8-K
Teladoc Health, Inc. (TDOC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 22, 2025
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Teladoc Health, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware<br><br>(State or other jurisdiction of<br><br>incorporation) | 001-37477<br><br>(Commission File Number) | 04-3705970<br><br>(I.R.S. Employer Identification No.) |
|---|---|---|
| 155 E 44th Street Floor 17<br><br>New York, NY 10017 | ||
| (Address of principal executive offices and zip code) | ||
| (203) 635-2002 | ||
| (Registrant's telephone number, including area code) | ||
| 2 Manhattanville Road, Suite 203<br><br>Purchase, NY 10577 | ||
| (Former address) |
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||
|---|---|---|---|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | Securities registered pursuant to Section 12(b) of the Act: | |||
| --- | --- | --- | |||
| Title of each class | Trading Symbol | Name of each exchange on which registered | |||
| Common stock, par value $0.001 per share | TDOC | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of Teladoc Health, Inc. (the “Company”) was held on May 22, 2025. At the Annual Meeting, the Company’s stockholders approved an amendment (the “Amendment”) to the Teladoc Health, Inc. 2023 Incentive Award Plan (the “Incentive Award Plan”) to increase the number of shares of the Company’s common stock, par value $0.001, available for issuance under the Incentive Award Plan by 6,850,000 shares. A description of the material terms of the the Incentive Award Plan and the Amendment was included in the Company’s Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on, and distributed to its stockholders commencing on or about, April 8, 2025 in connection with the Annual Meeting (the “Proxy Statement”), and is incorporated herein by reference into this Item 5.02 of this Current Report on Form 8-K. The foregoing summary is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company previously filed with the Securities and Exchange Commission the Proxy Statement and related materials pertaining to the Annual Meeting, which describe in detail each of the four proposals submitted to stockholders at the Annual Meeting. The final results for the votes regarding each proposal are set forth below.
Proposal 1 — Election of Directors
The stockholders of the Company elected each of the following director nominees proposed by the Company’s Board of Directors to serve until the 2026 Annual Meeting of Stockholders of the Company and until their respective successors have been duly elected and qualified. The voting results for each director nominee are set forth below.
| Name | For | Against | Abstentions | Broker Non-Votes |
|---|---|---|---|---|
| Charles Divita, III | 82,012,996 | 1,372,695 | 136,044 | 38,830,740 |
| J. Eric Evans | 80,758,680 | 2,617,669 | 145,386 | 38,830,740 |
| Sandra L. Fenwick | 80,447,338 | 2,890,142 | 184,255 | 38,830,740 |
| Catherine A. Jacobson | 81,798,568 | 1,577,599 | 145,568 | 38,830,740 |
| Thomas G. McKinley | 80,114,045 | 3,261,280 | 146,410 | 38,830,740 |
| Kenneth H. Paulus | 72,437,812 | 10,937,509 | 146,414 | 38,830,740 |
| David L. Shedlarz | 80,808,831 | 2,570,931 | 141,973 | 38,830,740 |
| Mark Douglas Smith, M.D., MBA | 80,417,521 | 2,915,347 | 188,867 | 38,830,740 |
| David B. Snow, Jr. | 63,470,821 | 19,907,624 | 143,290 | 38,830,740 |
Proposal 2 — Advisory Vote Approving the Compensation of the Company’s Named Executive Officers
The stockholders of the Company approved, on an advisory basis, the compensation paid to the Company’s named executive officers. The voting results are set forth below.
| For | Against | Abstentions | Broker Non-Votes |
|---|---|---|---|
| 61,160,355 | 22,179,678 | 181,702 | 38,830,740 |
Proposal 3 — Approving an Amendment to the Teladoc Health, Inc. 2023 Incentive Award Plan
The stockholders of the Company approved an amendment to the Teladoc Health, Inc. 2023 Incentive Award Plan. The voting results are set forth below.
| For | Against | Abstentions | Broker Non-Votes |
|---|---|---|---|
| 57,223,616 | 26,144,887 | 153,232 | 38,830,740 |
Proposal 4 — Ratifying the Appointment of the Independent Registered Public Accounting Firm
The stockholders of the Company ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The voting results are set forth below.
| For | Against | Abstentions | Broker Non-Votes |
|---|---|---|---|
| 119,901,096 | 1,578,694 | 872,685 | N/A |
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 10.1 | First Amendment to Teladoc Health, Inc. 2023 Incentive Award Plan. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
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.
Date: May 23, 2025
| Teladoc Health, Inc. | |
|---|---|
| By: | /s/ Adam C. Vandervoort |
| Name: | Adam C. Vandervoort |
| Title: | Chief Legal Officer and Secretary |
Document
Exhibit 10.1
FIRST AMENDMENT TO
TELADOC HEALTH, INC.
2023 INCENTIVE AWARD PLAN
The 2023 Incentive Award Plan (the “Plan”) of Teladoc Health, Inc., a Delaware corporation (the “Company”), is hereby amended, subject to the approval of the Company’s shareholders, effective as of May 22, 2025 (the “Amendment Effective Date”), as follows:
1.Amendment to Section 11.26 of the Plan. Section 11.26 of the Plan is hereby deleted and replaced in its entirety with the following:
“Overall Share Limit” means the sum of (i) 15,100,000 Shares (from the Effective Date), (ii) the aggregate number of shares available for issuance under each of the Prior Plans as of the Effective Date and (iii) any shares of Common Stock which are subject to Prior Plan Awards which become available for issuance under the Plan pursuant to Article IV.”
2.Effect on the Plan. This Amendment shall not constitute a waiver, amendment or modification of any provision of the Plan not expressly referred to herein. Except as expressly amended or modified herein, the provisions of the Plan are and shall remain in full force and effect and are hereby ratified and confirmed. On and after the Amendment Effective Date, each reference in the Plan to “this Plan,” “herein,” “hereof,” “hereunder” or words of similar import shall mean and be a reference to the Plan as amended hereby. To the extent that a provision of this Amendment conflicts with or differs from a provision of the Plan, such provision of this Amendment shall prevail and govern for all purposes and in all respects.