Thermo Fisher Scientific : Management Change - Form 8-K
May 26, 2023 at 09:09 pm EDT
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tmo-20230524
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): May 24, 2023
THERMO FISHER SCIENTIFIC INC.
(Exact name of Registrant as specified in its Charter)
Delaware
1-8002
04-2209186
(State of incorporation)
(Commission File Number)
(I.R.S. Employer Identification Number)
168 Third Avenue
Waltham, Massachusetts02451
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (781) 622-1000
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 (seeGeneral 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, $1.00 par value
TMO
New York Stock Exchange
0.750% Notes due 2024
TMO 24A
New York Stock Exchange
0.125% Notes due 2025
TMO 25B
New York Stock Exchange
2.000% Notes due 2025
TMO 25
New York Stock Exchange
3.200% Notes due 2026
TMO 26B
New York Stock Exchange
1.400% Notes due 2026
TMO 26A
New York Stock Exchange
1.450% Notes due 2027
TMO 27
New York Stock Exchange
1.750% Notes due 2027
TMO 27B
New York Stock Exchange
0.500% Notes due 2028
TMO 28A
New York Stock Exchange
1.375% Notes due 2028
TMO 28
New York Stock Exchange
1.950% Notes due 2029
TMO 29
New York Stock Exchange
0.875% Notes due 2031
TMO 31
New York Stock Exchange
2.375% Notes due 2032
TMO 32
New York Stock Exchange
3.650% Notes due 2034
TMO 34
New York Stock Exchange
2.875% Notes due 2037
TMO 37
New York Stock Exchange
1.500% Notes due 2039
TMO 39
New York Stock Exchange
1.875% Notes due 2049
TMO 49
New 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 or (§230.405 of this chapter) 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
Amended and Restated 2013 Stock Incentive Plan
On May 24, 2023, at the Thermo Fisher Scientific Inc. (the "Company") annual meeting of shareholders (the "Annual Meeting"), as further described in Item 5.07 below, the Company's shareholders approved the Amended and Restated 2013 Stock Incentive Plan (the "Plan"). Previously, the Board of Directors of the Company approved the Plan (subject to shareholder approval) to, among other changes, increase the number of shares of the Company's Common Stock authorized for issuance under the Plan by 7,000,000 shares. A description of the material terms of the Plan was set forth in the Company's proxy statement for the Annual Meeting which was filed with the U.S. Securities and Exchange Commission on April 7, 2023 (the "Proxy Statement"). The description of the Plan contained herein is qualified in its entirety by reference to the Plan, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
2023 Global Employee Stock Purchase Plan
At the Annual Meeting, the Company's shareholders also approved the 2023 Global Employee Stock Purchase Plan (the "ESPP"). Previously, the Board of Directors of the Company approved the ESPP (subject to shareholder approval). Up to 12,000,000 shares of the Company's Common Stock are authorized for issuance under the ESPP. A description of the material terms of the ESPP was set forth in the Proxy Statement. The description of the ESPP contained herein is qualified in its entirety by reference to the ESPP, a copy of which is filed as Exhibit 10.2 to this Current Report on Form 8-K and incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders
At the Annual Meeting held on May 24, 2023, the shareholders of the Company voted on the following proposals:
1. The following nominees were elected to the Company's Board of Directors for a one-year term expiring at the 2024 annual meeting of shareholders.
For
Against
Abstain
Broker Non-Votes
Marc N. Casper
292,552,916
30,261,664
1,350,678
18,986,879
Nelson J. Chai
302,287,357
21,158,341
719,560
18,986,879
Ruby R. Chandy
319,922,493
3,942,167
300,598
18,986,879
C. Martin Harris
307,173,930
16,689,675
301,653
18,986,879
Tyler Jacks
315,243,173
8,557,663
364,422
18,986,879
R. Alexandra Keith
309,690,142
14,140,673
334,443
18,986,879
James C. Mullen
316,424,303
7,440,013
300,942
18,986,879
Lars R. Sørensen
291,759,034
31,752,536
653,688
18,986,879
Debora L. Spar
319,945,740
3,909,868
309,650
18,986,879
Scott M. Sperling
303,594,389
20,201,565
369,304
18,986,879
Dion J. Weisler
306,831,551
17,032,747
300,960
18,986,879
2. A non-binding, advisory proposal on the compensation of the Company's named executive officers was approved.
For:
255,371,632
Against:
68,034,961
Abstain:
758,665
Broker Non-Votes:
18,986,879
3. Shareholders approved, on an advisory basis, a frequency of "1 Year" for future advisory votes on named executive officer compensation. Future advisory votes on named executive officer compensation will be held every year.
1 Year:
319,559,883
2 Years:
330,669
3 Years:
3,964,661
Abstain:
310,045
2
4. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2023 was ratified.
For:
309,795,691
Against:
33,056,068
Abstain:
300,378
5. The Amended and Restated 2013 Stock Incentive Plan was approved.
For:
305,558,797
Against:
18,084,900
Abstain:
521,561
Broker Non-Votes:
18,986,879
6. The 2023 Global Employee Stock Purchase Plan was approved.
For:
322,605,155
Against:
1,214,391
Abstain:
345,712
Broker Non-Votes:
18,986,879
Item 9.01 Financial Statements and Exhibits
Exhibit
Number
Description of Exhibit
10.1
Thermo Fisher Scientific Inc. Amended and Restated 2013 Stock Incentive Plan(filed as Exhibit 99.1 to the Registrant's Form S-8 filed May 24, 2023 [File No. 333-272173] and incorporated in this document by reference).
10.2
Thermo Fisher Scientific Inc. 2023 Global Employee Stock Purchase Plan(filed as Exhibit 99.2 to the Registrant's Form S-8 filed May 24, 2023 [File No. 333-272173] and incorporated in this document by reference).
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.
Thermo Fisher Scientific Inc. published this content on 26 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2023 01:06:04 UTC.
Thermo Fisher Scientific Inc. specializes in the design, manufacturing and marketing of laboratory and scientific equipments. Net sales (including intragroup) break down by family of products as follows:
- laboratory equipments (70%). Moreover, the group proposes chemical products (reagents, solvent, salts, etc.), consumable products (tubes, funnels, vials, etc.), as well as conditioning, warehousing, storage, etc.;
- diagnostics equipment and products (15.3%);
- scientific analysis equipments (14.7%): analyzer (of water, gas, grounds, etc.), mass spectrometers, molecular spectroscopes, microscopes, manometers, samplers, microbiology equipments, reactive agents, etc.
Net sales break down by source of income into products sales (78.5%) and services (21.5%).
Net sales break down geographically as follows: North America (53%), Europe (25.7%), Asia-Pacific (18.1%) and others (3.2%).