Pattern Group (PTRN) Board adopts annual Say-on-Pay advisory vote frequency
Filing Impact
Filing Sentiment
Form Type
8-K/A
Rhea-AI Filing Summary
Pattern Group Inc. filed an amended report to disclose its Board of Directors’ decision on how often shareholders will vote on executive pay. After stockholders indicated a preference at the 2026 annual meeting, the Board chose to hold advisory Say-on-Pay votes every year.
The company plans to maintain this annual Say-on-Pay schedule until the next required Say-on-Frequency vote, which will occur no later than the 2032 annual meeting, or until the Board sets a different frequency.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
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.
Key Figures
Say-on-Pay vote frequency: Annual
Next Say-on-Frequency deadline: 2032 annual meeting
2 metrics
Say-on-Pay vote frequency
Annual
Board decision following 2026 annual meeting
Next Say-on-Frequency deadline
2032 annual meeting
Latest timing for next frequency vote
Key Terms
Say-on-Pay Vote, Say-on-Frequency Proposal, Item 5.07, non-binding stockholder advisory votes
4 terms
Say-on-Pay Vote financial
"non-binding stockholder advisory votes on the compensation of our named executive officers (the “Say-on-Pay Vote”)"
A say-on-pay vote is a shareholder advisory vote on a company’s executive compensation package, usually held at the annual meeting to approve or voice disapproval of how top managers are paid. Think of it as a feedback button for owners: while the vote is often nonbinding, a strong negative outcome warns of governance problems, can force pay-policy changes, damage board credibility and ultimately influence long-term shareholder returns.
Say-on-Frequency Proposal financial
"whether non-binding stockholder advisory votes on the compensation of our named executive officers ... should be held every one, two, or three years (the “Say-on-Frequency Proposal”)"
Item 5.07 regulatory
"to disclose, in accordance with Item 5.07(d) of , the decision of our Board of Directors"
non-binding stockholder advisory votes financial
"non-binding stockholder advisory votes on the compensation of our named executive officers"
FAQ
What did Pattern Group Inc. (PTRN) change in this amended 8-K?
Pattern Group Inc. used this amended 8-K to disclose its Board’s decision on Say-on-Pay vote frequency. The Board confirmed that future advisory votes on executive compensation will be held annually, following shareholder preference expressed at the 2026 annual meeting.
How often will Pattern Group Inc. (PTRN) hold Say-on-Pay votes?
Pattern Group Inc. will hold Say-on-Pay votes on an annual basis. This means shareholders can provide non-binding advisory feedback on executive compensation every year, reflecting the preference shown in the Say-on-Frequency vote at the 2026 annual meeting.
What is the Say-on-Frequency Proposal mentioned by Pattern Group Inc. (PTRN)?
The Say-on-Frequency Proposal is an advisory vote where shareholders choose how often Say-on-Pay votes should occur. At the 2026 annual meeting, Pattern Group Inc. shareholders indicated a preference for annual Say-on-Pay votes, which the Board adopted in this amendment.
Until when is Pattern Group Inc.’s annual Say-on-Pay schedule expected to apply?
The annual Say-on-Pay schedule will apply until the next Say-on-Frequency vote, which will be held no later than the 2032 annual meeting. The Board may also change the frequency earlier if it later determines a different approach is appropriate.
Does Pattern Group Inc.’s amended filing change prior 2026 annual meeting results?
The amended filing does not change prior 2026 annual meeting results. It only adds the Board’s formal decision to adopt annual Say-on-Pay votes, responding to shareholder preferences recorded in the original report and required disclosure under Item 5.07(d).