Equity Plan authorizing up to 2M new shares, with 53% of votes cast in favor; plan expires Nov 2033.
- Board replaced 2021 Severance Plan with 2023 Leadership Team Severance Plan; terms unchanged, clarifies coverage and updates titles.
- All three Class III director nominees re-elected with 96-98% of votes cast in favor.
- Ratified Deloitte as auditor for FY2024 with 96.8% votes cast in favor; say-on-pay approved with 98% votes cast in favor.
- Post-meeting, Board appointed committee chairs: Holcomb (Audit), Vadaketh (Nominating & ESG), Van Deursen (Talent/Comp).
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Kimball Electronics, Inc. shareholders approved Ratification of selection of Deloitte & Touche, LLP as independent registered public accounting firm for fiscal year 2024 at the 2023-11-17 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-11-17
Exact text from the filing
The Share Owners voted to ratify the selection of Deloitte & Touche, LLP as the Company’s independent registered public accounting firm for fiscal year 2024 as follows: Votes For Votes Against Votes Abstaining Percentage of Votes Cast in Favor 21,164,718 699,223 39,702 96.8 %
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Kimball Electronics, Inc. shareholders approved Election of Class III nominees for director at the 2023-11-17 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-11-17
Exact text from the filing
The Share Owners voted to elect or reelect each of the Class III nominees for director as follows: Class III Nominees for Directors to serve a three-year term Votes For Votes Withheld Broker Non-Votes Percentage of Votes Cast in Favor Robert J. Phillippy 18,194,482 770,940 2,938,221 96 % Richard D. Phillips 18,555,275 410,147 2,938,221 98 % Gregory A. Thaxton 18,525,877 439,545 2,938,221 98 %
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Kimball Electronics, Inc. shareholders approved Approval of the Company’s 2023 Equity Incentive Plan at the 2023-11-17 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-11-17
Exact text from the filing
The Share Owners voted to approve the Company’s 2023 Equity Incentive Plan as follows: Votes For Votes Against Votes Abstaining Broker Non-Votes Percentage of Votes Cast in Favor 9,980,685 8,926,622 58,115 2,938,221 53 %
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Kimball Electronics, Inc. shareholders approved Non-binding advisory approval of compensation paid to Named Executive Officers at the 2023-11-17 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-11-17
Exact text from the filing
The Share Owners approved, on a non-binding, advisory basis, the compensation paid to the Company’s Named Executive Officers as follows: Votes For Votes Against Votes Abstaining Broker Non-Votes Percentage of Votes Cast in Favor 18,276,855 443,100 245,467 2,938,221 98 %
View on SEC.gov
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