Stagwell Inc. Holds Annual Meeting, Elects Directors
Ticker: STGW · Form: 8-K · Filed: Jun 14, 2024 · CIK: 876883
| Field | Detail |
|---|---|
| Company | Stagwell INC (STGW) |
| Form Type | 8-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-meeting, governance, directors, auditor
TL;DR
Stagwell elected new directors and approved auditor at annual meeting.
AI Summary
On June 12, 2024, Stagwell Inc. held its Annual Meeting of Stockholders where several proposals were voted upon. Key among these was the election of three Class II directors to serve until the 2027 annual meeting. Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as Stagwell's independent registered public accounting firm for the fiscal year ending December 31, 2024, and approved, on an advisory basis, the compensation of the company's named executive officers.
Why It Matters
The election of directors and ratification of auditors are routine but essential corporate governance actions that provide transparency and accountability to shareholders.
Risk Assessment
Risk Level: low — This filing reports on routine annual meeting matters and does not indicate any significant new risks or changes in the company's financial or operational status.
Key Players & Entities
- Stagwell Inc. (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Independent registered public accounting firm
FAQ
What was the primary purpose of the June 12, 2024 filing?
The filing reports on the matters voted upon at Stagwell Inc.'s Annual Meeting of Stockholders held on June 12, 2024.
Who was elected as Class II directors?
The filing states that three Class II directors were elected to serve until the 2027 annual meeting, but does not name them in this excerpt.
Was the company's auditor ratified?
Yes, stockholders ratified the appointment of PricewaterhouseCoopers LLP as Stagwell's independent registered public accounting firm for the fiscal year ending December 31, 2024.
What was the outcome of the advisory vote on executive compensation?
The compensation of the company's named executive officers was approved on an advisory basis.
What is Stagwell Inc.'s state of incorporation and fiscal year end?
Stagwell Inc. is incorporated in Delaware and its fiscal year ends on December 31.
Filing Stats: 579 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-06-14 17:00:39
Key Financial Figures
- $0.001 — hich registered Class A Common Stock, $0.001 par value STGW NASDAQ Indicate by c
Filing Documents
- tm2417148d1_8k.htm (8-K) — 35KB
- 0001104659-24-071817.txt ( ) — 204KB
- stgw-20240612.xsd (EX-101.SCH) — 3KB
- stgw-20240612_lab.xml (EX-101.LAB) — 33KB
- stgw-20240612_pre.xml (EX-101.PRE) — 22KB
- tm2417148d1_8k_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. Annual Meeting of Stockholders On June 12, 2024, Stagwell Inc. (the "Company") held its annual meeting of stockholders (the "Annual Meeting"). The stockholders considered three proposals as described in the Company's definitive proxy statement filed on April 29, 2024. The final results of the voting on each matter submitted to stockholders at the Annual Meeting are set forth below. Proposal 1 - Election of Directors. The stockholders elected the nominees for director by the votes shown below, each to hold office until the Company's 2025 annual meeting of stockholders. Nominee For Withheld Broker Non-Votes Charlene Barshefsky 218,885,989 20,052,371 6,317,490 Bradley J. Gross 237,884,544 1,053,816 6,317,490 Wade Oosterman 216,984,163 21,954,197 6,317,490 Mark J. Penn 237,434,483 1,503,877 6,317,490 Desire Rogers 237,673,683 1,264,677 6,317,490 Eli Samaha 218,881,592 20,056,768 6,317,490 Irwin D. Simon 220,950,013 17,988,347 6,317,490 Rodney Slater 235,555,410 3,382,950 6,317,490 Brandt Vaughan 238,323,805 614,555 6,317,490 Proposal 2 - Executive Compensation. The stockholders approved, on a non-binding, advisory basis, the 2023 executive compensation of the Company's named executive officers by the votes shown below. For Against Abstain Broker Non-Votes 237,415,785 1,245,622 276,953 6,317,490 Proposal 3 – Ratification of Selection of Independent Registered Public Accounting Firm. The stockholders ratified the selection of PricewaterhouseCoopers LLP to act as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024 by the votes shown below. For Against Abstain 245,047,083 130,297 78,470
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 14, 2024 Stagwell Inc. By: /s/ Edmund D. Graff Name: Edmund D. Graff Title: Senior Vice President, Deputy General Counsel and Corporate Secretary