Plexus Corp. shareholders approve 2024 Omnibus Incentive Plan and set new bylaws at annual meeting
At its February 14, 2024 annual meeting, Plexus shareholders approved a new 2024 Omnibus Incentive Plan, which replaces the 2016 plan, and elected all 10 nominated directors. The board also amended the bylaws, including a director retirement age of 75 and advance notice rules for shareholders proposing director nominees, which must be submitted by October 31, 2024.
- Shareholders approved the 2024 Omnibus Incentive Plan, with 23,408,724 votes for and 1,686,682 against.
- The 2024 plan replaces the 2016 Omnibus Incentive Plan, which has been terminated; no new awards will be granted under it.
- Board amended bylaws to set director retirement age at 75 and align advance notice provisions with universal proxy rules.
- Shareholders who intend to solicit proxies for non-company director nominees must notify the Secretary by October 31, 2024.