AI English summary of an SEC filing — figures as filed
Henry Schein HSICHenry Schein said stockholders approved, at the Annual Meeting on May 21, 2024, an amendment and restatement of the 2020 Stock Incentive Plan, which was renamed the 2024 Stock Incentive Plan. The share reserve was increased by 4,800,000 shares, for a maximum total of 75,742,657 shares.
Key points
AI summaryHenry Schein said stockholders approved, at the Annual Meeting on May 21, 2024, an amendment and restatement of the 2020 Stock Incentive Plan, which was renamed the 2024 Stock Incentive Plan. The share reserve was increased by 4,800,000 shares, for a maximum total of 75,742,657 shares.
The company said it increased the annual individual participant limit under the 2024 Stock Incentive Plan to a maximum of 750,000 shares per 1 participant, and extended the plan term from March 31, 2030, when the 2020 Stock Incentive Plan was scheduled to expire, to March 31, 2034.
The company reported that shareholders approved the election of 13 directors, the 2024 Stock Incentive Plan proposal (103,389,108 votes for and 12,007,164 against), and the non-binding 2023 executive pay say-on-pay proposal (101,447,636 votes for).
Henry Schein said awards under the 2024 Stock Incentive Plan are subject to its Incentive Compensation Recoupment Policy, effective February 1, 2016, and its Dodd-Frank Clawback Policy, effective December 1, 2023. The company also said shareholders approved BDO USA, P.C. as its independent registered public accounting firm for the fiscal year ending December 28, 2024.
Summary
AI-writtenAnalysis 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.
2024 Stock Incentive Plan Approved and Share Reserve Increased
Henry Schein said stockholders approved, at the Annual Meeting on May 21, 2024, an amendment and restatement of the 2020 Stock Incentive Plan, which was renamed the 2024 Stock Incentive Plan. The share reserve was increased by 4,800,000 shares, for a maximum total of 75,742,657 shares.
Source · Based on the filing body and exhibits
Individual Limit of 750,000 Shares and Plan Term Extended to 2034
The company said it increased the annual individual participant limit under the 2024 Stock Incentive Plan to a maximum of 750,000 shares per 1 participant, and extended the plan term from March 31, 2030, when the 2020 Stock Incentive Plan was scheduled to expire, to March 31, 2034.
Source · Based on the filing body and exhibits
Voting Results on Annual Meeting Proposals
The company reported that shareholders approved the election of 13 directors, the 2024 Stock Incentive Plan proposal (103,389,108 votes for and 12,007,164 against), and the non-binding 2023 executive pay say-on-pay proposal (101,447,636 votes for).
Source · Based on the filing body and exhibits
Clawback Policy Application and BDO USA Appointment Approved
Henry Schein said awards under the 2024 Stock Incentive Plan are subject to its Incentive Compensation Recoupment Policy, effective February 1, 2016, and its Dodd-Frank Clawback Policy, effective December 1, 2023. The company also said shareholders approved BDO USA, P.C. as its independent registered public accounting firm for the fiscal year ending December 28, 2024.
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.
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