Business Context and Reporting Period
This Form 8-K filing by Applied Materials, Inc. reports on the results of the Annual Meeting of Shareholders held on March 7, 2019. The filing details the voting outcomes for four specific proposals submitted to security holders.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a report on corporate governance voting results.
Material Changes and Voting Results
The following outcomes were reported for the four proposals:
- Proposal 1 (Election of Directors): All ten nominees were elected to serve one-year terms. Voting results showed strong support, with "For" votes ranging from approximately 653 million to 674 million per nominee. Broker non-votes totaled 144,077,160 for each nominee.
- Proposal 2 (Executive Compensation): The advisory approval of Named Executive Officer compensation for Fiscal Year 2018 was approved. Votes cast were 648,927,098 For, 25,949,258 Against, and 1,644,947 Abstain.
- Proposal 3 (Auditor Ratification): The appointment of KPMG LLP as the independent registered public accounting firm for Fiscal Year 2019 was ratified. Votes cast were 804,612,345 For, 13,760,344 Against, and 2,225,774 Abstain.
- Proposal 4 (Shareholder Proposal): A shareholder proposal to provide for the right to act by written consent was not approved. Votes cast were 336,867,494 For, 334,357,678 Against, and 5,296,131 Abstain. Under Delaware law, abstentions counted as votes entitled to vote, effectively acting as "Against" votes.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risks, contingencies, or unusual items. The document is limited to the disclosure of voting tallies.
Important Facts for Investors to Verify
- Confirmation that all ten director nominees successfully secured election.
- Verification that the shareholder proposal regarding written consent failed to achieve the required majority under Delaware law.
- Confirmation that KPMG LLP remains the independent auditor for the 2019 fiscal year.
- Review of the Proxy Statement for detailed executive compensation figures referenced in Proposal 2.