Organon (NYSE: OGN) holders back amended 2021 incentive plan adding 8M shares
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Organon & Co. reported that stockholders approved an amended and restated 2021 Incentive Stock Plan at the 2026 Annual Meeting held on June 9, 2026. The plan increases the number of shares of common stock available for equity awards by 8,000,000 shares.
At the meeting, there were 262,600,862 outstanding shares entitled to vote, and 202,635,304 shares were present in person or by proxy, representing approximately 77% of the shares outstanding and entitled to vote. Stockholders elected all listed director nominees and acted on the remaining proposals as described in the proxy statement.
Positive
- None.
Negative
- None.
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.
Key Figures
Incentive plan share increase: 8,000,000 shares
Shares outstanding entitled to vote: 262,600,862 shares
Shares present at meeting: 202,635,304 shares
+5 more
8 metrics
Incentive plan share increase
8,000,000 shares
Added to 2021 Incentive Stock Plan
Shares outstanding entitled to vote
262,600,862 shares
Outstanding and entitled to vote at 2026 Annual Meeting
Shares present at meeting
202,635,304 shares
Present in person or by proxy at 2026 Annual Meeting
Quorum percentage
77%
Portion of outstanding and entitled shares represented
Votes for Ramona Sequeira
146,867,855 votes
Director election, votes for nominee
Votes against Ramona Sequeira
3,570,343 votes
Director election, votes against nominee
Broker non-votes (director elections)
50,761,713 votes
Broker non-votes on director election proposals
Votes for final proposal
196,889,135 votes
For votes on fourth listed proposal
Key Terms
Amended and Restated 2021 ISP, Incentive Stock Plan, broker-non vote, emerging growth company, +1 more
5 terms
Amended and Restated 2021 ISP financial
"The Amended and Restated 2021 ISP increases the number of shares of the Company’s common stock available for issuance thereunder by 8,000,000 shares."
Incentive Stock Plan financial
"approved an amendment and restatement of the Organon & Co. 2021 Incentive Stock Plan (the “Amended and Restated 2021 ISP”)"
broker-non vote financial
"A broker-non vote occurs when a broker, bank, or other nominee holding shares for a beneficial owner does not vote on a particular proposal"
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Proxy Statement regulatory
"The complete text of the Amended and Restated 2021 ISP is set forth in the Company’s definitive proxy statement on Schedule 14A filed"
A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.
FAQ
What did Organon (OGN) stockholders approve at the 2026 Annual Meeting?
Organon stockholders approved an amended and restated 2021 Incentive Stock Plan, increasing shares available for equity awards by 8,000,000. The plan had been previously approved by the Board, subject to stockholder approval, and is detailed in the company’s April 24, 2026 proxy statement.
What was the quorum at Organon’s 2026 Annual Meeting of stockholders?
A total of 202,635,304 Organon shares were present in person or by proxy, representing approximately 77% of shares outstanding and entitled to vote. This level of participation satisfied quorum requirements for conducting official stockholder business.
Were Organon’s director nominees elected at the 2026 Annual Meeting?
Yes, all listed Organon director nominees received substantial support and were elected. For example, nominee Ramona Sequeira received 146,867,855 votes for, 3,570,343 against, and 1,435,393 abstentions, with 50,761,713 broker non-votes recorded.
Where can investors find the full text of Organon’s Amended and Restated 2021 Incentive Stock Plan?
The complete text of Organon’s Amended and Restated 2021 Incentive Stock Plan appears as Appendix B to the company’s definitive proxy statement on Schedule 14A filed on April 24, 2026, and is incorporated by reference as Exhibit 10.1 to this report.