Summary
Vertiv Holdings Co (VRT) filed an 8-K/A amendment on August 26, 2021, to clarify the outcome of a shareholder vote from their 2021 Annual Meeting. The primary purpose of this filing is to disclose the Board of Directors' decision regarding the frequency of future "say-on-pay" advisory votes. This amendment does not alter any other information previously reported in the original 8-K filing dated June 15, 2021. The key information investors should note is the Board's determination to hold future non-binding advisory votes on executive compensation (say-on-pay) on an annual basis. This decision aligns with the recommendation of the Board and the majority vote cast by the Company's stockholders. The annual frequency will continue until the next required vote on this matter is presented.
Key Highlights
- 1Vertiv Holdings Co filed an 8-K/A amendment to disclose board determination on say-on-pay vote frequency.
- 2The filing's sole purpose is to address Item 5.07(d) of Form 8-K regarding shareholder vote outcomes.
- 3Shareholders voted in favor of holding future say-on-pay votes on an annual basis.
- 4The Board of Directors has accepted the shareholder vote and will continue annual say-on-pay votes.
- 5This annual frequency will persist until the next required shareholder vote on the matter.
- 6The filing does not modify or update any other disclosures from the original 8-K filed on June 15, 2021.