Summary
This 8-K Amendment from NIKE, Inc. (NKE) filed on November 20, 2011, pertains to the outcome of an advisory vote on executive compensation held at the company's Annual Meeting. Investors are informed that the Board of Directors' recommendation for annual advisory votes on executive compensation was supported by a majority of the shares voted. Consequently, NIKE will continue to hold an annual advisory vote on executive compensation going forward.
Key Highlights
- 1NIKE, Inc. held an advisory vote on the frequency of executive compensation votes at its Annual Meeting.
- 2The company's Board of Directors recommended an annual advisory vote on executive compensation.
- 3A majority of the shares voted supported holding advisory votes on an annual basis.
- 4NIKE, Inc. has formally decided to conduct annual advisory votes on executive compensation.
- 5This decision directly addresses shareholder input regarding the frequency of executive pay consultations.