8-KThe WireRed Alert
Executive Change · Shareholder Vote
Filed May 2, 2024 · 2y ago · Accession 0001104659-24-056371
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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 1, 2024
TENNANT
COMPANY
(Exact name of registrant as specified in its charter)
Minnesota
1-16191
41-0572550
(State or other
jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
10400 Clean Street
Eden Prairie , Minnesota
55344
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code
( 763 ) 540-1200
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 ( see General Instruction A.2. below):
¨ 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(s)
Name of each exchange on which
registered
Common Stock, par value $0.375 per share
TNC
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.
As disclosed in more detail
below under Item 5.07, at the Annual Meeting of Shareholders on May 1, 2024 (the “2024 Annual Meeting”), the shareholders
of Tennant Company (the “Company”) approved the Tennant Company Amended and Restated 2020 Stock Incentive Plan (the “Amended
2020 Plan”). The Amended 2020 Plan includes the following material changes: (i) increases the shares available for issuance
under the plan by 1,100,000 shares, (ii) extends the term of the plan to May 1, 2034, and (iii) removes certain limitations
on the maximum number of shares that can be granted under awards to any one participant in any calendar year because the limitation is
no longer required following changes to Section 162(m) of the Internal Revenue Code. The material terms of the Amended 2020
Plan are described in the Company’s proxy statement for the 2024 Annual Meeting filed on March 21, 2024, which description
is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security
Holders.
The Company held the 2024 Annual Meeting for purposes
of electing two directors, ratifying the appointment of Deloitte & Touche LLP as the independent registered public accounting
firm of the Company for the year ending December 31, 2024, providing advisory approval on executive compensation, and approving the
Tennant Company Amended and Restated 2020 Stock Incentive Plan. Results of shareholder voting on these matters were as follows:
For
Against
Abstain
Broker
Non-Vote
1. Each of the following two Class II directors was elected for a three-year term expiring in 2027, such that the total number of directors is eight:
Azita Arvani
15,906,386
612,765
7,180
848,739
Timothy R. Morse
16,389,920
129,091
7,320
848,739
For
Against
Abstain
Broker
Non-Vote
2. The appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2024 was ratified.
17,354,297
13,688
7,085
For
Against
Abstain
Broker
Non-Vote
3. Advisory approval of executive compensation was received.
15,768,918
747,098
10,315
848,739
For
Against
Abstain
Broker
Non-Vote
4. The Tennant Company Amended and Restated 2020 Stock Incentive Plan was approved.
15,287,246
1,229,167
9,918
848,739
There were 19,006,003 shares of common stock entitled
to vote at the 2024 Annual Meeting and a total of 17,375.070 (91.41%) shares were represented at the meeting.
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 hereunto duly authorized.
Tennant Company
Date: May 2, 2024
By:
/s/ Kristin A. Erickson
Kristin A. Erickson
Senior Vice President, General Counsel and Corporate Secretary
3
Filing details
- Company
- TENNANT CO
- Ticker
- TNC
- CIK
- 97134
- Form type
- 8-K
- Filing date
- May 2, 2024
- Report date
- May 1, 2024
- Document
- tm2413353d1_8k.htm
- Size
- 208 KB