8-K/AShareholder Matters

TE Connectivity plc 8-K/A Report, Shareholder Vote Results (Jun 10, 2011)

Filed June 10, 2011For Securities:TEL

Summary

TE Connectivity Ltd. (TEL) filed an Amendment No. 1 to its Current Report on Form 8-K on June 10, 2011, to update information regarding the submission of matters to a vote of its security holders. The primary purpose of this amendment is to disclose the Board of Directors' decision on the frequency of advisory non-binding votes on executive compensation. Following the Annual General Meeting of Shareholders held on March 9, 2011, and based on the voting results of the related agenda item, the Board has determined that the company will conduct an advisory vote on the compensation of its named executive officers on an annual basis. This decision will remain in effect until the next mandated vote on the frequency of such advisory votes, which is required every six years.

Key Highlights

  • 1Amendment to a previous 8-K filing, dated March 9, 2011.
  • 2The filing concerns the submission of matters to a vote of security holders.
  • 3TE Connectivity's Board of Directors has decided on the frequency of advisory shareholder votes on executive compensation.
  • 4Shareholders will hold an advisory non-binding vote on executive compensation annually.
  • 5This annual advisory vote will continue until the next required frequency vote, which is every six years.
  • 6The decision was made based on the voting results from the Annual General Meeting of Shareholders on March 9, 2011.

Frequently Asked Questions

The main purpose of this Amendment No. 1 to the Form 8-K is to officially disclose the decision made by TE Connectivity Ltd.'s Board of Directors regarding the frequency of advisory votes on executive compensation, following the Annual General Meeting of Shareholders on March 9, 2011.

Following the Board's decision, shareholders will have an advisory, non-binding vote on the compensation of the company's named executive officers on an annual basis.

TE Connectivity is required to hold another vote to determine the frequency of advisory executive compensation votes every six years. The current decision is in effect until that next required vote.

Yes, the Board's decision on the annual frequency of the advisory vote on executive compensation was based on the voting results of the related agenda item at the Company's Annual General Meeting of Shareholders held on March 9, 2011.