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AI English summary of an SEC filing — figures as filed

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The company said stockholders approved an amendment and restatement of its 2007 Incentive Plan at its April 28, 2026 annual meeting, raising the number of issuable shares from 50,000,000 to 85,000,000 and removing the plan expiration date.

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

Key points

AI summary
  1. The company said stockholders approved an amendment and restatement of its 2007 Incentive Plan at its April 28, 2026 annual meeting, raising the number of issuable shares from 50,000,000 to 85,000,000 and removing the plan expiration date.

  2. The company cited the amendment's increase in the annual director equity grant limit, the elimination of share recycling for tax withholding and the removal of certain change in control provisions among its changes. It said the board approved the amendment on January 27, 2026, subject to stockholder approval, and it took effect on April 28 upon that approval.

  3. Williams said the Incentive Plan amendment was approved with 964,237,215 votes for and 20,032,496 against. It also said stockholders approved an amendment to the 2007 Employee Stock Purchase Plan that raises issuable shares from 5,200,000 to 7,200,000 and extends the term by 6 years.

  4. The company said 10 director nominees were elected to one-year terms. It added that stockholders approved, on an advisory basis, the compensation of its named executive officers, and that Ernst & Young LLP was ratified as its independent registered public accounting firm for the fiscal year ending December December 31, 2026.

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.

2007 Incentive Plan Amendment Approved

The company said stockholders approved an amendment and restatement of its 2007 Incentive Plan at its April 28, 2026 annual meeting, raising the number of issuable shares from 50,000,000 to 85,000,000 and removing the plan expiration date.

Source · Based on the filing body and exhibits

Other Amendments and Effectiveness of the Incentive Plan

The company cited the amendment's increase in the annual director equity grant limit, the elimination of share recycling for tax withholding and the removal of certain change in control provisions among its changes. It said the board approved the amendment on January 27, 2026, subject to stockholder approval, and it took effect on April 28 upon that approval.

Source · Based on the filing body and exhibits

Voting Results for the Incentive Plan and Employee Stock Purchase Plan

Williams said the Incentive Plan amendment was approved with 964,237,215 votes for and 20,032,496 against. It also said stockholders approved an amendment to the 2007 Employee Stock Purchase Plan that raises issuable shares from 5,200,000 to 7,200,000 and extends the term by 6 years.

Source · Based on the filing body and exhibits

Director Election, Pay Advisory Vote and Auditor Ratification

The company said 10 director nominees were elected to one-year terms. It added that stockholders approved, on an advisory basis, the compensation of its named executive officers, and that Ernst & Young LLP was ratified as its independent registered public accounting firm for the fiscal year ending December December 31, 2026.

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.