Adobe Inc. Files 8-K on Officer Changes and Shareholder Votes
Ticker: ADBE · Form: 8-K · Filed: Apr 19, 2024 · CIK: 796343
| Field | Detail |
|---|---|
| Company | Adobe Inc. (ADBE) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, shareholder-vote
Related Tickers: ADBE
TL;DR
Adobe filed an 8-K detailing executive changes and upcoming shareholder votes.
AI Summary
Adobe Inc. filed an 8-K on April 19, 2024, reporting on events that occurred on April 17, 2024. The filing covers the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes the submission of matters to a vote of security holders and financial statements and exhibits.
Why It Matters
This filing provides crucial updates on Adobe's corporate governance and executive appointments, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — This is a routine corporate filing detailing standard board and officer changes, not indicating immediate financial distress or significant operational shifts.
Key Players & Entities
- ADOBE INC. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- April 19, 2024 (date) — Filing date
- April 17, 2024 (date) — Date of earliest event reported
FAQ
What specific officer positions were affected by the changes reported in this 8-K?
The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers,' but the specific positions are not detailed in the provided excerpt.
Were there any new directors elected to the board?
Yes, the filing explicitly mentions 'Election of Directors' as a reported item.
What type of compensatory arrangements were discussed for officers?
The filing notes 'Compensatory Arrangements of Certain Officers' but does not provide specific details on the nature of these arrangements in the excerpt.
Did Adobe submit any matters for a vote of its security holders?
Yes, the filing states that 'Submission of Matters to a Vote of Security Holders' is an item reported.
What financial information is included with this 8-K filing?
The filing indicates that 'Financial Statements and Exhibits' are included.
Filing Stats: 900 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2024-04-19 16:09:57
Key Financial Figures
- $0.0001 — ange on Which Registered Common Stock, $0.0001 par value per share ADBE NASDAQ Global
Filing Documents
- adbe-20240417.htm (8-K) — 72KB
- adbeex10141924.htm (EX-10.1) — 173KB
- 0000796343-24-000086.txt ( ) — 427KB
- adbe-20240417.xsd (EX-101.SCH) — 2KB
- adbe-20240417_def.xml (EX-101.DEF) — 13KB
- adbe-20240417_lab.xml (EX-101.LAB) — 25KB
- adbe-20240417_pre.xml (EX-101.PRE) — 15KB
- adbe-20240417_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. At the Annual Meeting, held on April 17, 2024, the Company's stockholders approved proposals one through four and did not approve proposals five through six listed below. The final results for the votes regarding each proposal are set forth in the following tables. Each of these proposals is described in detail in the Company's Proxy Statement. 1. Elect twelve members of the Board of Directors, each to serve for a one-year term: Votes Votes Broker Name For Against Abstentions Non-Votes Cristiano Amon 347,367,530 3,396,166 472,632 41,212,582 Amy Banse 318,999,518 31,780,527 456,283 41,212,582 Brett Biggs 348,478,059 2,251,571 506,698 41,212,582 Melanie Boulden 342,825,267 7,925,252 485,809 41,212,582 Frank Calderoni 331,877,429 18,670,790 688,109 41,212,582 Laura Desmond 338,017,143 12,759,348 459,837 41,212,582 Shantanu Narayen 323,396,504 26,202,235 1,637,589 41,212,582 Spencer Neumann 347,687,557 3,049,198 499,573 41,212,582 Kathleen Oberg 339,002,544 11,767,492 466,292 41,212,582 Dheeraj Pandey 348,553,498 2,203,643 479,187 41,212,582 David Ricks 341,654,881 9,100,579 480,868 41,212,582 Daniel Rosensweig 335,136,045 15,611,712 488,571 41,212,582 2. Approve the 2019 Plan to increase the available share reserve by 5 million shares. Votes For Votes Against Abstentions Broker Non-Votes 335,547,478 15,057,959 630,891 41,212,582 3. Ratify the appointment of KPMG LLP as our independent registered public accounting firm for our fiscal year ending on November 29, 2024. Votes For Votes Against Abstentions 363,835,110 27,982,914 630,886 4. Approve, on an advisory basis, the compensation of our named executive officers. Votes For Votes Against Abstentions Broker Non-Votes 297,271,103 53,038,028 927,197 41,212,582 2 5. Vote upon a stockholder proposal concerning a mandatory director resignation policy. Votes For Votes Against Abstentions Broker Non-Votes 71,382,619 277,939,
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Incorporated by Reference Exhibit Number Exhibit Description Form Filing Date Number SEC File No. Filed Herewith 10.1 2019 Equity Incentive Plan, as amended X 104 Cover Page Interactive Data File (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ADOBE INC. Date: April 19, 2024 By: /s/ Dana Rao Dana Rao Executive Vice President, General Counsel & Chief Trust Officer and Corporate Secretary 4