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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 29, 2023
AEROVIRONMENT,
INC.
(Exact name of registrant as specified in
its charter)
Delaware |
|
001-33261 |
|
95-2705790 |
(State or other jurisdiction of |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
incorporation or organization) |
|
|
|
|
241
18th Street South, Suite
415 |
|
|
Arlington,
Virginia |
|
22202 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (805) 520-8350
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 (see
General Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
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(s) |
Name of each exchange on which registered |
Common Stock, $0.0001 par value |
AVAV |
The NASDAQ Stock Market LLC |
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 ¨
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.
The 2023 Annual Meeting of Stockholders (the “Annual
Meeting”) of AeroVironment, Inc. (the “Company”) was held virtually on September 29, 2023, at 12:00
p.m., Eastern Time. At the Annual Meeting, the Company's stockholders approved the Company’s 2023 Employee Stock Purchase Plan
(the “2023 ESPP”). The 2023 ESPP was previously adopted by the Company’s Board of Directors on July 27, 2023,
subject to stockholder approval.
The 2023 ESPP, which will be administered by the Compensation Committee
of the Board of Directors, allows for eligible employees to purchase common stock through payroll deductions of up to $25,000 worth of
common stock (determined at the fair market value of the shares at the time such rights are granted) for each calendar year in which the
purchase rights are outstanding at any time. Shares of common stock are purchased under the 2023 ESPP at a discount to the market
price of the shares of no less than 85% of the fair market value of the Company’s common stock on each purchase date. Subject
to adjustments for changes in the Company’s capitalization and certain corporate transactions, the total number of shares available
for issuance under the 2023 ESPP is 1,000,000 shares of common stock.
The terms and conditions of the 2023 ESPP are described in the section
entitled “Proposal No. 5 – Approval of 2023 AeroVironment, Inc. Employee Stock Purchase Plan” in the Company’s
Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on August 17, 2023. The foregoing description
of the 2023 ESPP does not purport to be complete and is qualified in its entirety by reference to the complete text of the 2023 ESPP,
which is filed as Appendix A to the Proxy Statement and incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
A brief description of matters voted upon at the Annual Meeting held
on September 29, 2023 meeting and the final voting results are set forth below:
Proposal 1 — Election of Directors
The Company’s stockholders elected the three persons nominated
by the Board of Directors as Class II directors for a three-year term as follows:
Number of Shares
Name of Director | |
For | |
Against | |
Abstain | |
Broker Non-Votes |
Philip S. Davidson | |
20,014,788 | |
373,790 | |
17,094 | |
2,419,105 |
Mary Beth Long | |
20,034,319 | |
354,095 | |
17,258 | |
2,419,105 |
Stephen F. Page | |
17,940,261 | |
1,658,524 | |
806,887 | |
2,419,105 |
Each of the above directors shall serve for a term of three years and
until his or her successor has been duly elected and qualified.
Proposal 2 — Ratification of Company’s Independent Auditors
The Audit Committee selected Deloitte & Touche LLP as the
Company’s independent registered public accounting firm for the fiscal year ending April 30, 2024. The Company’s stockholders
ratified the selection of Deloitte & Touche LLP as follows:
Number of Shares
For | |
Against | |
Abstain |
22,781,258 | |
20,909 | |
22,610 |
Proposal 3 — Advisory Vote on the Compensation of the Company’s
Named Executive Officers
The Company’s stockholders approved, by an advisory vote, the
compensation of the Company’s named executive officers, as disclosed in the proxy statement, by the following vote:
Number of Shares
For | |
Against | |
Abstain | |
Broker Non-Votes |
20,211,327 | |
160,493 | |
33,852 | |
2,419,105 |
Proposal 4 — Advisory Vote on the Frequency of Future Advisory
Votes on the Compensation of the Company’s Named Executive Officers
The Company’s stockholders approved, by an advisory vote, a frequency
of “1 year” for future advisory votes on the compensation of the Company’s named executive officers, by the following
vote:
Every 1 Year | |
Every 2 Years | |
Every 3 Years | |
Abstain | |
Broker Non-Votes |
19,626,372 | |
| |
26,548 | |
728,596 | |
24,156 | |
2,419,105 |
Proposal 5 — Approval of the AeroVironment, Inc.
2023 Employee Stock Purchase Plan
The Company’s stockholders approved the adoption and effectiveness
of the 2023 ESPP by the following vote:
Number of Shares
For | |
Against | |
Abstain | |
Broker Non-Votes |
20,315,320 | |
70,930 | |
19,422 | |
2,419,105 |
Proposal 6 — Stockholder Proposal to Declassify
Board of Directors
The stockholders approved, by an advisory vote, a stockholder proposal
to declassify the Board of Directors by a majority vote by the following vote:
Number of Shares
For | |
Against | |
Abstain | |
Broker Non-Votes |
17,948,385 | |
2,415,444 | |
41,843 | |
2,419,105 |
Item 8.01. Other events.
As previously reported, as a result of Catharine Merigold’s decision
to not seek reelection to the Board of Directors at the Annual Meeting, on September 29, 2023, following the Annual Meeting, in order
to remain in compliance with Nasdaq Listing Rule 5605(c)(2)(A), the Board of Directors appointed both Philip S. Davidson and Cindy
Lewis to serve as members of the Audit Committee, alongside Chair Edward Muller and Committee member Stephen Page.
On September 29, 2023, the Company’s Board of Directors
elected Edward Muller as the Lead Independent Director.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
(1) Incorporated by reference herein to Appendix A to the Company’s Definitive Proxy Statement on Schedule 14A filed August 17, 2023 (File No. 001-33261).
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.
|
AEROVIRONMENT, INC. |
|
|
|
Date: October 5, 2023 |
By: |
/s/ Melissa Brown |
|
|
Melissa Brown |
|
|
Senior Vice President, General Counsel, Chief Ethics
and Compliance Officer & Corporate Secretary |
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AeroVironment (NASDAQ:AVAV)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
AeroVironment (NASDAQ:AVAV)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024