Omnicom Group Reports on Shareholder Votes and Senior Notes
Ticker: OMC · Form: 8-K · Filed: May 13, 2024 · CIK: 29989
Sentiment: neutral
Topics: debt, corporate-governance, filing
Related Tickers: OMC
TL;DR
OMC filed an 8-K detailing shareholder votes and various senior notes due 2027-2033.
AI Summary
Omnicom Group Inc. filed an 8-K on May 13, 2024, reporting on matters submitted to a vote of security holders on May 7, 2024. The filing details various senior notes due in 2027, 2031, 2032, and 2033, with coupon rates of 0.800%, 1.400%, 3.700%, and 2.250% respectively. The company also reported on its common stock with a par value of $0.15 per share.
Why It Matters
This filing provides transparency on corporate governance matters and details the terms of Omnicom's outstanding senior debt, which is crucial for investors assessing the company's financial structure and obligations.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate actions and debt instruments, not indicating any immediate financial distress or significant new risks.
Key Numbers
- 2027 — Senior Notes Maturity Year (Details the maturity of a specific debt tranche.)
- 2031 — Senior Notes Maturity Year (Details the maturity of a specific debt tranche.)
- 2032 — Senior Notes Maturity Year (Details the maturity of a specific debt tranche.)
- 2033 — Senior Notes Maturity Year (Details the maturity of a specific debt tranche.)
Key Players & Entities
- Omnicom Group Inc. (company) — Filer
- May 7, 2024 (date) — Date of earliest event reported
- May 13, 2024 (date) — Filing date
- 0.800% (dollar_amount) — Coupon rate for Senior Notes due 2027
- 1.400% (dollar_amount) — Coupon rate for Senior Notes due 2031
- 3.700% (dollar_amount) — Coupon rate for Senior Notes due 2032
- 2.250% (dollar_amount) — Coupon rate for Senior Notes due 2033
- $0.15 (dollar_amount) — Par value of common stock
FAQ
What specific matters were submitted to a vote of Omnicom Group Inc.'s security holders on May 7, 2024?
The filing indicates that matters were submitted to a vote of security holders on May 7, 2024, but the specific details of these matters are not elaborated in the provided text excerpt.
What is the coupon rate for Omnicom Group Inc.'s Senior Notes due 2027?
The Senior Notes due 2027 have a coupon rate of 0.800%.
What is the par value of Omnicom Group Inc.'s common stock?
The par value of Omnicom Group Inc.'s common stock is $0.15 per share.
When did Omnicom Group Inc. file this 8-K report?
Omnicom Group Inc. filed this 8-K report on May 13, 2024.
What are the maturity dates for the reported senior notes?
The reported senior notes have maturity dates in 2027, 2031, 2032, and 2033.
Filing Stats: 677 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-05-13 16:30:59
Key Financial Figures
- $0.15 — ch registered Common Stock, par value $0.15 per share OMC New York Stock Exchan
Filing Documents
- ea0205829-8k_omnicom.htm (8-K) — 51KB
- 0001213900-24-042352.txt ( ) — 278KB
- omc-20240507.xsd (EX-101.SCH) — 4KB
- omc-20240507_def.xml (EX-101.DEF) — 27KB
- omc-20240507_lab.xml (EX-101.LAB) — 37KB
- omc-20240507_pre.xml (EX-101.PRE) — 26KB
- ea0205829-8k_omnicom_htm.xml (XML) — 8KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. (a) Omnicom Group Inc. (the "Company") held its annual meeting of shareholders (the "Annual Meeting") on May 7, 2024. At the Annual Meeting, the Company's shareholders (i) elected 11 individuals to the Board of Directors of the Company (the "Board"), (ii) approved an advisory resolution to approve executive compensation, and (iii) ratified the appointment of KPMG LLP as the Company's independent auditors for the fiscal year ending December 31, 2024. The proposals are described in more detail in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 28, 2024 (the "Proxy Statement"). (b) Proposal 1 The Company's shareholders elected 11 individuals to the Board as set forth below: Name Votes For Votes Against Abstentions Broker Non-Votes John D. Wren 156,920,172 8,029,806 72,872 13,172,491 Mary C. Choksi 158,201,727 6,747,999 73,125 13,172,491 Leonard S. Coleman, Jr. 149,180,405 9,646,540 6,195,905 13,172,491 Mark D. Gerstein 164,283,484 675,524 63,843 13,172,491 Ronnie S. Hawkins 162,122,555 2,835,464 64,832 13,172,491 Deborah J. Kissire 152,326,506 12,588,615 107,729 13,172,491 Gracia C. Martore 161,225,160 3,725,351 72,340 13,172,491 Patricia Salas Pineda 162,481,755 2,470,062 71,033 13,172,491 Linda Johnson Rice 151,992,663 6,793,652 6,236,536 13,172,491 Cassandra Santos 164,819,955 128,255 74,641 13,172,491 Valerie M. Williams 152,292,188 12,624,563 106,099 13,172,491 Proposal 2 The Company's shareholders approved an advisory resolution on the compensation of the Company's named executive officers as reported in the Proxy Statement. Votes For Votes Against Abstentions Broker Non-Votes 149,367,304 15,491,241 164,306 13,172,491 Proposal 3 The Company's shareholders ratified the appointment of KPMG L
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. Omnicom Group Inc. Date: May 13, 2024 By: /s/ Louis F. Januzzi Name: Louis F. Januzzi Title: Senior Vice President, General Counsel and Secretary 2