Summary
This 8-K filing from TE Connectivity plc reports on the outcomes of its Annual General Meeting (AGM) held on March 9, 2022. A key governance change noted is the departure of director Daniel J. Phelan due to reaching the board's retirement age and the prior announced retirement of Pierre R. Brondeau, neither of whom were renominated. The meeting saw overwhelming shareholder support for the election of all twelve director nominees, the approval of the 2021 Annual Report and financial statements, the reappointment of independent registered public accounting firms, and significant executive and board compensation packages. Shareholder approval was also granted for a dividend payment and a share repurchase program.
Key Highlights
- 1Daniel J. Phelan retired from the Board of Directors due to age, and Pierre R. Brondeau also retired.
- 2All twelve director nominees were overwhelmingly elected by shareholders.
- 3Thomas J. Lynch was elected as Chairman of the Board with strong shareholder support.
- 4Shareholders approved the company's 2021 Annual Report and financial statements.
- 5Deloitte & Touche LLP was re-elected as the independent registered public accounting firm for fiscal year 2022.
- 6Shareholders approved a dividend payment of $2.24 per share and an authorization for a Share Repurchase Program.
- 7The proposal for the renewal of authorized capital (Agenda Item 14) was not approved by shareholders.