AGM/EGMMay 12, 2026, 04:19 PM
MKS Inc. Shareholders Approve Amended Stock Plan, Elect Directors
AI Summary
MKS Inc. held its 2026 Annual Meeting of Shareholders on May 11, 2026, where shareholders approved several key proposals. The Amended and Restated 2022 Stock Incentive Plan was approved, increasing the number of shares authorized for issuance by 6,200,000. Shareholders also elected three directors, approved executive compensation, and ratified PricewaterhouseCoopers LLP as the independent auditor. Additionally, a company proposal to reduce the special meeting threshold to 25% was approved, while a shareholder proposal to reduce it to 10% was rejected.
Key Highlights
- Shareholders approved the Amended 2022 Stock Incentive Plan, increasing authorized shares by 6,200,000.
- The Amended Stock Incentive Plan received 56,266,577 votes For and 1,347,761 votes Against.
- Peter J. Cannone III, Joseph B. Donahue, and Wissam G. Jabre were elected as directors.
- Compensation for Named Executive Officers was approved with 55,786,344 votes For.
- PricewaterhouseCoopers LLP was ratified as the independent auditor with 58,207,171 votes For.
- Company proposal to reduce the special meeting threshold to 25% was approved with 51,725,892 votes For.
- Shareholder proposal to reduce the special meeting threshold to 10% was rejected with 38,812,405 votes Against.
Price Impact
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