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Registrant’s telephone number, including area code i(800)i829-4444
(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:
i☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i☐
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
Name on each exchange on which registered
iCommon
Stock, par value $0.01 per share
iKEYS
iNew York Stock Exchange
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 i☐
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.
On March 14, 2023, Ron Nersesian, the
company’s executive chair of the Board of Directors, announced plans to transition to non-executive chair as of May 1, 2023. Nersesian has served as Keysight’s executive chairman since November 2019 and transitioned the role of Keysight president and chief executive officer to Satish Dhanasekaran in May 2022. Mr. Nersesian is retiring for personal reasons and not because of any disagreement with the Company.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On March 16,
2023, Keysight Technologies, Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). As of January 17, 2023, the Company’s record date for the Annual Meeting, there were a total of 178,344,094 shares of Common Stock outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 159,020,650 shares of Common Stock or 89.17% were represented in person or by proxy and, therefore, a quorum was present.
The stockholders of the Company voted on the following items at the Annual Meeting:
1.Election of the Directors
nominated by the Board of Directors.
2.Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2023.
3.Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers for fiscal year 2022.
Votes regarding the election of the director nominees were as follows:
Broker
Nominee
For
Against
Abstain
Non-Votes
Uncast
Satish
C. Dhanasekaran
141,766,301
920,986
229,586
16,103,777
0
Richard P. Hamada
126,438,408
16,227,389
243,364
16,111,489
0
Paul A. Lacouture
133,902,256
8,774,907
236,025
16,107,462
0
Kevin
A. Stephens
134,283,693
8,392,093
233,649
16,111,215
0
Based on the votes set forth above, each of the director nominees was duly elected to a new three year term.
The proposal to ratify the Audit and Finance Committee’s appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2023 received the following votes:
For
Against
Abstain
Broker
Non-Votes
Uncast
157,778,081
838,300
404,268
1
0
Based on the votes set forth above, the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2023 was duly ratified.
The proposal to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers
for fiscal year 2022 received the following votes:
For
Against
Abstain
Broker Non-Votes
Uncast
127,457,338
14,654,038
814,291
16,094,983
0
Based
on the votes set forth above, the compensation of the Company’s named executive officers for fiscal year 2022 was approved.
2
The proposal to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to declassify the Board of Directors (the “Amendment Proposal”) received the following votes:
For
Against
Abstain
Broker
Non-Votes
Uncast
142,317,358
392,177
211,874
16,099,241
0
The Amendment Proposal required 80% of the shares outstanding to vote in favor of the proposal for it to be approved. Based on the votes set forth above, 79% of the shares outstanding voted in favor of the Amendment Proposal. Accordingly, the Amendment Proposal was not approved, and the Company’s Board of Directors will remain classified.
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.
