Summary
Becton, Dickinson and Company (BDX) filed an 8-K report on January 29, 2013, detailing key corporate governance and shareholder matters from their Annual Meeting held on January 29, 2013. A significant development was the election of Catherine M. Burzik to the Board of Directors and her subsequent appointment to the Audit Committee and the Science, Investment and Technology Committee. This addition to the board brings new expertise and oversight to the company's operations and strategic direction. Furthermore, shareholders approved amendments to the 2004 Employee and Director Equity-Based Incentive Plan. These amendments include an increase in the number of shares available for awards by 7,000,000 and an extension of the plan's term to January 29, 2023. This move signals the company's intent to continue utilizing equity-based compensation to incentivize and retain key personnel and directors. The report also confirms the election of all director nominees, the ratification of Ernst & Young as the independent auditor, and advisory approval of executive compensation.
Key Highlights
- 1Catherine M. Burzik elected to the Board of Directors and appointed to the Audit and Science, Investment and Technology Committees.
- 2Shareholders approved amendments to the 2004 Employee and Director Equity-Based Incentive Plan, increasing available shares by 7,000,000 and extending the plan's term to January 29, 2023.
- 3All director nominees were elected by shareholders.
- 4Ernst & Young was ratified as the independent registered public accounting firm for fiscal year 2013.
- 5Shareholders provided advisory approval of the compensation of named executive officers.
- 6An amendment to BD's Restated Certificate of Incorporation was approved by shareholders.