Summary
This filing is an amendment to a previous 8-K report, specifically updating the disclosure regarding the frequency of "say on pay" votes for TransDigm Group Incorporated (TDG). The amendment clarifies the company's decision following a shareholder vote at their annual meeting. While the original filing reported that a plurality of shares voted for annual "say on pay" votes, this amendment confirms the Board of Directors' decision to hold these advisory votes annually.
Key Highlights
- 1Amendment to a prior 8-K filing dated March 7, 2011.
- 2The amendment specifically addresses Item 5.07 concerning the submission of matters to a vote of security holders.
- 3The company's Board of Directors has decided to hold non-binding advisory votes on executive compensation ('say on pay') on an annual basis.
- 4This decision was made in light of the shareholder vote at the annual meeting, where a plurality favored annual 'say on pay' votes.
- 5The company will continue to hold annual 'say on pay' votes until the next required advisory vote on the frequency of such votes.
- 6No other changes or disclosures are being made in this amendment to the original 8-K.
- 7Gregory Rufus, Executive Vice President, Chief Financial Officer and Secretary, signed the report.