8-K
filed June 20, 2023, 7:59 PM ET
ticker WKC
CIK 0000789460
other material
confidence high
sentiment neutral
materiality 0.35
World Fuel Services changes name to World Kinect, declares $0.14 dividend, ticker to WKC
WORLD KINECT CORP
- Name change to World Kinect Corporation effective June 15, 2023; new ticker 'WKC' on NYSE from June 16.
- Quarterly dividend of $0.14 per share declared, payable July 10, 2023 to holders of record June 26, 2023.
- Shareholders approved name change (57.4M for, 0.2M against) and elected all 9 director nominees.
- Non-binding say-on-pay vote narrowly passed (27.0M for, 26.9M against), and shareholders favored annual advisory frequency.
- Ratification of PwC as independent auditor for FY2023 (55.9M for, 1.7M against).
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
WORLD KINECT CORP: Company amended Articles of Incorporation to change name to World Kinect Corporation, effective June 15, 2023 (effective 2023-06-15).
- Change
- charter amendment
- Effective
- 2023-06-15
Exact text from the filing
At the 2023 Annual Meeting, the Company’s shareholders voted in favor of an amendment to the Company’s Articles of Incorporation, as amended (the "Name Change Amendment") changing the Company’s name to World Kinect Corporation (the "Name Change"). The Name Change Amendment was filed with the Secretary of State of the State of Florida, and was effective on June 15, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
WORLD KINECT CORP shareholders approved Election of Directors.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
Proposal 2: Election of Directors The shareholders elected each of the Company’s nominees for director for a term expiring on the date of the 2024 Annual Meeting of Shareholders or until their successors are duly elected and qualified. Nominee Votes For Votes Withheld Broker Non-Votes Michael J. Kasbar 51,765,076 3,089,760 2,751,027 Ken Bakshi 44,959,688 9,895,148 2,751,027 Jorge L. Benitez 52,776,729 2,078,107 2,751,027 Sharda Cherwoo 53,731,511 1,123,325 2,751,027 Richard A. Kassar 33,336,373 21,518,463 2,751,027 John L. Manley 52,469,455 2,385,381 2,751,027 Stephen K. Roddenberry 34,394,619 20,460,217 2,751,027 Jill B. Smart 52,041,068 2,813,768 2,751,027 Paul H. Stebbins 52,601,620 2,253,216 2,751,027
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
WORLD KINECT CORP shareholders approved Ratification of Appointment of Independent Registered Certified Public Accounting Firm (PricewaterhouseCoopers LLP).
- Proposal
- auditor ratification
- Outcome
- passed
Exact text from the filing
Proposal 5—Ratification of Appointment of Independent Registered Certified Public Accounting Firm The shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year. Votes For Votes Against Abstentions 55,869,258 1,686,348 50,257
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
WORLD KINECT CORP shareholders approved Amendment to the Company’s Articles of Incorporation (Name Change Amendment).
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
Proposal 1: Amendment to the Company’s Articles of Incorporation As described above, the shareholders approved the Name Change Amendment. Votes For Votes Against Abstentions 57,416,326 170,888 18,649
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
WORLD KINECT CORP shareholders approved Non-Binding, Advisory Vote on Executive Compensation.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
Proposal 3: Non-Binding, Advisory Vote on Executive Compensation The shareholders approved, by a non-binding, advisory vote, the compensation of the Company’s named executive officers. Votes For Votes Against Abstentions Broker Non-Votes 27,044,346 26,945,124 865,366 2,751,027
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
WORLD KINECT CORP shareholders approved Non-Binding, Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation.
- Proposal
- say on pay frequency
- Outcome
- passed
Exact text from the filing
Proposal 4: Non-Binding, Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation The shareholders voted in favor of a frequency of every one year for future advisory votes to approve the compensation of the Company’s named executive officers. One Year Two Years Three Years Abstentions 49,035,142 14,344 5,740,903 64,447
View on SEC.gov
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