Accenture Files 2024 Proxy Statement

Ticker: ACN · Form: DEF 14A · Filed: Dec 16, 2024 · CIK: 1467373

Sentiment: neutral

Topics: proxy-statement, executive-compensation, governance

TL;DR

Accenture's proxy statement is out, detailing exec pay and board stuff for FY25.

AI Summary

Accenture plc filed its Definitive Proxy Statement (DEF 14A) on December 16, 2024, for the fiscal year ending August 31, 2025. The filing details executive compensation, board nominations, and other shareholder matters. Key financial periods covered include fiscal years 2020 through 2024, with specific data points related to equity awards and their fair values.

Why It Matters

This filing provides crucial information for shareholders regarding executive compensation and corporate governance decisions, influencing investor confidence and potential voting outcomes.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) providing information to shareholders, not indicating new financial risks.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, or Definitive Proxy Statement, is used by companies to solicit proxies from shareholders for annual or special meetings, providing detailed information on matters to be voted upon, such as director elections and executive compensation.

When is Accenture plc's fiscal year end?

Accenture plc's fiscal year ends on August 31st, as indicated by the filing.

What is the filing date of this DEF 14A?

This Definitive Proxy Statement was filed on December 16, 2024.

What is the Central Index Key (CIK) for Accenture plc?

The Central Index Key for Accenture plc is 0001467373.

What specific financial data related to equity awards is mentioned?

The filing references various metrics related to equity awards for the fiscal year 2023-2024, including 'MinusReportedValueOfEquityAwardsMember', 'PlusEquityAwardAdjustmentsMember', and 'YearEndFairValueOfEquityAwardsGrantedDuringYearMember'.

Filing Stats: 4,600 words · 18 min read · ~15 pages · Grade level 16.4 · Accepted 2024-12-16 16:30:23

Key Financial Figures

Filing Documents

Executive Compensation

Executive Compensation 61 Compensation Discussion and Analysis 61 Driving Reinvention, Delivering 360 Value 62 Overview of Compensation Elements 63 Compensation Practices 64 Pay-for-Performance 65 Say-on-Pay Vote 65 Process for Determining Executive Compensation 66 Fiscal 2024 Compensation Decisions 68 Role of Compensation Consultants 72 Role of Benchmarking 72 Compensation Programs 74 Additional Information 78 Compensation, Culture & People Committee Report 81 Compensation, Culture & People Committee Interlocks and Insider Participation 81 Summary Compensation Table 82 Grants of Plan-Based Awards for Fiscal 2024 84 Outstanding Equity Awards at August 31, 2024 85 Stock Vested in Fiscal 202 4 86 Nonqualified Deferred Compensation for Fiscal 2024 87 Pension Benefits for Fiscal 202 4 88 Potential Payments Upon Termination 88 Pay Ratio 90 Pay Versus Performance 91 Audit 95 Audit Committee Report 95 PROPOSAL 3: Non-Binding Ratification of Appointment of Independent Auditor and Binding Authorization of the Board to Determine Its Remuneration 97 Independent Auditor's Fees 98 Procedures for Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Auditor 98 Irish Law Proposals 100 PROPOSAL 4: Creation of Additional Distributable Reserves By Way of a Capital Reduction 100 PROPOSAL 5: Board Authority to Issue Shares 101 PROPOSAL 6: Board Authority to Opt-Out of Pre-Emption Rights 102 PROPOSAL 7: Determine Price Range for Re-Allotment of Treasury Shares 103 Beneficial Ownership 105 Beneficial Ownership of Directors and Executive Officers 105 Beneficial Ownership of More Than 5% 106 Questions and Answers About the Annual Meeting 108 Additional Information 114 Availability of Materials 114 Householding of Shareholder Documents 114 Submission of Future Shareholder Proposals 114 About Accenture 115 Reconciliation of GAAP Me

Forward-Looking Statements & Website References

Forward-Looking Statements & Website References 117 We use the terms "Accenture," the "Company," "we," "our" and "us" in this proxy statement to refer to Accenture plc and its subsidiaries. All references to "years," unless otherwise noted, refer to our fiscal year, which ends on August 31. Table of Contents Table of Contents Our Company Accenture (the "Company") is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 774,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360 value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360 value we create for our clients, each other, our shareholders, partners and communities. Our Strategy The core of our strategy is to be our clients' reinvention partner of choice, delivering 360 value to our clients, people, shareholders, partners and communities. Our strategy defines the areas in which we will drive growth, build differentiation and enable our clients to transform their organizations through technology, data and AI to create value every day. We aspire to be at the center of our clients' business and help them reach new levels of performance and to set themsel

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