Temenos AGM sees all resolutions apart from two approved
May 8 (Reuters) -TEMENOS AG TEMN.S:
ALL RESOLUTIONS EXCEPT 1.3 AND 5.4 WERE APPROVED AT AGM
CONSULTATIVE VOTE ON 2023 COMPENSATION REPORT DID NOT RECEIVE MAJORITY APPROVAL FROM SHAREHOLDERS
TEMENOS AG SAYS SHAREHOLDER CONCERNS WERE PRIMARILY FOCUSED ON LENGTH OF CEO LTI VESTING PERIOD REGARDING VOTE ON COMPENSATION REPORT
TEMENOS AG SAYS OTHER SHAREHOLDER CONCERNS RE. COMPENSATION REPORT WERE AROUND LEVEL OF DISCLOSURE AND RATIONALE PROVIDED IN REPORT
TEMENOS AG SAYS BOARD WILL REFLECT AND ENGAGE FURTHER ON THIS ISSUE WITH SHAREHOLDERS IN 2024 AND 2025 REGARDING 2023 COMPENSATION REPORT
CHANGE TO ARTICLES OF ASSOCIATION ALSO DID NOT RECEIVE MAJORITY APPROVAL (RESOLUTION 5.4)
Further company coverage: TEMN.S
(Gdansk Newsroom)
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