Zimmer Biomet Announces Director Elections & Officer Compensation Changes
Ticker: ZBH · Form: 8-K · Filed: May 15, 2024 · CIK: 1136869
| Field | Detail |
|---|---|
| Company | Zimmer Biomet Holdings, INC. (ZBH) |
| Form Type | 8-K |
| Filed Date | May 15, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-compensation, board-of-directors
TL;DR
Zimmer Biomet just shook up its board and executive pay structure. Keep an eye on this.
AI Summary
Zimmer Biomet Holdings, Inc. announced on May 10, 2024, the election of new directors and changes in officer compensation. The company also reported on the submission of matters to a vote of security holders and filed financial statements and exhibits. This filing details executive and board-level adjustments within the company.
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 compensation adjustments, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- ZIMMER BIOMET HOLDINGS, INC. (company) — Registrant
- May 10, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
FAQ
What specific matters were submitted to a vote of security holders?
The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not elaborated upon in the provided text.
Who are the newly elected directors?
The filing states that directors were elected, but the names of the newly elected directors are not specified in the provided text.
What are the details of the changes in compensatory arrangements for certain officers?
The filing mentions changes in compensatory arrangements for certain officers, but the specific details of these arrangements are not provided in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on May 10, 2024.
What is Zimmer Biomet's Standard Industrial Classification?
Zimmer Biomet's Standard Industrial Classification is ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842].
Filing Stats: 866 words · 3 min read · ~3 pages · Grade level 12.2 · Accepted 2024-05-15 17:05:14
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value ZBH New York Stock Exchan
Filing Documents
- zbh-20240510.htm (8-K) — 82KB
- zbh-ex10_1.htm (EX-10.1) — 111KB
- 0000950170-24-060580.txt ( ) — 487KB
- zbh-20240510.xsd (EX-101.SCH) — 133KB
- zbh-20240510_htm.xml (XML) — 7KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The Company held its annual meeting of shareholders on May 10, 2024. Shareholders took the following actions: elected ten (10) directors for one-year terms ending at the 2025 annual meeting of shareholders (Proposal 1); ratified the Audit Committee's appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2024 (Proposal 2); approved, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's proxy statement (Proposal 3); and approved the amended Employee Stock Purchase Plan (Proposal 4). The vote tabulation for each proposal follows: Proposal 1 – Election of Directors Nominee For Against Abstain Broker Non-Votes Christopher B. Begley 164,724,972 7,333,022 226,677 14,430,099 Betsy J. Bernard 162,760,822 9,396,081 127,768 14,430,099 Michael J. Farrell 167,518,122 4,633,274 133,275 14,430,099 Robert A. Hagemann 162,464,750 9,591,079 228,842 14,430,099 Arthur J. Higgins 166,306,021 5,846,729 131,921 14,430,099 Maria Teresa Hilado 169,774,488 2,389,765 120,418 14,430,099 Syed Jafry 170,362,310 1,786,113 136,248 14,430,099 Sreelakshmi Kolli 162,271,545 9,878,950 134,176 14,430,099 Louis Shapiro 171,579,592 573,252 131,827 14,430,099 Ivan Tornos 169,580,110 2,565,650 138,911 14,430,099 Proposal 2 – Ratification of the Appointment of the Independent Registered Public Accounting Firm For Against Abstain Broker Non-Votes 180,021,848 6,535,348 157,574 0 Proposal 3 – Advisory Vote to Approve Named Executive Officer Compensation For Against Abstain Broker Non-Votes 156,440,914 15,603,941 239,816 14,430,099 Proposal 4 – Approval of the Amended Employee Stock Purchase Plan For Against Abstain Broker Non-Votes 171,503,181 603,453 178,037 14,43
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits EXHIBIT INDEX Exhibit No. Description 10.1 Zimmer Biomet Holdings, Inc. Employee Stock Purchase Plan (as amended on May 10, 2024) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. Dated: May 15, 2024 ZIMMER BIOMET HOLDINGS, INC. By: /s/ Chad F. Phipps Name: Chad F. Phipps Title: Senior Vice President, General Counsel and Secretary