01—Abstract
Summary
Summary of the 8-K filed May 14, 2024. Cited figures are marked; the original filing is the authoritative source.
At Stryker Corp.'s Annual Meeting of Shareholders held on May 9, 2024, shareholders elected all ten directors to serve until the next Annual Meeting and until their successors are duly elected and qualified.
Each director received more For votes than Against votes, with Rachel Ruggeri receiving 304,909,652 For and 428,014 Against and Kevin A. Lobo receiving 291,946,719 For and 12,953,199 Against. Shareholders also ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2024, with 306,622,353 votes For and 25,829,393 Against.
Shareholders approved, on an advisory basis, the compensation of the named executive officers, with 277,838,598 votes For, 27,264,023 Against and 627,454 Abstain, plus 27,028,775 broker non-votes. The shareholder proposal related to transparency in political spending was not approved, receiving 113,859,053 For and 190,289,960 Against, with 1,581,062 Abstain and 27,028,775 broker non-votes. The filing is limited to the results of these four matters submitted to a shareholder vote at the annual meeting under Item 5.07, and it reports no other corporate actions.
02—Key points
Key Highlights
- All ten director nominees were elected, including Mary K. Brainerd, Giovanni Caforio, M.D., Allan C. Golston, Kevin A. Lobo, Sherilyn S. McCoy, Rachel Ruggeri, Andrew K. Silvernail, Lisa M. Skeete Tatum, Ronda E. Stryker and Rajeev Suri.
- Ernst & Young LLP was ratified as the independent registered public accounting firm for 2024, with 306,622,353 votes For and 25,829,393 Against.
- The advisory vote on named executive officer compensation was approved, with 277,838,598 votes For and 27,264,023 Against.
- The shareholder proposal on transparency in political spending was not approved, with 113,859,053 votes For and 190,289,960 Against.
- Kevin A. Lobo received the most Against votes among directors, at 12,953,199, while Rachel Ruggeri received the fewest, at 428,014.
- Broker non-votes were 27,028,775 for each director election and for the compensation and political spending proposals.
03—Questions
Frequently Asked Questions
When and where was the shareholder vote held?
The votes were taken at the Company's Annual Meeting of Shareholders held on May 9, 2024.
Who was elected to the board?
All ten directors were elected to serve until the next Annual Meeting of Shareholders and until their successors are duly elected and qualified: Mary K. Brainerd, Giovanni Caforio, M.D., Allan C. Golston, Kevin A. Lobo, Sherilyn S. McCoy, Rachel Ruggeri, Andrew K. Silvernail, Lisa M. Skeete Tatum, Ronda E. Stryker and Rajeev Suri.
Did shareholders approve the company's executive pay?
Yes. The advisory vote on the resolution relating to compensation of the named executive officers was approved, with 277,838,598 votes For, 27,264,023 Against and 627,454 Abstain.
Which auditor was approved for 2024?
Shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2024, with 306,622,353 votes For, 25,829,393 Against and 307,104 Abstain.
Was the shareholder proposal on political spending approved?
No. The shareholder proposal related to transparency in political spending was not approved, with 113,859,053 votes For, 190,289,960 Against and 1,581,062 Abstain.
04—Continue