Business Context and Reporting Period
This Form 8-K filing by InterDigital, Inc. reports on the results of the company's 2012 annual meeting of shareholders held on June 7, 2012. The filing details the election of directors, an advisory vote on executive compensation, and the ratification of the independent auditor.
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 outcomes.
Material Changes
No material financial changes are reported in this document. The primary events are the successful election of six directors to one-year terms and the shareholder approval of executive compensation and the appointment of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2012.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It serves solely to disclose the voting results of the annual meeting.
Important Facts for Investors
- Director Election: Six directors were elected to serve until the 2013 annual meeting: Gilbert F. Amelio, Steven T. Clontz, Edward B. Kamins, John A. Kritzmacher, William J. Merritt, and Jean F. Rankin.
- Executive Compensation: Shareholders passed an advisory resolution approving the company's executive compensation with 18,469,256 votes for and 3,904,856 votes against.
- Auditor Ratification: Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm with 37,339,628 votes for and 1,442,327 votes against.
- Broker Non-Votes: There were 16,798,755 broker non-votes recorded for the director elections and the executive compensation vote.