8-KShareholder MattersExhibits & Filings

Motorola Solutions, Inc. 8-K Report, Shareholder Vote Results (May 19, 2023)

Filed May 19, 2023For Securities:MSI

Summary

Motorola Solutions, Inc. (MSI) filed an 8-K on May 18, 2023, detailing the results of its 2023 Annual Meeting of Shareholders held on May 15, 2023. The filing confirms strong shareholder support for the company's slate of director nominees and the ratification of PricewaterhouseCoopers LLP as the independent auditor for 2023. Additionally, shareholders approved, on an advisory basis, the company's executive compensation and overwhelmingly supported holding this advisory vote on an annual basis. These results indicate shareholder confidence in the current board's leadership and the company's financial oversight. The overwhelming ratification of the auditor and the advisory approval of executive compensation suggest alignment between management and shareholders on key governance matters. Investors can view these outcomes as positive signals regarding corporate governance and stability.

Key Highlights

  • 1All director nominees were elected by a significant majority of shareholder votes.
  • 2PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for 2023 with strong support.
  • 3Shareholders approved, on an advisory (non-binding) basis, the company's executive compensation.
  • 4An overwhelming majority of shareholders voted in favor of holding an annual advisory vote on executive compensation.
  • 5The company's Board of Directors will continue to hold annual advisory votes on executive compensation based on shareholder preference.

Frequently Asked Questions

The main outcomes were the election of all director nominees, the ratification of PricewaterhouseCoopers LLP as the independent auditor, and the advisory approval of executive compensation and the frequency of such votes (annually).

All director nominees received substantial 'For' votes, ranging from approximately 85 million to over 137 million votes, significantly outweighing the 'Against' votes for each nominee. Broker non-votes were present for all director elections.

Yes, shareholders approved the company's executive compensation on an advisory (non-binding) basis with a substantial majority of 'For' votes (over 130 million).

Based on the strong shareholder support, the advisory vote on executive compensation will be held on an annual basis. Over 136 million votes were cast in favor of an annual vote.