Kontoor Brands, Inc. current report, 20 April 2021

Kontoor Brands, Inc. Form 8-K Summary

Business context and reporting period

Kontoor Brands, Inc. filed a Form 8-K dated April 20, 2021, reporting the results of its 2021 Annual Meeting of Shareholders held on that date. The company’s common stock trades on the New York Stock Exchange under the symbol KTB.

Meeting results

ProposalResultVoting details
Election of Kathleen Barclay, Class II directorApproved39,453,475 for; 7,415,581 withheld; 5,489,502 broker non-votes
Election of Robert Lynch, Class II directorApproved46,537,691 for; 331,365 withheld; 5,489,502 broker non-votes
Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending January 1, 2022Approved52,157,010 for; 130,377 against; 71,170 abstentions
Advisory approval of named executive officer compensationApproved45,268,846 for; 1,504,942 against; 95,268 abstentions; 5,489,502 broker non-votes

Financial metrics and material changes

This filing does not report revenue, profit, cash flow, margins, debt, liquidity, or other operating and financial metrics. It also does not disclose a material change versus a prior comparable period.

Guidance, outlook, risks, and unusual items

The filing contains no new financial guidance, operating outlook, management commentary, contingencies, or unusual items. It confirms that PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending January 1, 2022.

Important facts to verify

  • Verify the final election status and term ending at the Company’s 2023 annual meeting for both Class II directors.
  • Confirm the fiscal-year end of January 1, 2022, for the ratified audit engagement.
  • Review subsequent filings for financial results, guidance, liquidity, debt, or other operating disclosures not included in this Form 8-K.