Summary
This 8-K/A filing from Boeing Co. (BA) serves as an amendment to a previous report, providing an update on the outcome of a non-binding advisory vote regarding "Say-on-Pay" resolutions at the company's 2023 Annual Meeting of Shareholders. The filing confirms that a majority of voting shareholders expressed a preference for annual "Say-on-Pay" votes, aligning with the Board of Directors' recommendation. Consequently, Boeing will continue to hold these advisory votes on executive compensation annually.
Key Highlights
- 1Boeing Co. (BA) filed an 8-K/A amendment on September 21, 2023.
- 2The filing addresses the outcome of a "Say-on-Pay" frequency vote from the 2023 Annual Meeting of Shareholders.
- 3A majority of shareholders who voted indicated a preference for "Say-on-Pay" votes to be held annually.
- 4Boeing's Board of Directors recommended annual "Say-on-Pay" votes.
- 5Boeing will continue to hold advisory votes on named executive officer compensation on an annual basis.
- 6The next required advisory vote on the frequency of "Say-on-Pay" votes will be no later than the 2029 Annual Meeting of Shareholders.
Frequently Asked Questions
A "Say-on-Pay" vote is a non-binding shareholder advisory vote on the compensation of the company's named executive officers. It allows shareholders to express their opinion on the executive compensation packages.
The majority of shareholders who voted at Boeing's 2023 Annual Meeting of Shareholders indicated a preference for "Say-on-Pay" votes to be held every year.
Yes, consistent with the shareholder vote and the Board of Directors' recommendation, Boeing will continue to hold advisory votes on named executive officer compensation on an annual basis.
The company is required to hold another advisory vote on the frequency of "Say-on-Pay" votes no later than its 2029 Annual Meeting of Shareholders.