LivaNova PLC Files 8-K: Board Changes and Compensation Details
Ticker: LIVN · Form: 8-K · Filed: Jun 12, 2024 · CIK: 1639691
| Field | Detail |
|---|---|
| Company | Livanova PLC (LIVN) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 8 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: LIVN
TL;DR
LivaNova 8-K: Board shakeup and exec pay changes filed June 11.
AI Summary
LivaNova PLC announced on June 11, 2024, changes in its board of directors and executive compensation arrangements. The filing also includes information regarding the submission of matters to a vote of security holders and financial statements. Specific details on the compensation arrangements and the matters voted upon are not elaborated in this summary.
Why It Matters
This filing provides crucial updates on LivaNova's corporate governance and executive compensation, which can impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance and executive compensation updates, which are standard for public companies and do not indicate immediate financial distress or significant operational changes.
Key Players & Entities
- LivaNova PLC (company) — Registrant
- June 11, 2024 (date) — Date of earliest event reported
- England and Wales (jurisdiction) — State or Other Jurisdiction of Incorporation
- 20 Eastbourne Terrace London , W2 6LG United Kingdom (address) — Address of Principal Executive Offices
FAQ
What specific changes were made to the board of directors?
The filing indicates a departure of directors or certain officers and the election of directors, but the specific names and details of these changes are not provided in the summary text.
What are the details of the compensatory arrangements for certain officers?
The filing mentions compensatory arrangements of certain officers, but the specific terms, amounts, or beneficiaries are not detailed in the provided text.
What matters were submitted to a vote of security holders?
The filing states that matters were submitted to a vote of security holders, but the nature of these matters is not specified in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on June 11, 2024.
What is LivaNova PLC's principal executive office address?
LivaNova PLC's principal executive office is located at 20 Eastbourne Terrace, London, W2 6LG, United Kingdom.
Filing Stats: 2,083 words · 8 min read · ~7 pages · Grade level 13.3 · Accepted 2024-06-12 16:12:18
Filing Documents
- livn-20240611.htm (8-K) — 115KB
- amendmentno1tothe2022arp.htm (EX-10.1) — 3KB
- amendmentno2tothe2015pla.htm (EX-10.2) — 4KB
- amendmentno1tothe2022arp001.jpg (GRAPHIC) — 104KB
- amendmentno2tothe2015pla001.jpg (GRAPHIC) — 157KB
- livn-20240611_g1.jpg (GRAPHIC) — 7KB
- 0001639691-24-000075.txt ( ) — 635KB
- livn-20240611.xsd (EX-101.SCH) — 2KB
- livn-20240611_lab.xml (EX-101.LAB) — 22KB
- livn-20240611_pre.xml (EX-101.PRE) — 13KB
- livn-20240611_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 A total of 48,029,376 of the Company's ordinary shares, representing approximately 88.70% of the shares outstanding and eligible to vote and constituting a quorum, were represented virtually or by proxy at the AGM. At the AGM, LivaNova's shareholders considered 12 proposals as more fully described in the 2024 Proxy Statement, as supplemented on June 6, 2024 and as summarized below. Each of the resolutions 1-11 was adopted and a plurality of votes cast were voted in favor of holding future U.S. Say-on-Pay votes annually with respect to resolution 12. The number of votes for and against, as well as the number of abstentions and broker non-votes are set forth below. 1. Ordinary resolution to elect, by separate resolutions, each of the following nine (9) directors for a term expiring at the AGM to be held in 2025: Mr. J. Christopher Barry Votes For Votes Against Votes Abstained Broker Non-Votes 45,270,146 132,277 20,407 2,606,546 Mr. Francesco Bianchi Votes For Votes Against Votes Abstained Broker Non-Votes 44,852,064 557,079 13,687 2,606,546 2 Ms. Stacy Enxing Seng Votes For Votes Against Votes Abstained Broker Non-Votes 44,760,431 648,537 13,862 2,606,546 Mr. William A. Kozy Votes For Votes Against Votes Abstained Broker Non-Votes 45,120,873 288,115 13,842 2,606,546 Mr. Vladimir Makatsaria Votes For Votes Against Votes Abstained Broker Non-Votes 45,271,743 137,260 13,827 2,606,546 Dr. Sharon O'Kane Votes For Votes Against Votes Abstained Broker Non-Votes 44,918,069 491,074 13,687 2,606,546 Mr. Todd Schermerhorn Votes For Votes Against Votes Abstained Broker Non-Votes 45,200,755 208,213 13,862 2,606,546 Ms. Brooke Story Votes For Votes Against Votes Abstained Broker Non-Votes 45,016,151 392,817 13,862 2,606,546 Mr. Peter Wilver Votes For Votes Against Votes Abstained Broker Non-Votes 44,875,477 533,579 13,687 2,606,633 2. Ordinary resolution to
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit Description 10.1 Amendment No. 1 to the Amended and Restated LivaNova PLC 2022 Incentive Award Plan 10.2 Amendment No. 2 to the LivaNova PLC 2015 Incentive Award Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 6 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 hereunto duly authorized. LivaNova PLC Date: June 12, 2024 By: /s/ Michael Hutchinson Name: Michael Hutchinson Title: SVP, Company Secretary & Chief Legal Officer 7