8-KThe WireRed Alert
Executive Change · Shareholder Vote
Filed May 12, 2021 · 5y ago · Accession 0001193125-21-159016
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 11, 2021
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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers .
(e) Third Amended and Restated WW International, Inc. 2014 Stock Incentive Plan
On May 11, 2021, WW International, Inc. (the “Company”) held its 2021 annual meeting of shareholders (the “Annual Meeting”) at which the Company’s shareholders approved the Third Amended and Restated WW International, Inc. 2014 Stock Incentive Plan (as further amended and restated, the “A&R 2014 Plan”). The A&R 2014 Plan (i) increases the number of shares of common stock, no par value per share, of the Company with respect to which awards may be granted under the plan by 4,000,000 shares, (ii) extends the term of the plan for ten years from the date on which the Board of Directors approved the A&R 2014 Plan and (iii) makes certain technical edits to the plan (including the removal of provisions that are no longer necessary due to the 2017 amendments to Section 162(m) of the Internal Revenue Code and the removal of provisions related to the one-time stock option exchange program that was implemented in 2015). The material features of the A&R 2014 Plan are described in the section entitled “Proposal 3 Approval of the Company’s Third Amended and Restated 2014 Stock Incentive Plan” on pages 9 through 16 of the Company’s Definitive Proxy Statement on Schedule 14A filed on April 6, 2021 in connection with the Annual Meeting, which pages are incorporated herein by reference. A copy of the A&R 2014 Plan is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders .
At the Annual Meeting, the Company’s shareholders (1) elected the persons listed below to serve as Class II directors for a term of three years expiring at the Company’s 2024 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 2021; (3) approved the A&R 2014 Plan; 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 II directors for a term of three years expiring at the Company’s 2024 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
Denis F. Kelly
56,876,634
298,305
5,812,843
Julie Rice
56,231,297
943,642
5,812,843
Christopher J. Sobecki
54,086,850
3,088,089
5,812,843
Oprah Winfrey
54,754,147
2,420,792
5,812,843
2.
Ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal 2021:
Votes For
Votes Against
Abstentions
Broker Non-Votes
62,057,747
781,478
148,557
N/A
3.
Approval of the A&R 2014 Plan:
Votes For
Votes Against
Abstentions
Broker Non-Votes
43,700,067
13,353,454
121,418
5,812,843
4.
Advisory vote to approve the Company’s named executive officer compensation:
Votes For
Votes Against
Abstentions
Broker Non-Votes
43,975,815
13,009,322
189,802
5,812,843
Item 9.01 Financial
Statements and Exhibits .
(d) Exhibits.
Exhibit
Description
Exhibit 10.1
Third Amended and Restated WW International, Inc. 2014 Stock Incentive Plan.
2
Exhibit 99.1
The section entitled “Proposal 3 Approval of the Company’s Third Amended and Restated 2014 Stock Incentive Plan” appearing on pages 9-16 of the Company’s Definitive Proxy Statement on Schedule 14A filed on April 6, 2021 is incorporated herein by reference.
Exhibit 104
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
3
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 12, 2021
By:
/s/ Amy O’Keefe
Name:
Amy O’Keefe
Title:
Chief Financial Officer
4
Filing details
- Company
- WW INTERNATIONAL, INC.
- Ticker
- WW
- CIK
- 105319
- Form type
- 8-K
- Filing date
- May 12, 2021
- Report date
- May 11, 2021
- Document
- d466784d8k.htm
- Size
- 274 KB