ESAB 8-K
ESAB Corp (ESAB)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On May 11, 2023, ESAB Corporation (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”), at which four proposals were submitted to the Company’s stockholders. The proposals are described in detail in the Company’s Proxy Statement for the Annual Meeting filed with the Securities and Exchange Commission on March 31, 2023. The final results for each proposal are set forth below:
Proposal 1: Election of Directors
The Company’s stockholders elected three Class I directors to the Company’s Board of Directors (to hold office until the Company’s 2026 Annual Meeting of stockholders and until their respective successors are elected and qualified). The votes regarding this proposal were as follows:
| Nominee |
For | Against | Abstain | Broker Non-Votes | ||||||||||||
| Mitchell P. Rales |
55,593,588 | 368,680 | 22,202 | 1,236,770 | ||||||||||||
| Stephanie M. Phillipps |
55,158,750 | 803,429 | 22,291 | 1,236,770 | ||||||||||||
| Didier Teirlinck |
54,901,248 | 1,060,859 | 22,363 | 1,236,770 | ||||||||||||
Proposal 2: Ratification of Appointment of Independent Registered Accounting Firm
The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. The votes regarding this proposal were as follows:
| For |
Against |
Abstain |
Broker Non-Votes | |||
| 57,177,006 | 18,908 | 25,326 | — |
Proposal 3: Advisory Vote on the Executive Compensation of the Named Executive Officers
The Company’s stockholders approved, by non-binding advisory vote, the compensation of the Company’s named executive officers. The votes regarding this proposal were as follows:
| For |
Against |
Abstain |
Broker Non-Votes | |||
| 54,251,295 | 1,700,714 | 32,461 | 1,236,770 |
Proposal 4: Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation
The Company’s stockholders voted, on a non-binding advisory basis, on the frequency of future advisory votes on the compensation of the Company’s named executive officers. The votes regarding this proposal were as follows:
| One Year |
Two Years |
Three Years |
Abstain |
Broker Non- | ||||
| 53,695,530 | 41,606 | 2,220,853 | 26,481 | 1,236,770 |
Based on these results, and consistent with the recommendation of the Board, the Board has determined that the Company will conduct future advisory votes on the compensation of the Company’s named executive officers every year. Accordingly, the next advisory vote on the compensation of the Company’s named executive officers will be held at the Company’s 2024 Annual Meeting of Stockholders.
2
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 thereunto duly authorized.
Date: May 16, 2023
| ESAB CORPORATION | ||
| By: | /s/ Kevin Johnson | |
| Name: Kevin Johnson | ||
| Title: Chief Financial Officer | ||