01—Abstract
Summary
Summary of the 8-K filed October 30, 2019. Cited figures are marked; the original filing is the authoritative source.
L3Harris Technologies, Inc. (LHX) filed this 8-K report on October 30, 2019, to disclose the voting results from its 2019 Annual Meeting of Shareholders held on October 25, 2019.
A substantial majority of outstanding shares, approximately 92%a, were represented at the meeting, indicating strong shareholder engagement. The report details the outcomes of three key proposals voted upon by shareholders. All proposals presented to shareholders were passed with overwhelming support, consistent with the Board of Directors' recommendations.
This includes the election of twelve directors, an advisory vote to approve executive compensation, and the ratification of the appointment of Ernst & Young LLP as the independent registered public accounting firm. The strong shareholder approval across these critical areas suggests confidence in the current board, executive compensation structure, and financial oversight.
02—Key points
Key Highlights
- Over 92% of outstanding shares were represented at the 2019 Annual Meeting of Shareholders, demonstrating high shareholder participation.
- All twelve director nominees presented were elected by shareholders, with strong 'For' votes for each nominee.
- Shareholders provided a non-binding advisory approval for the compensation of the company's named executive officers with a significant majority voting 'For'.
- The appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal transition period ending January 3, 2020, was ratified by shareholders.
- The voting results for all three proposals were consistent with the recommendations of the L3Harris Board of Directors.
- The high level of support across all proposals indicates shareholder confidence in the company's leadership and governance.
03—Questions
Frequently Asked Questions
What were the main outcomes of the L3Harris 2019 Annual Shareholder Meeting?
The 2019 Annual Shareholder Meeting saw the election of all twelve director nominees, a non-binding approval of executive compensation, and the ratification of Ernst & Young LLP as the independent auditor. All proposals received substantial shareholder support, aligning with the Board of Directors' recommendations.
How many shareholders participated in the vote?
A total of 205,308,255 shares, representing approximately 92% of the issued and outstanding shares entitled to vote, were represented at the meeting. This indicates a very high level of shareholder engagement.
Was the executive compensation plan approved by shareholders?
Yes, shareholders voted to approve the compensation of the company's named executive officers on a non-binding, advisory basis. The vote was strongly in favor, with 174,763,327 shares voting 'For' the proposal.
Who is L3Harris's independent auditor and was their appointment ratified?
Ernst & Young LLP was ratified by shareholders as L3Harris's independent registered public accounting firm for the fiscal transition period ending January 3, 2020. The ratification received overwhelming support from shareholders.
04—Continue