---
schema_version: "secwatch.filing_event.v1"
accession: "0001606757-23-000067"
form_type: "8-K"
ticker: "KE"
cik: "0001606757"
company_name: "Kimball Electronics, Inc."
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:41:38.221696+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Kimball Electronics shareholders approve 2023 Equity Incentive Plan (2M shares); re-elect directors

## Summary
- 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).

## SEC filing metadata
- accession: 0001606757-23-000067
- form_type: 8-K
- ticker: KE
- cik: 0001606757
- company_name: Kimball Electronics, Inc.
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606757/000160675723000067/0001606757-23-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606757/000160675723000067/ke-20231117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606757-23-000067
- JSON: https://secwatch.observer/filing/0001606757-23-000067.json
- Plain text: https://secwatch.observer/filing/0001606757-23-000067.txt

## Key facts
- Shareholder Votes
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606757/000160675723000067/0001606757-23-000067-index.htm
- Shareholder Votes
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606757/000160675723000067/0001606757-23-000067-index.htm
- Shareholder Votes
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606757/000160675723000067/0001606757-23-000067-index.htm
- Shareholder Votes
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606757/000160675723000067/0001606757-23-000067-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.