Franklin Covey 8-K: Shareholder Vote on Jan 19 Signals Key Decisions
Ticker: FC · Form: 8-K · Filed: Jan 22, 2024 · CIK: 886206
Complexity: simple
Sentiment: neutral
Topics: shareholder-vote, corporate-governance, 8-K
TL;DR
**Franklin Covey shareholders voted on key matters on Jan 19, watch for details on outcomes.**
AI Summary
Franklin Covey Co. filed an 8-K on January 22, 2024, reporting an event that occurred on January 19, 2024, related to the submission of matters to a vote of security holders. This filing indicates that shareholders have recently voted on company matters, which could include significant decisions like executive compensation, board appointments, or strategic proposals. For investors, understanding the outcome of these votes is crucial as it reflects shareholder sentiment and can impact future company direction and stock performance.
Why It Matters
This filing signals that important shareholder decisions have been made, which could influence Franklin Covey's governance, strategy, and ultimately its stock value. Investors should seek further details on the specific outcomes of these votes.
Risk Assessment
Risk Level: medium — The filing indicates a shareholder vote occurred, but without details on the specific matters or outcomes, the potential impact on the company's future and stock price is uncertain.
Analyst Insight
A smart investor would look for a subsequent 8-K filing (likely under Item 5.07) or proxy statement (DEF 14A) that details the specific outcomes of the shareholder vote to understand the implications for company governance and strategy.
Key Players & Entities
- FRANKLIN COVEY CO. (company) — the registrant filing the 8-K
- January 19, 2024 (date) — Date of Earliest Event Reported
- January 22, 2024 (date) — Date the 8-K was filed
- 001-11107 (other) — Commission File Number
- Utah (other) — State of incorporation for Franklin Covey Co.
- 87-0401551 (other) — IRS Employer Identification Number
- FC (other) — Trading Symbol for Common Stock
- New York Stock Exchange (other) — Exchange where Common Stock is registered
FAQ
What was the specific event reported in this 8-K filing by Franklin Covey Co.?
The specific event reported in this 8-K filing by Franklin Covey Co. was the 'Submission of Matters to a Vote of Security Holders' which occurred on January 19, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 19, 2024.
What is the trading symbol and the exchange where Franklin Covey Co.'s common stock is registered?
Franklin Covey Co.'s Common Stock, $.05 Par Value, has the trading symbol FC and is registered on the New York Stock Exchange.
What is Franklin Covey Co.'s state of incorporation and IRS Employer Identification Number?
Franklin Covey Co. is incorporated in Utah and its IRS Employer Identification Number is 87-0401551.
What is the business address and phone number of Franklin Covey Co. as listed in the filing?
The business address of Franklin Covey Co. is 2200 West Parkway Boulevard, Salt Lake City, Utah 84119-2099, and its telephone number is (801) 817-1776.
Filing Stats: 702 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-01-22 17:26:13
Filing Documents
- fc-20240119x8k.htm (8-K) — 112KB
- fc-20240119x8kg001.jpg (GRAPHIC) — 16KB
- 0000886206-24-000007.txt ( ) — 270KB
- fc-20240119.xsd (EX-101.SCH) — 2KB
- fc-20240119_lab.xml (EX-101.LAB) — 13KB
- fc-20240119_pre.xml (EX-101.PRE) — 10KB
- fc-20240119x8k_htm.xml (XML) — 5KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. Franklin Covey Co. (the Company) held its Annual Meeting of Shareholders on Friday, January 19, 2024. For more information on the following proposals, refer to the Company's Proxy Statement filed with the Securities and Exchange Commission on December 19, 2023, the relevant portions of which are incorporated herein by reference. The matters voted on and the results of the votes are as follows: 1. The following nominees for Director were elected. Each person elected will serve until the next annual meeting of shareholders or until such person's successor is elected and qualified. Nominee Number of Votes Cast For Number of Votes Withheld Broker Non-Votes Anne H. Chow 7,800,370 1,036,957 2,400,853 Craig Cuffie 8,763,082 74,245 2,400,853 Donald J. McNamara 8,690,557 146,770 2,400,853 Joel C. Peterson 8,757,393 79,934 2,400,853 Nancy Phillips 8,287,850 549,477 2,400,853 Efrain Rivera 8,763,099 74,228 2,400,853 Derek C.M. van Bever 8,214,063 623,264 2,400,853 Paul S. Walker 8,768,147 69,180 2,400,853 Robert A. Whitman 8,323,190 514,137 2,400,853 2. The advisory vote for the approval of executive compensation as described and presented in the Compensation Discussion and Analysis of the Company's Proxy Statement was approved with 8,295,416 votes in favor; 518,825 votes against; and 23,086 abstentions. The number of broker non-votes was 2,400,853. 3. The advisory vote on the frequency of advisory votes on executive compensation resulted in 8,282,921 votes for every year; 1,131 votes for every two years; 531,149 votes for every three years; and 22,126 abstentions. The number of broker non-votes was 2,400,853. Accordingly, advisory votes on executive compensation will continue to be held each year. 4. The ratification of the appointment of Deloitte & Touche, LLP as the Company's Independent Registered Public Accounting Fir
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the inline XBRL document.
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. FRANKLIN COVEY CO. Date: January 22, 2024 By: /s/ Stephen D. Young Stephen D. Young Chief Financial Officer