secwatch.observer — SEC 8-K summary
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Issuer:     Leonardo DRS, Inc. (DRS)
CIK:        0001833756
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001628280-24-023788
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leonardo DRS stockholders approve ESPP (2M shares) and amended equity plan at annual meeting
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- ESPP authorized up to 2M shares; purchase price 90% of FMV on purchase date; payroll deductions up to 10% of compensation.
- Amended 2022 Omnibus Equity Compensation Plan approved; allows various equity awards for employees, directors, consultants.
- All 9 director nominees elected with >236M votes each; advisory say-on-pay passed with 250.5M for vs 0.8M against.
- Ratification of Ernst & Young as independent auditor for FY2024 approved with 255.2M votes for.
- ESPP and amended plan effective May 15, 2024; no material financial terms changed beyond share reserve.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833756/000162828024023788/0001628280-24-023788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833756/000162828024023788/drs-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-023788

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