Concentrix (NASDAQ: CNXC) investors approve 3.7M-share increase to 2020 stock plan
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Concentrix Corporation reported results of its 2026 annual stockholder meeting. Stockholders approved an amendment to the Concentrix Corporation Amended and Restated 2020 Stock Incentive Plan to increase the number of shares available for issuance thereunder by 3,700,000 shares.
They also elected nine directors for terms expiring at the 2027 annual meeting and ratified Ernst & Young LLP as independent registered public accounting firm for fiscal year 2026. In an advisory vote, stockholders approved the compensation of the company’s named executive officers.
Positive
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8-K Event Classification
3 items: 5.02, 5.07, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did Concentrix (CNXC) stockholders approve regarding the 2020 Stock Incentive Plan?
Concentrix stockholders approved an amendment to the 2020 Stock Incentive Plan, increasing shares available for issuance by 3,700,000 shares. This expands the pool used for equity awards to employees, directors, and other eligible participants under the plan.
Which directors were elected at Concentrix’s 2026 annual meeting?
Stockholders elected nine directors to serve until the 2027 annual meeting. Nominees included Christopher Caldwell, Chih-Kai Cheng, LaVerne H. Council, Jennifer Deason, Kathryn Hayley, Kathryn Marinello, Bilge Ogut, Dennis Polk, and Ann Vezina, each receiving a majority of votes cast.
Who is Concentrix’s independent auditor for fiscal year 2026?
Stockholders ratified Ernst & Young LLP as Concentrix’s independent registered public accounting firm for fiscal year 2026. The ratification received 56,049,937 votes for, 453,129 against, and 100,184 abstentions, with no broker non-votes reported on this proposal.
How did Concentrix (CNXC) stockholders vote on executive compensation?
In an advisory vote, stockholders approved Concentrix’s named executive officer compensation, with 50,867,486 votes for, 1,372,520 against, and 73,155 abstentions, along with 4,290,089 broker non-votes. This reflects support for the company’s disclosed pay practices.
What were the vote results on the Concentrix 2020 Plan amendment?
The amendment to increase shares under the 2020 Stock Incentive Plan received 36,462,977 votes for, 15,803,365 against, and 46,819 abstentions, with 4,290,089 broker non-votes. This approval expands the equity pool available for future incentive awards.
When was the Concentrix 2026 annual stockholder meeting held?
Concentrix held its 2026 annual meeting of stockholders on March 25, 2026. At this meeting, stockholders voted on director elections, auditor ratification, advisory approval of executive compensation, and the amendment to the 2020 Stock Incentive Plan increasing available shares.