Woodward Files 8-K on Shareholder Vote Submission
Ticker: WWD · Form: 8-K · Filed: Jan 26, 2024 · CIK: 108312
Complexity: simple
Sentiment: neutral
Topics: shareholder-vote, corporate-governance, 8-K
TL;DR
**WWD just held a shareholder vote, results pending.**
AI Summary
Woodward, Inc. filed an 8-K on January 26, 2024, to report that it submitted matters to a vote of security holders on January 24, 2024. This filing, under Item 5.07, indicates that the company held its annual meeting or a special meeting where shareholders voted on various proposals. For investors, this matters because the outcomes of these votes, which are not detailed in this specific filing but will be in a subsequent one, can impact corporate governance, executive compensation, or other strategic decisions, potentially affecting the stock's future performance.
Why It Matters
This filing signals that Woodward, Inc. has completed a shareholder vote, and the results, once disclosed, will reveal key decisions made by its owners regarding company direction and leadership.
Risk Assessment
Risk Level: low — This filing is purely procedural, reporting the submission of matters to a vote, not the results or any adverse events.
Analyst Insight
A smart investor would await the subsequent 8-K filing that will disclose the actual results of the shareholder vote to understand any potential impacts on corporate governance or strategic direction before making investment decisions.
Key Numbers
- $0.001455 — Par Value per Share (The par value of Woodward, Inc.'s Common Stock.)
Key Players & Entities
- Woodward, Inc. (company) — the registrant filing the 8-K
- January 24, 2024 (date) — date of earliest event reported (shareholder vote)
- January 26, 2024 (date) — date the 8-K was filed
- Delaware (company) — state of incorporation for Woodward, Inc.
- Nasdaq Global Select Market (company) — exchange where Woodward, Inc.'s common stock is registered
- $0.001455 (dollar_amount) — par value per share of Common Stock
Forward-Looking Statements
- Woodward, Inc. will file another 8-K detailing the results of the shareholder vote. (Woodward, Inc.) — high confidence, target: Within 4 business days of the vote (January 24, 2024)
FAQ
What is the purpose of this 8-K filing by Woodward, Inc.?
This 8-K filing, dated January 26, 2024, is filed under Item 5.07, 'Submission of Matters to a Vote of Security Holders,' indicating that Woodward, Inc. submitted matters to a vote of its security holders on January 24, 2024.
When did the event reported in this 8-K take place?
The earliest event reported in this 8-K, the submission of matters to a vote of security holders, occurred on January 24, 2024.
What is the trading symbol and exchange for Woodward, Inc.'s common stock?
Woodward, Inc.'s common stock trades under the symbol 'WWD' on the Nasdaq Global Select Market.
What is the state of incorporation for Woodward, Inc.?
Woodward, Inc. is incorporated in Delaware.
Does this 8-K filing disclose the results of the shareholder vote?
No, this 8-K filing only reports the submission of matters to a vote of security holders. It does not disclose the results of the vote.
Filing Stats: 572 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-01-26 12:59:31
Key Financial Figures
- $0.001455 — ch registered Common Stock, par value $0.001455 per share WWD Nasdaq Global Select
Filing Documents
- wwd-20240124.htm (8-K) — 49KB
- 0000950170-24-007783.txt ( ) — 156KB
- wwd-20240124.xsd (EX-101.SCH) — 23KB
- wwd-20240124_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. On January 24, 2024, Woodward, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”). The stockholders considered three proposals, each of which is described more fully in the Company’s proxy statement for the 2023 Annual Meeting. Set forth below are the final voting results on each matter submitted to a vote of the Company’s stockholders for the 2023 Annual Meeting. All vote totals have been rounded to the nearest whole share. Proposal 1. Election of three directors for a three-year term to hold office until the Company’s 2026 Annual Meeting to be held in or about January 2027: For Against Abstain Broker Non-Votes Charles P. Blankenship 45,909,926 3,275,331 127,445 5,655,789 John D. Cohn 46,455,808 2,716,807 140,087 5,655,789 Daniel G. Korte 46,008,112 3,163,715 140,875 5,655,789 Proposal 2. Advisory resolution regarding the compensation of the Company’s named executive officers: For 46,494,750 Against 2,610,876 Abstain 207,077 Broker Non-Votes 5,655,789 Proposal 3. Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year ending September 30, 2024: For 53,447,288 Against 1,435,982 Abstain 85,222 Broker Non-Votes 0 Pursuant to the foregoing, the three nominees were elected to serve on the Company’s Board of Directors, and Proposals 2 and 3 were each approved.
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: January 26, 2024 WOODWARD, INC. By: /s/ A. Christopher Fawzy A. Christopher Fawzy Executive Vice President, General Counsel, Chief Compliance Officer and Secretary