MSC Industrial Files 8-K on Shareholder Vote Outcomes
Ticker: MSM · Form: 8-K · Filed: Jan 24, 2024 · CIK: 1003078
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, 8-K, disclosure
TL;DR
**MSC Industrial just reported shareholder vote results, impacting company leadership and direction.**
AI Summary
MSC Industrial Direct Co., Inc. filed an 8-K on January 24, 2024, to report the submission of matters to a vote of security holders. This filing, under Item 5.07, indicates that the company held a vote, likely an annual meeting, where shareholders made decisions on key corporate governance issues. For investors, this matters because the outcomes of these votes, such as director elections or executive compensation approvals, directly influence the company's leadership and strategic direction, impacting future performance and stock value.
Why It Matters
This filing signals that MSC Industrial's shareholders have exercised their power, potentially impacting the company's governance and future strategic decisions. Understanding these outcomes is crucial for assessing leadership stability and investor confidence.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of shareholder voting results, which is a standard corporate governance event and does not inherently present new risks.
Analyst Insight
A smart investor would review the full 8-K filing (which this extract is only a part of) to understand the specific outcomes of the shareholder votes, such as director elections or compensation approvals, to assess potential impacts on corporate governance and future company strategy.
Key Players & Entities
- MSC INDUSTRIAL DIRECT CO., INC. (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — where MSC Industrial's Class A Common Stock (MSM) is registered
- January 24, 2024 (date) — date of the earliest event reported and filing date
- MSM (company) — trading symbol for MSC Industrial's Class A Common Stock
- $0.001 (dollar_amount) — par value per share of Class A Common Stock
FAQ
What is the purpose of MSC Industrial Direct Co., Inc.'s 8-K filing dated January 24, 2024?
The purpose of MSC Industrial Direct Co., Inc.'s 8-K filing dated January 24, 2024, is to report the 'Submission of Matters to a Vote of Security Holders' under Item 5.07, indicating that shareholders voted on certain corporate matters.
What is the trading symbol and exchange for MSC Industrial Direct Co., Inc.'s Class A Common Stock?
The trading symbol for MSC Industrial Direct Co., Inc.'s Class A Common Stock is MSM, and it is registered on the New York Stock Exchange.
What is the par value per share for MSC Industrial Direct Co., Inc.'s Class A Common Stock?
The par value per share for MSC Industrial Direct Co., Inc.'s Class A Common Stock is $0.001.
What is the business address and phone number of MSC Industrial Direct Co., Inc. as stated in the filing?
The business address of MSC Industrial Direct Co., Inc. is 515 Broadhollow Road, Suite 1000, Melville, New York 11747, and its telephone number is (516) 812-2000.
Under which SEC Act and file number is MSC Industrial Direct Co., Inc. registered?
MSC Industrial Direct Co., Inc. is registered under the 1934 Act with SEC File Number 001-14130.
Filing Stats: 842 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-01-24 15:36:30
Key Financial Figures
- $0.001 — tered Class A Common Stock, par value $0.001 per share MSM New York Stock Exchange
Filing Documents
- msm-20240124.htm (8-K) — 64KB
- 0001003078-24-000015.txt ( ) — 191KB
- msm-20240124.xsd (EX-101.SCH) — 2KB
- msm-20240124_lab.xml (EX-101.LAB) — 24KB
- msm-20240124_pre.xml (EX-101.PRE) — 13KB
- msm-20240124_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) On January 24, 2024, MSC Industrial Direct Co., Inc. (the "Company") held its 2024 Annual Meeting of Shareholders (the "Annual Meeting"). (b) A brief description of the matters voted upon at the Annual Meeting and the results of the voting on such matters are set forth below. On all matters (including the election of directors) submitted to a vote of the Company's shareholders, each holder of Class A Common Stock is entitled to one vote per share. Broker non-votes and abstentions are not considered votes cast at the Annual Meeting and are not counted for any purpose in determining whether a matter has been approved. 1. Election of directors : Nominee Votes Cast For Votes Cast Against Abstentions Broker Non-Votes Percentage of Votes Cast For Erik Gershwind 48,932,252 783,133 68,546 2,136,914 98.42% Louise Goeser 48,662,345 1,077,733 43,853 2,136,914 97.83% Mitchell Jacobson 48,539,775 1,191,452 52,704 2,136,914 97.60% Michael Kaufmann 49,446,452 290,898 46,581 2,136,914 99.41% Steven Paladino 46,742,131 2,992,696 49,104 2,136,914 93.98% Philip Peller 46,965,027 2,770,564 48,340 2,136,914 94.42% Rahquel Purcell 48,115,840 1,599,640 68,451 2,136,914 96.78% Rudina Seseri 48,127,001 1,604,453 52,477 2,136,914 96.77% Each of the nominees was elected by the Company's shareholders to serve for a term of one year or until his or her successor is duly elected and qualified. 2. Ratification of the appointment of Ernst & Young LLP to serve as the Company's independent registered public accounting firm for fiscal year 2024 : Votes Cast For Votes Cast Against Abstentions Percentage of Votes Cast For 50,472,539 1,412,878 35,428 97.27% Proposal No. 2 was approved by the Company's shareholders. 3. Advisory vote to approve the compensation of the Company's named executive officers : Votes Cast For Votes Cast Against Abstentions Broker Non-Votes Percentage of Votes Cast For 48,929,3
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. MSC INDUSTRIAL DIRECT CO., INC. Date: January 24, 2024 By: /s/ KRISTEN ACTIS-GRANDE Name: Kristen Actis-Grande Title: Executive Vice President and Chief Financial Officer 4