Vicor Holds Annual Meeting; All 12 Directors Re-elected and Say-on-Pay Approved
Vicor's stockholders re-elected all twelve director nominees at the June 23, 2023 annual meeting and approved, on an advisory basis, the compensation of named executive officers. Stockholders also voted for advisory votes on executive pay every three years, which the Board adopted as policy. The filing also discloses the annual director stock option grant, now sized at $200,000 per director rather than $100,000.
- All twelve director nominees were elected to serve until the 2024 annual meeting; Patrizio Vinciarelli received 135,823,033 votes for and 6,912,058 withheld.
- Say-on-pay proposal passed with 141,019,623 votes for, 1,119,558 against and 595,910 abstaining.
- Stockholders chose a three-year frequency for advisory executive compensation votes; the Board adopted this policy.
- Directors received options on 3,769 shares at $53.07 per share, with the grant formula changed from $100,000 to $200,000 of value.