8-KLeadership ChangesShareholder Matters

Cencora, Inc. 8-K Report, Executive Changes (Mar 5, 2019)

Filed March 5, 2019For Securities:COR

Summary

Cencora, Inc. (COR) filed an 8-K on March 4, 2019, reporting on its 2019 Annual Meeting of Stockholders held on February 28, 2019. The meeting's primary outcomes included the re-election of all director nominees, the ratification of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2019, and the approval of executive compensation. Additionally, the filing disclosed the retirement of director Douglas R. Conant, effective February 28, 2019. Investors should note that two stockholder proposals, one concerning action by written consent and another regarding the exclusion of legal or compliance costs from executive incentive compensation metrics, were not approved by the stockholders. The overwhelming approval for director elections and executive compensation suggests continued confidence in the company's leadership and compensation structure.

Key Highlights

  • 1Douglas R. Conant retired from the Board of Directors on February 28, 2019.
  • 2All director nominees presented at the 2019 Annual Meeting were elected by stockholders.
  • 3Ernst & Young LLP was ratified as the independent registered public accounting firm for Fiscal Year 2019.
  • 4Stockholders approved the advisory vote on the compensation of the Company's Named Executive Officers.
  • 5A stockholder proposal to permit action by written consent of the stockholders did not pass.
  • 6A stockholder proposal to exclude legal or compliance costs from executive incentive compensation metrics did not pass.

Frequently Asked Questions

The key outcomes included the election of all director nominees, the ratification of Ernst & Young LLP as the independent auditor for FY2019, and the approval of executive compensation. Two stockholder proposals, one regarding action by written consent and another on executive compensation metrics related to legal costs, were not approved.

Yes, Director Douglas R. Conant retired from the Board of Directors on February 28, 2019.

Stockholders overwhelmingly ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for Fiscal Year 2019, with over 193 million 'For' votes.

The advisory vote to approve the compensation of the Company's Named Executive Officers was approved by stockholders, indicating general satisfaction with the executive pay structure.