8-K
filed April 19, 2024, 7:59 PM ET
ticker KTB
CIK 0001760965
dividend
confidence high
sentiment positive
materiality 0.60
Kontoor Brands declares $0.50 quarterly dividend; shareholders approve supermajority voting repeal
Kontoor Brands, Inc.
- Quarterly cash dividend of $0.50 per share, payable June 20, 2024 to holders of record June 10, 2024.
- Shareholders approved amendments to Articles of Incorporation to replace all supermajority voting standards with majority voting.
- All eight director nominees elected; ratification of PwC as auditor approved; say-on-pay passed with ~94% for votes.
- Dividend remains at prior quarterly rate; no change indicated from previous $0.50 per share.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Kontoor Brands, Inc. shareholders approved Amendments to the Articles of Incorporation to replace all supermajority voting standards with majority voting standards at the 2024-04-18 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-04-18
Exact text from the filing
Proposal 2. The shareholders approved amendments to the Company's Articles of Incorporation to replace all supermajority voting standards with majority voting standards. For Against Abstentions Broker Non-Votes 46,383,081 202,166 93,712 5,583,562
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Kontoor Brands, Inc. shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 28, 2024 at the 2024-04-18 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-04-18
Exact text from the filing
Proposal 3 . The shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 28, 2024. For Against Abstentions Broker Non-Votes 52,018,114 140,241 104,166 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Kontoor Brands, Inc. shareholders approved Election of eight directors to each serve a one-year term expiring at the 2025 Annual Meeting at the 2024-04-18 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-04-18
Exact text from the filing
Proposal 1 . The shareholders elected eight directors to each serve a one-year term expiring at the Company's Annual Meeting of Shareholders to be held in 2025 and until their respective successors are duly elected and qualified. Name of Nominee For Against Abstentions Broker Non-Votes Scott H. Baxter 45,968,068 606,437 104,454 5,583,562 Mary Campbell 46,491,506 99,343 88,110 5,583,562 Ashley D. Goldsmith 45,804,179 786,195 88,585 5,583,562 Robert M. Lynch 46,460,671 128,826 89,462 5,583,562 Andrew E. Page 46,457,920 134,814 86,225 5,583,562 Mark L. Schiller 45,630,046 961,926 86,987 5,583,562 Robert K. Shearer 46,310,825 285,546 82,588 5,583,562 Shelley Stewart, Jr. 44,534,401 2,058,549 86,009 5,583,562
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Kontoor Brands, Inc. shareholders approved Non-binding advisory vote to approve the compensation of the Company's named executive officers as disclosed in the 2024 Proxy Statement at the 2024-04-18 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-04-18
Exact text from the filing
Proposal 4 . The shareholders approved the compensation of the Company’s named executive officers as disclosed in the 2024 Proxy Statement on a non-binding advisory basis. For Against Abstentions Broker Non-Votes 44,352,382 2,156,306 170,271 5,583,562
View on SEC.gov
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