Kadant Inc. Files 8-K on Security Holder Vote Matters

TL;DR

Kadant shareholders voted on something. Details TBD.

AI Summary

Kadant Inc. filed an 8-K on May 16, 2024, reporting on matters submitted to a vote of security holders as of May 15, 2024. The filing does not contain specific details on the vote outcomes or the matters voted upon, but it serves as a formal notification to the SEC.

Why It Matters

This filing indicates that Kadant Inc. has held or is holding a vote of its shareholders, which is a standard corporate governance event that can impact company direction.

Risk Assessment

Risk Level: low — This is a routine corporate filing about a shareholder vote without immediate financial implications disclosed.

Key Players & Entities

• KADANT INC (company) — Registrant
• 0000886346-24-000095 (filing_id) — Accession Number
• May 15, 2024 (date) — Earliest event reported
• May 16, 2024 (date) — Filing Date

FAQ

Key Financial Figures

• $170,000 b — cted stock units determined by dividing $170,000 by the grant date fair value per share of

Filing Documents

• kai-20240515.htm (8-K) — 27KB
• 0000886346-24-000095.txt ( ) — 148KB
• kai-20240515.xsd (EX-101.SCH) — 2KB
• kai-20240515_lab.xml (EX-101.LAB) — 21KB
• kai-20240515_pre.xml (EX-101.PRE) — 12KB
• kai-20240515_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. On May 15, 2024, Kadant Inc. (the Company) held its 2024 annual meeting of stockholders (2024 annual meeting). At the meeting, the Company's stockholders voted on the following proposals: 1. The stockholders elected two nominees, Ms. Erin L. Russell and Ms. Rebecca Martinez O'Mara, to the class of directors whose three-year term expires at the Company's annual meeting of stockholders in 2027. The stockholders cast 8,745,438 shares in favor and 2,011,111 shares against Ms. Russell's election. In addition, 2,415 shares abstained and 366,986 broker non-votes were recorded, which had no effect on the outcome of the vote. The stockholders cast 9,183,104 shares in favor and 1,573,432 shares against Ms. O'Mara's election. In addition, 2,428 shares abstained and 366,986 broker non-votes were recorded, which had no effect on the outcome of the vote. 2. The stockholders approved a non-binding advisory resolution on the executive compensation of the Company's named executive officers. The stockholders cast 10,342,039 shares in favor and 410,410 shares against this proposal. In addition, 6,515 shares abstained and 366,986 broker non-votes were recorded, which had no effect on the outcome of the vote. 3. The stockholders approved an amendment to the Company's amended and restated 2006 equity incentive plan, as amended, to extend the plan's term by 10 years from the date of the 2024 annual meeting. The stockholders cast 10,495,891 shares in favor and 256,976 shares against this proposal. In addition, 6,097 shares abstained and 366,986 broker non-votes were recorded, which had no effect on the outcome of the vote. 4. The stockholders approved a grant of such number of restricted stock units determined by dividing $170,000 by the grant date fair value per share of the Company's common stock based on the closing price on the day of grant, which was the date of the 2024 annual meeting, calculated in accordance

View Full Filing

View this 8-K filing on SEC EDGAR