Baxter shareholders approve officer exculpation amendment and amended 2021 incentive plan

BAXTER INTERNATIONAL INC

All 11 director nominees elected; advisory say-on-pay approved with 86.5% support.
Certificate of incorporation amended to permit officer exculpation under Delaware law (88.9% for).
Amended 2021 Incentive Plan approved, authorizing equity-based awards to employees and officers.
Stockholder proposal on executive stock retention failed (28.9% for, 71.1% against).
Ratification of PricewaterhouseCoopers as independent auditor for 2024 approved.

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

BAXTER INTERNATIONAL INC: Amended and restated Certificate of Incorporation to permit officer exculpation under Delaware law (effective 2024-05-07).

Change: charter amendment
Effective: 2024-05-07

Exact text from the filing

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year As described under Item 5.07 of this Current Report on Form 8-K, at the 2024 Annual Meeting, the stockholders of the Company approved an amendment and restatement of the Company’s Certificate of Incorporation (the “Amended and Restated Certificate of Incorporation”) to permit the exculpation of certain officers of the Company to the extent permitted under Delaware law. On May 7, 2024, the Company filed the Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, with such Amended and Restated Certificate of Incorporation becoming effective immediately upon filing.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.7

BAXTER INTERNATIONAL INC shareholders approved Approval of Baxter International Inc. Amended and Restated 2021 Incentive Plan at the 2024-05-07 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2024-05-07

Exact text from the filing

on May 7, 2024, Baxter International Inc. (the “Company”) held its 2024 annual meeting of stockholders (the “2024 Annual Meeting”), at which the Company’s stockholders approved the Baxter International Inc. Amended and Restated 2021 Incentive Plan (the “Amended Plan”).

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Source: SEC EDGAR

accession 0001628280-24-022267

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