Manhattan Associates Inc DEFR14A, filed Apr 6, 2023
Manhattan Associates Inc (MANH)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
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2300 Windy Ridge Parkway, Tenth Floor
Atlanta, Georgia 30339
Proxy Statement
AMENDMENT NO. 1
Annual Meeting of Shareholders
May 11, 2023
EXPLANATORY NOTE
On March 28, 2023, Manhattan Associates, Inc. filed with the Securities and Exchange Commission its definitive proxy statement for the 2023 Annual Meeting of Shareholders to be held on May 11, 2023 (the “Proxy Statement”).
Except as specifically discussed herein, this Amendment does not otherwise modify or update any other disclosures presented in the Proxy Statement. This Amendment should be read in conjunction with the Proxy Statement.
The date of this Amendment No. 1 is April 6, 2023.
AMENDMENTS
“Those components are Target Revenue (consolidated revenue excluding hardware sales and billed travel), new annual contract value from cloud solutions (NACV) and adjusted operating income (AOI) (see complete definitions on page 36).”
“As defined in the program, “Target Revenue” is, in effect, consolidated revenue excluding revenue from hardware sales and billed travel, to minimize risk of low margin revenue lines skewing incentive plan payout percentages.”
and
“For 2022, the Compensation Committee determined to include cloud solutions revenue in the Target Revenue measure rather than exclude it because cloud solutions revenue had become the second largest revenue source.”