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AI English summary of an SEC filing — figures as filed

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The company said stockholders at its April 17, 2024 Annual Meeting approved an amended Adobe Inc. 2019 Equity Incentive Plan, increasing the available share reserve by 5 million shares. It said the amendment had previously been approved by the Executive Compensation Committee, subject to stockholder approval.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said stockholders at its April 17, 2024 Annual Meeting approved an amended Adobe Inc. 2019 Equity Incentive Plan, increasing the available share reserve by 5 million shares. It said the amendment had previously been approved by the Executive Compensation Committee, subject to stockholder approval.

  2. Adobe said the vote on the proposal to increase the available share reserve under the 2019 Plan by 5 million shares was 335,547,478 votes for, 15,057,959 against, 630,891 abstentions and 41,212,582 broker non-votes.

  3. The company said stockholders approved the election of 12 board members to serve 1-year terms and the appointment of KPMG LLP as independent auditor for the fiscal year ending November 29, 2024. The KPMG LLP proposal received 363,835,110 votes for and 27,982,914 against.

  4. Adobe said a stockholder proposal on a mandatory director resignation policy failed, with 71,382,619 votes for and 277,939,473 against. It also said a stockholder proposal on a report on hiring of persons with arrest or incarceration records failed, with 47,817,273 votes for and 295,597,245 against.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Stockholders Approve 5 million Share Increase to 2019 Equity Incentive Plan

The company said stockholders at its April 17, 2024 Annual Meeting approved an amended Adobe Inc. 2019 Equity Incentive Plan, increasing the available share reserve by 5 million shares. It said the amendment had previously been approved by the Executive Compensation Committee, subject to stockholder approval.

Source · Based on the filing body and exhibits

2019 Plan Share Increase Vote Results

Adobe said the vote on the proposal to increase the available share reserve under the 2019 Plan by 5 million shares was 335,547,478 votes for, 15,057,959 against, 630,891 abstentions and 41,212,582 broker non-votes.

Source · Based on the filing body and exhibits

Stockholders Elect 12 Directors and Approve KPMG LLP as Auditor

The company said stockholders approved the election of 12 board members to serve 1-year terms and the appointment of KPMG LLP as independent auditor for the fiscal year ending November 29, 2024. The KPMG LLP proposal received 363,835,110 votes for and 27,982,914 against.

Source · Based on the filing body and exhibits

2 Stockholder Proposals Fail

Adobe said a stockholder proposal on a mandatory director resignation policy failed, with 71,382,619 votes for and 277,939,473 against. It also said a stockholder proposal on a report on hiring of persons with arrest or incarceration records failed, with 47,817,273 votes for and 295,597,245 against.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.