MOOG Inc. Reports Executive Changes, Compensation, Shareholder Vote
Ticker: MOG-B · Form: 8-K · Filed: Feb 7, 2024 · CIK: 67887
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, shareholder-vote, corporate-governance
TL;DR
**MOOG Inc. just reported executive changes and compensation updates, signaling potential shifts ahead.**
AI Summary
MOOG Inc. filed an 8-K on February 7, 2024, reporting events that occurred on February 6, 2024. The filing indicates changes related to the departure or election of directors or officers, their compensatory arrangements, and the submission of matters to a vote of security holders. This matters to investors because changes in leadership and executive compensation can signal shifts in company strategy or financial health, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation can influence a company's strategic direction and financial stability, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty, but the specific details are not yet fully disclosed, making the risk moderate.
Analyst Insight
A smart investor would monitor subsequent filings or company announcements for specific details on the executive changes, compensation structures, and the outcomes of any shareholder votes, as these will provide clearer insights into the company's future direction and potential financial impact.
Key Players & Entities
- MOOG Inc. (company) — registrant
- New York Stock Exchange (company) — exchange where stock is registered
- February 6, 2024 (date) — date of earliest event reported
- February 7, 2024 (date) — filing date
Forward-Looking Statements
- MOOG Inc. will provide more specific details regarding the executive changes and compensation in future filings or announcements. (MOOG Inc.) — high confidence, target: 2024-05-07
- The shareholder vote mentioned will likely pertain to director elections or executive compensation plans. (shareholders) — medium confidence, target: 2024-08-06
FAQ
What specific events did MOOG Inc. report in this 8-K filing?
MOOG Inc. reported events concerning the departure or election of directors or certain officers, compensatory arrangements of certain officers, and the submission of matters to a vote of security holders, all occurring on February 6, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 6, 2024.
What is the filing date of this 8-K for MOOG Inc.?
The filing date for this 8-K by MOOG Inc. was February 7, 2024.
On which stock exchanges are MOOG Inc.'s Class A and Class B common stocks registered?
Both MOOG Inc.'s Class A common stock (MOG.A) and Class B common stock (MOG.B) are registered on the New York Stock Exchange.
What is MOOG Inc.'s business address as stated in the filing?
MOOG Inc.'s business address is 400 Jamison Rd, East Aurora, New York 14052-0018.
Filing Stats: 903 words · 4 min read · ~3 pages · Grade level 11.9 · Accepted 2024-02-07 13:37:18
Filing Documents
- mog-20240206.htm (8-K) — 51KB
- 0000067887-24-000017.txt ( ) — 220KB
- mog-20240206.xsd (EX-101.SCH) — 2KB
- mog-20240206_def.xml (EX-101.DEF) — 16KB
- mog-20240206_lab.xml (EX-101.LAB) — 31KB
- mog-20240206_pre.xml (EX-101.PRE) — 17KB
- mog-20240206_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders (a) The Company's Annual Meeting of Shareholders was held on February 6, 2024 (the "2024 Annual Meeting"). (b) The following matters were submitted to a vote of security holders at the 2024 Annual Meeting. In accordance with the Company's Restated Certificate of Incorporation, on matters relating to the election of directors the holders of Class A shares and the holders of Class B shares each vote as a separate class. Each Class A share is entitled to one-tenth vote per share and each Class B share is entitled to one vote per share. The final results reported below reflect such vote. (i) The nominees to the Board of Directors were elected based on the following votes: Nominee For Authority Withheld Broker Non-Votes Class B Donald R. Fishback 3,510,289 128,411 135,156 (term expiring 2026) William G. Gisel, Jr. 3,338,253 300,447 135,156 (term expiring 2027) Pat Roche 3,383,332 255,368 135,156 (term expiring 2027) Class A Janet M. Coletti 2,392,326 279,414 101,879 (term expiring 2027) The terms of the following directors continued after the 2024 Annual Meeting: Name Expiration of Term Class B Peter J. Gundermann 2025 Kraig H. Kayser 2026 Brian J. Lipke 2025 John R. Scannell 2025 Class A Mahesh Narang 2025 Brenda L. Reichelderfer 2026 (ii) The Company's Class A shareholders and Class B shareholders, voting together as a single class in a non-binding advisory vote, approved the compensation of the Company's named executive officers based on the following votes: For Against Abstain Broker Non-Votes 5,537,614 617,828 154,998 237,035 (iii) The Company's Class A shareholders and Class B shareholders, voted together as a single class in a non-binding advisory vote on the frequency of the shareholder advisory vote on executive compensation. The advisory vote was as follows: One Year Two Years Three Years Abstain Broker Non-Votes 2,773,913 245,076 3,234,539 56,912 237,035
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. MOOG INC. Dated: February 7, 2024 By: /s/ Michael J. Swope Name: Michael J. Swope Controller