Mondelez said shareholders approved the Performance Incentive Plan at the annual meeting on May 22, 2024. The vote was 1,007,317,793 for, 37,504,246 against and 6,036,996 abstentions.

1. 01

   Mondelez said shareholders approved the Performance Incentive Plan at the annual meeting on May 22, 2024. The vote was 1,007,317,793 for, 37,504,246 against and 6,036,996 abstentions.

2. 02

   The company said its board on May 22, 2024 amended the 2005 PIP so that Long-Term Incentive Grants convert, upon a Change in Control, into time-based deferred stock units based on the higher of target or actual performance.

3. 03

   The company said the People and Compensation Committee approved a restatement of the CIC Plan on May 21, 2024. It said the changes include a lump-sum payment of the In-Flight Bonus within 30 days after a Change in Control, and a lump-sum payment of Thrift Plan employer matching contributions based on 24 months.

4. 04

   Mondelez said shareholders elected 11 directors to one-year terms at the annual meeting on May 22, 2024. It said a shareholder proposal to require an independent chair of the board was not approved, with 320,731,062 votes for and 711,091,703 against.

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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

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