Littelfuse Elects New Directors, Approves Incentive Plans
Ticker: LFUS · Form: 8-K · Filed: Apr 26, 2024 · CIK: 889331
| Field | Detail |
|---|---|
| Company | Littelfuse Inc /De (LFUS) |
| Form Type | 8-K |
| Filed Date | Apr 26, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-of-directors, incentive-plan
TL;DR
Littelfuse adds 2 directors, OKs new stock incentive plan.
AI Summary
Littelfuse, Inc. announced on April 25, 2024, the election of two new directors, Ms. Laura J. Schumacher and Mr. David M. Speer, to its Board of Directors. The company also reported on the adoption of a new omnibus incentive plan and the approval of its 2024 Long-Term Incentive Plan, which includes provisions for equity awards to officers and employees.
Why It Matters
The election of new directors and the approval of incentive plans can signal strategic shifts and management's commitment to retaining and motivating key personnel, potentially impacting future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters such as director elections and incentive plan approvals, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- Littelfuse, Inc. (company) — Registrant
- Laura J. Schumacher (person) — Newly elected director
- David M. Speer (person) — Newly elected director
- Delaware (company) — State of incorporation
- April 25, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors to Littelfuse's Board?
Ms. Laura J. Schumacher and Mr. David M. Speer were elected to the Board of Directors.
What is the effective date of the earliest event reported in this 8-K?
The earliest event reported is dated April 25, 2024.
What type of incentive plans were approved by Littelfuse?
Littelfuse adopted a new omnibus incentive plan and approved its 2024 Long-Term Incentive Plan.
In which state is Littelfuse, Inc. incorporated?
Littelfuse, Inc. is incorporated in Delaware.
What is the principal executive office address for Littelfuse, Inc.?
The principal executive offices are located at 8755 W. Higgins Road, Suite 500, Chicago, IL 60631.
Filing Stats: 767 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-04-26 11:37:29
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share LFUS NASDAQ Global Select Mar
Filing Documents
- lfus-20240425.htm (8-K) — 52KB
- 0000889331-24-000064.txt ( ) — 179KB
- lfus-20240425.xsd (EX-101.SCH) — 2KB
- lfus-20240425_lab.xml (EX-101.LAB) — 22KB
- lfus-20240425_pre.xml (EX-101.PRE) — 13KB
- lfus-20240425_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 April 25, 2024, the Company held its 2024 Annual Meeting of Stockholders. A quorum was present at the meeting as required by the Company's Bylaws. The results of voting for each matter submitted to a vote of stockholders at the meeting are as follows. Proposal 1: Election of Directors The nine director nominees were elected to serve as directors until the 2025 Annual Meeting of Stockholders and until their successors have been duly elected and qualified, by the votes set forth below. Nominee For Against Abstain Broker Non-Votes Kristina A. Cerniglia 22,447,412 208,297 13,761 747,326 Tzau-Jin Chung 21,462,790 1,190,486 16,194 747,326 Gayla J. Delly 21,984,276 671,433 13,761 747,326 Maria C. Green 21,985,912 669,900 13,658 747,326 Anthony Grillo 21,561,115 1,092,215 16,140 747,326 David W. Heinzmann 21,947,310 669,171 22,989 747,326 Gregory N. Henderson 22,534,719 115,610 19,141 747,326 Gordon Hunter 22,073,326 574,839 21,305 747,326 William P. Noglows 21,960,428 683,405 25,637 747,326 Proposal 2: Advisory Vote on Compensation of Named Executive Officers The stockholders approved, on an advisory, non-binding basis, the compensation of our named executive officers, by the votes set forth below. For Against Abstain Broker Non-Votes 20,989,252 1,661,781 18,437 747,326 Proposal 3: Approval and Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Auditors The appointment of Deloitte & Touche LLP as the Company's independent auditors for the 2024 fiscal year ending December 28, 2024 was approved and ratified, by the votes set forth below. For Against Abstain 23,381,417 26,193 9,186
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Signature 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 thereunto duly authorized. Littelfuse, Inc. Date: April 26, 2024 By: /s/ Ryan K. Stafford Executive Vice President, Mergers & Acquisitions, Chief Legal Officer and Corporate Secretary