8-KThe WireRoutine
Shareholder Vote · Company Update
Filed May 7, 2020 · 6y ago · Accession 0001193125-20-136211
Plain English
Material event — a significant development the company must disclose promptly.
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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 6, 2020
WW INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Virginia
001-16769
11-6040273
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
675 Avenue of the Americas , 6 th Floor , New York , New York
10010
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (212) 589-2700
Not Applicable
(Former name or former address, if changed since last report)
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(s)
Name of each exchange
on which registered
Common Stock, no par value
WW
The Nasdaq Stock Market LLC
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 5.07.
Submission of Matters to a Vote of Security Holders .
WW International, Inc. (the “Company”) held its 2020 annual meeting of shareholders on May 6, 2020. At this meeting, the Company’s shareholders (1) elected the persons listed below to serve as Class I directors for a term of three years expiring at the Company’s 2023 annual meeting of shareholders and until their successors have been duly elected and qualified or until the earlier of their resignation, removal, retirement, disqualification or death; (2) ratified the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal 2020; (3) approved the option agreement with Ms. Oprah Winfrey (the “Winfrey Option Shareholder Approval”); and (4) approved, on an advisory basis, the Company’s named executive officer compensation. Set forth below are the voting results for these proposals.
1.
Election of four Class I directors for a term of three years expiring at the Company’s 2023 annual meeting of shareholders and until their successors have been duly elected and qualified or until the earlier of their resignation, removal, retirement, disqualification or death:
Nominee Name
Votes For
Votes Withheld
Broker Non-Votes
Raymond Debbane
51,209,108
901,838
7,878,087
Tracey D. Brown
51,914,263
196,683
7,878,087
Jennifer Dulski
52,025,355
85,591
7,878,087
Jonas M. Fajgenbaum
51,779,345
331,601
7,878,087
2.
Ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal 2020:
Votes For
Votes Against
Abstentions
Broker Non-Votes
59,595,638
353,503
39,892
N/A
3.
Approval of the option agreement with Ms. Oprah Winfrey:
Votes For
Votes Against
Abstentions
Broker Non-Votes
50,504,434
1,589,306
17,207
7,878,087
4.
Advisory vote to approve the Company’s named executive officer compensation:
Votes For
Votes Against
Abstentions
Broker Non-Votes
48,853,095
3,206,715
51,136
7,878,087
Item 8.01.
Other Events .
As a result of the Winfrey Option Shareholder Approval referenced above, in the second quarter of fiscal 2020, the Company will record a one-time charge of approximately $32.7 million based in part on the per share value of the Company’s common stock, no par value per share (the “Common Stock”), on May 6, 2020. As previously disclosed, on December 15, 2019, the Company granted Ms. Winfrey a fully vested option, pursuant to the terms of the option agreement referenced above, to purchase 3,276,484 shares of Common Stock at an exercise price of $38.84 per share, subject to approval by the Company’s shareholders.
2
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.
WW INTERNATIONAL, INC.
DATED: May 7, 2020
By:
/s/ Nicholas P. Hotchkin
Name:
Nicholas P. Hotchkin
Title:
Chief Financial Officer, Operating Officer, North America and President, Emerging Markets
3
Filing details
- Company
- WW INTERNATIONAL, INC.
- Ticker
- WW
- CIK
- 105319
- Form type
- 8-K
- Filing date
- May 7, 2020
- Report date
- May 6, 2020
- Document
- d926209d8k.htm
- Size
- 163 KB