Micron Files 8-K on Shareholder Vote Submission

Ticker: MU · Form: 8-K · Filed: 2024-01-19T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, shareholder-vote

TL;DR

**Micron filed an 8-K about submitting matters to a shareholder vote, indicating upcoming corporate decisions.**

AI Summary

Micron Technology, Inc. filed an 8-K on January 19, 2024, reporting an event that occurred on January 18, 2024, related to the submission of matters to a vote of security holders. This filing indicates that the company is engaging with its shareholders on important corporate decisions, which is a standard governance practice. For investors, this matters because shareholder votes often pertain to significant issues like executive compensation, board elections, or strategic proposals, all of which can influence the company's future direction and, consequently, the stock's performance.

Why It Matters

This filing signals that Micron is moving forward with corporate governance matters requiring shareholder input, which could include decisions impacting the company's strategic direction or financial structure.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure about corporate governance and does not inherently signal a significant risk or opportunity.

Analyst Insight

A smart investor would monitor Micron's subsequent filings (like proxy statements) to understand the specific matters being put to a shareholder vote, as these could reveal strategic shifts or important governance decisions.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 18, 2024, and pertained to the 'Submission of Matters to a Vote of Security Holders'.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on January 19, 2024, as indicated by the 'FILED AS OF DATE' and 'ACCESSION NUMBER' information.

What is the trading symbol and exchange for Micron Technology, Inc.'s Common Stock?

Micron Technology, Inc.'s Common Stock trades under the symbol 'MU' on the Nasdaq Global Select Market, as stated in the 'Securities registered pursuant to Section 12(b) of the Act' section.

What is the par value of Micron Technology, Inc.'s Common Stock?

The par value of Micron Technology, Inc.'s Common Stock is $0.10 per share, as specified under 'Title of each class' in the filing.

Is Micron Technology, Inc. considered an emerging growth company according to this filing?

No, the filing indicates that Micron Technology, Inc. is not an emerging growth company, as the corresponding box is not checked under 'Indicate by check mark whether the registrant is an emerging growth company'.

Filing Stats: 742 words · 3 min read · ~2 pages · Grade level 12.9 · Accepted 2024-01-19 16:14:12

Key Financial Figures

Filing Documents

07. Submission of Matters to

Item 5.07. Submission of Matters to a Vote of Security Holders. The fiscal 2023 Annual Meeting of Stockholders (the "2023 Annual Meeting") of Micron Technology, Inc. (the "Company") was held on January 18, 2024. At the 2023 Annual Meeting, the following proposals were submitted to a vote of the Company's stockholders: Proposal 1 Each of the following nominees for Director were elected to serve on the Company's board of directors (the "Board"). Each person elected as a Director will serve until the next annual meeting of stockholders or until such person's successor is elected and qualified. FOR AGAINST ABSTAIN BROKER NON-VOTE Richard M. Beyer 763,968,865 67,200,045 836,395 75,744,721 Lynn A. Dugle 819,656,597 11,512,712 835,996 75,744,721 Steven J. Gomo 801,163,529 29,983,129 858,647 75,744,721 Linnie M. Haynesworth 820,789,464 10,396,596 819,245 75,744,721 Mary Pat McCarthy 821,850,338 9,315,625 839,342 75,744,721 Sanjay Mehrotra 812,977,284 18,241,324 786,697 75,744,721 Robert E. Switz 767,270,698 63,881,653 852,954 75,744,721 MaryAnn Wright 800,405,326 30,788,489 811,490 75,744,721 Proposal 2 The proposal by the Company to approve, on a non-binding advisory basis, the compensation of its Named Executive Officers as described in the Company's proxy statement was approved with 668,196,485 votes in favor, 162,466,833 votes against, 1,341,987 abstentions, and 75,744,721 broker non-votes. Proposal 3 The proposal by the Company to approve, on a non-binding basis, the frequency (every one, two or three years) with which its stockholders will have an advisory vote on the compensation of its Named Executive Officers was approved for one year with 820,559,280 votes. There were 391,833 votes for every two years, 10,248,557 votes for every three years, 805,635 abstentions and 75,744,721 broker non-votes. In accordance with the recommendation of the Board, as set forth in the Proxy Statement for the 2023 Annual

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