Stryker Corp Files 8-K on Security Holder Votes and Debt
Ticker: SYK · Form: 8-K · Filed: 2024-05-14T00:00:00.000Z
Sentiment: neutral
Topics: debt, corporate-governance
TL;DR
Stryker filed an 8-K detailing votes and various senior unsecured notes maturing through 2031.
AI Summary
Stryker Corporation filed an 8-K on May 14, 2024, reporting on matters submitted to a vote of security holders as of May 9, 2024. The filing details various senior unsecured notes with different maturity dates and interest rates, including notes due in 2024, 2027, 2028, 2029, 2030, and 2031.
Why It Matters
This filing provides transparency into Stryker Corporation's financial obligations and corporate governance activities, which are important for investors to assess the company's financial health and decision-making processes.
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 operational changes.
Key Numbers
- 2024 — Note Maturity Year (Represents a maturing debt obligation for Stryker.)
- 2031 — Note Maturity Year (Represents the longest-dated senior unsecured note mentioned in the filing.)
Key Players & Entities
- STRYKER CORP (company) — Registrant
- May 9, 2024 (date) — Earliest event reported
- May 14, 2024 (date) — Date of report
- 0.250% Due 2024 (dollar_amount) — Senior Unsecured Notes maturity and interest rate
- 2.125% Due 2027 (dollar_amount) — Senior Unsecured Notes maturity and interest rate
- 3.375% Due 2028 (dollar_amount) — Senior Unsecured Notes maturity and interest rate
- 0.750% Due 2029 (dollar_amount) — Senior Unsecured Notes maturity and interest rate
- 2.625% Due 2030 (dollar_amount) — Senior Unsecured Notes maturity and interest rate
- 1.000% Due 2031 (dollar_amount) — Senior Unsecured Notes maturity and interest rate
FAQ
What specific matters were submitted to a vote of security holders on May 9, 2024?
The filing does not specify the exact matters voted on, only that it is a report on 'Submission of Matters to a Vote of Security Holders'.
What is the interest rate on the Senior Unsecured Notes due in 2027?
The interest rate for the Senior Unsecured Notes due 2027 is 2.125%.
When did Stryker Corporation file this 8-K report?
Stryker Corporation filed this 8-K report on May 14, 2024.
What is the earliest date of the events reported in this filing?
The earliest date of the events reported is May 9, 2024.
What is the fiscal year end for Stryker Corporation?
Stryker Corporation's fiscal year ends on December 31.
Filing Stats: 614 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-05-14 16:43:59
Filing Documents
- syk-20240509.htm (8-K) — 55KB
- syk-20240509_g1.jpg (GRAPHIC) — 45KB
- 0000310764-24-000081.txt ( ) — 349KB
- syk-20240509.xsd (EX-101.SCH) — 4KB
- syk-20240509_def.xml (EX-101.DEF) — 18KB
- syk-20240509_lab.xml (EX-101.LAB) — 33KB
- syk-20240509_pre.xml (EX-101.PRE) — 19KB
- syk-20240509_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 At the Company's Annual Meeting of Shareholders held on May 9, 2024, shareholders voted on four proposals and cast their votes as follows: 1) All ten directors were elected to serve until the next Annual Meeting of Shareholders and until their successors have been duly elected and qualified based upon the following votes: Shares Name For Against Abstain Broker Non-Votes Mary K. Brainerd 302,373,805 3,018,189 338,081 27,028,775 Giovanni Caforio, M.D. 304,043,651 1,298,642 387,782 27,028,775 Allan C. Golston 294,701,607 10,702,131 326,337 27,028,775 Kevin A. Lobo 291,946,719 12,953,199 830,157 27,028,775 Sherilyn S. McCoy 297,836,451 7,580,500 313,124 27,028,775 Rachel Ruggeri 304,909,652 428,014 392,409 27,028,775 Andrew K. Silvernail 298,487,699 6,840,994 401,382 27,028,775 Lisa M. Skeete Tatum 301,698,000 3,583,716 448,359 27,028,775 Ronda E. Stryker 298,117,450 7,345,423 267,202 27,028,775 Rajeev Suri 302,013,611 3,318,558 397,906 27,028,775 2) The appointment of Ernst & Young LLP as our independent registered public accounting firm for 2024 was ratified based upon the following votes: Shares For Against Abstain 306,622,353 25,829,393 307,104 3) The advisory vote on the resolution relating to compensation of our named executive officers was approved based upon the following votes: Shares For Against Abstain Broker Non-Votes 277,838,598 27,264,023 627,454 27,028,775 4) The shareholder proposal related to transparency in political spending was not approved based upon the following votes: Shares For Against Abstain Broker Non-Votes 113,859,053 190,289,960 1,581,062 27,028,775
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. STRYKER CORPORATION (Registrant) Date: May 14, 2024 /s/ ROBERT S. FLETCHER Robert S. Fletcher Vice President, Chief Legal Officer