Business Context and Reporting Period
This Form 8-K reports on the results of the 2024 Annual Meeting of Shareholders held by Spectrum Brands Holdings, Inc. on August 6, 2024. The filing details the voting outcomes for director elections, auditor ratification, and executive compensation.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
A total of 24,894,557 shares were present, representing 88.82% of outstanding common stock. All three proposals were approved by shareholders.
Proposal 1: Election of Directors
Seven directors were elected for one-year terms. Approval percentages ranged from 96.13% to 99.77%:
- Leslie L. Campbell: 99.77%
- Joan Chow: 99.77%
- Gautam Patel: 99.05%
- Hugh R. Rovit: 97.67%
- David M. Maura: 97.64%
- Terry L. Polistana: 96.62%
- Sherianne James: 96.13%
Proposal 2: Ratification of Independent Auditor
Shareholders ratified the appointment of KPMG LLP for the fiscal year ending September 30, 2024, with 99.40% approval.
Proposal 3: Executive Compensation
Shareholders approved the advisory vote on named executive officer compensation with 97.18% approval.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the record date for the Annual Meeting was June 17, 2024.
- Confirm the total number of shares present was 24,894,557 (88.82% participation).
- Note that KPMG LLP was ratified as the independent auditor for the fiscal year ending September 30, 2024.
- Review the specific vote counts for directors with lower approval rates (Sherianne James at 96.13% and Terry L. Polistana at 96.62%) to understand the "Against" vote distribution.