Kontoor Brands declares $0.48 quarterly dividend; shareholders reelect all directors with notable against votes

Kontoor Brands, Inc.

Bylaw amended to eliminate director age limit effective April 20, 2023.
All seven director nominees elected; Shelley Stewart Jr. received 25.0M for, 19.8M against (44% against).
Shareholders ratified PwC as auditor (50.9M for, 172K against) and approved say-on-pay (43.3M for, 1.5M against).
Quarterly dividend of $0.48 per share declared, payable June 20 to holders of record June 9.

item 5.03 item 5.07 item 8.01 item 9.01

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

Kontoor Brands, Inc.: Eliminated the director age limit from the Bylaws (effective 2023-04-20).

Change: bylaw amendment
Effective: 2023-04-20

Exact text from the filing

On April 20, 2023, the Board of Directors of Kontoor Brands, Inc. (the "Company") amended Section 2 of Article II of the Bylaws of the Company to eliminate the director age limit.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Kontoor Brands, Inc. shareholders approved Election of seven directors to serve one-year terms at the 2023-04-20 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-04-20

Exact text from the filing

Proposal 1 . The shareholders elected seven directors to each serve a one-year term expiring at the Company's Annual Meeting of Shareholders to be held in 2024 and until their respective successors are duly elected and qualified. Name of Nominee For Against Abstentions Broker Non-Votes Scott H. Baxter 43,929,853 863,248 73,539 6,273,922 Ashley D. Goldsmith 43,347,443 1,452,256 66,941 6,273,922 Robert M. Lynch 44,292,865 512,522 61,253 6,273,922 Andrew E. Page 44,396,767 399,090 70,783 6,273,922 Mark L. Schiller 44,313,031 487,484 66,125 6,273,922 Robert K. Shearer 44,113,194 688,361 65,085 6,273,922 Shelley Stewart, Jr. 25,005,574 19,797,150 63,916 6,273,922

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Kontoor Brands, Inc. shareholders approved Non-binding advisory vote to approve compensation of named executive officers as disclosed in 2023 Proxy Statement at the 2023-04-20 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-04-20

Exact text from the filing

Proposal 3 . The shareholders approved the compensation of the Company’s named executive officers as disclosed in the 2023 Proxy Statement on a non-binding advisory basis. For Against Abstentions Broker Non-Votes 43,274,316 1,487,514 104,810 6,273,922

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Kontoor Brands, Inc. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 30, 2023 at the 2023-04-20 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-04-20

Exact text from the filing

Proposal 2 . The shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 30, 2023. For Against Abstentions Broker Non-Votes 50,866,567 172,727 101,268 0

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Kontoor Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001760965-23-000009

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