SEC Filing Summary: TD SYNNEX CORP (Form 8-K)
Business Context and Reporting Period
This Form 8-K Current Report, dated March 22, 2016, documents the results of SYNNEX Corporation's Annual Meeting of Stockholders held on that date. The filing details the voting outcomes for director elections, executive compensation, management incentive plans, and the ratification of independent auditors.
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 rather than financial performance data.
Material Changes and Voting Results
The following proposals were submitted to a vote of security holders:
- Proposal 1 (Election of Directors): Ten directors were elected to serve until the 2017 Annual Meeting. All nominees received significant majority support, with "For" votes ranging from approximately 33.6 million to 36.5 million. Broker non-votes totaled 1,469,693 for all candidates.
- Proposal 2 (Executive Compensation): The advisory vote to approve executive compensation passed with 36,389,142 votes "For," 127,242 "Against," and 4,019 "Abstain."
- Proposal 3 (Management Incentive Plan): The proposal to approve the 2016 Management Incentive Plan passed with 36,376,084 votes "For," 140,695 "Against," and 3,624 "Abstain."
- Proposal 4 (Audit Firm Ratification): The selection of KPMG LLP as the independent registered public accountant was ratified with 37,924,966 votes "For," 9,239 "Against," and 55,891 "Abstain."
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management commentary on outlook, specific risks, contingencies, or unusual items. The document is limited to reporting the historical voting results of the March 22, 2016 meeting.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to contextualize the voting percentages.
- Confirm the specific terms of the 2016 Management Incentive Plan approved in Proposal 3.
- Review the full proxy statement for detailed biographies of the elected directors and the specific compensation metrics approved in Proposal 2.
- Note that KPMG LLP was ratified as the independent auditor for the fiscal year.