Nextracker Inc. Files 8-K on Director Changes and Compensation
Ticker: NXT · Form: 8-K · Filed: Aug 19, 2024 · CIK: 1852131
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: NXT
TL;DR
NXT board shakeup & comp changes filed 8-K.
AI Summary
On August 19, 2024, Nextracker Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing includes the election of new directors and updates to compensatory plans for its officers, effective as of the reporting date.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters such as director elections and executive compensation, which typically carry low inherent risk.
Key Numbers
- 001-41617 — SEC File Number (Identifies Nextracker Inc.'s filing with the SEC.)
- 36-5047383 — IRS Employer Identification No. (Tax identification number for Nextracker Inc.)
Key Players & Entities
- Nextracker Inc. (company) — Registrant
- August 19, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-41617 (commission_file_number) — SEC File Number
- 36-5047383 (irs_number) — IRS Employer Identification No.
- 6200 Paseo Padre Parkway, Fremont, California 94555 (address) — Principal executive offices
- (510) 270-2500 (phone_number) — Registrant's telephone number
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers, as well as the submission of matters to a vote of security holders.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is August 19, 2024.
In which state was Nextracker Inc. incorporated?
Nextracker Inc. was incorporated in Delaware.
What is the principal executive office address for Nextracker Inc.?
The principal executive office address is 6200 Paseo Padre Parkway, Fremont, California 94555.
What is the SIC code for Nextracker Inc.?
The Standard Industrial Classification (SIC) code for Nextracker Inc. is 3812 (SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS).
Filing Stats: 954 words · 4 min read · ~3 pages · Grade level 13.7 · Accepted 2024-08-19 16:30:59
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 NXT The Nasdaq Stock Market LLC Indic
Filing Documents
- nxt-20240819.htm (8-K) — 44KB
- 0001852131-24-000018.txt ( ) — 167KB
- nxt-20240819.xsd (EX-101.SCH) — 2KB
- nxt-20240819_lab.xml (EX-101.LAB) — 21KB
- nxt-20240819_pre.xml (EX-101.PRE) — 12KB
- nxt-20240819_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 August 19, 2024, the Company held the Annual Meeting via virtual webcast. At the Annual Meeting, the Company's stockholders voted on four proposals, each of which is described in more detail in the Proxy Statement. A total of 133,520,228 shares of the Company's Class A common stock and Class B common stock were present or represented by proxy at the Annual Meeting, representing 91.98% of the combined voting power of the shares of Class A common stock and Class B common stock (voting together as a class) outstanding as of the close of business on June 24, 2024, the record date for the determination of stockholders entitled to vote at the Annual Meeting. Holders of shares of the Company's Class A common stock and Class B common stock were each entitled to one vote for each share held as of the close of business on the record date. The following are the voting results on the four proposals considered and voted upon at the Annual Meeting, all of which are described in the Proxy Statement. Proposal 1. Election of Directors The following nominees were elected to serve as the Class II directors until the Company's 2027 annual meeting of stockholders and until their respective successors are duly qualified, or, if sooner, until the director's earlier death, resignation or removal, based on the following results of voting: Nominee For Withhold Broker Non-Votes Julie Blunden 125,477,533 232,690 7,810,005 Steven Mandel 84,845,438 40,864,785 7,810,005 Willy Shih 120,309,236 5,400,987 7,810,005 Proposal 2. Ratification of Selection of Independent Registered Public Accounting Firm The selection of Deloitte & Touche LLP as the independent registered accounting firm for the Company for the fiscal year ending March 31, 2025 was ratified based on the following results of voting: Votes For Votes Against Abstentions Broker Non-Votes 133,154,814 117,769 247,645 N/A Proposal 3. Approval, on an Ad