Fabrinet 8-K Filing Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated December 9, 2021, details the results of Fabrinet's 2021 Annual Meeting of Shareholders. The meeting was held on December 9, 2021, with approximately 93.4% of total shares entitled to vote present in person or by proxy.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The filing reports the outcomes of three shareholder proposals:
- Proposal 1: Election of Directors
- Dr. Frank H. Levinson: Elected with 31,250,453 votes for (approx. 89.9% of votes cast).
- David T. Mitchell: Elected with 25,502,559 votes for (approx. 75.6% of votes cast).
- Proposal 2: Ratification of Independent Auditors
- PricewaterhouseCoopers ABAS Ltd. was ratified for the fiscal year ending June 24, 2022.
- Votes For: 33,459,115; Votes Against: 1,127,403.
- Proposal 3: Advisory Approval of Executive Compensation
- Shareholders approved the compensation of named executive officers.
- Votes For: 33,367,883; Votes Against: 340,076.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Shareholder participation was high at 93.4% of entitled shares.
- Both Class III director nominees were successfully elected, though David T. Mitchell received a lower percentage of "For" votes compared to Dr. Frank H. Levinson.
- The appointment of PricewaterhouseCoopers ABAS Ltd. as the independent auditor was ratified for the upcoming fiscal year.
- Executive compensation received strong advisory approval with over 99% of votes cast in favor.