UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At the 2024 Annual Meeting of Stockholders of YETI Holdings, Inc. (“YETI”) held on May 7, 2024 (the “Annual Meeting”), YETI’s stockholders approved the YETI Holdings, Inc. 2024 Equity and Incentive Compensation Plan (the “Plan”). YETI’s Board of Directors approved the Plan on March 14, 2024, subject to stockholder approval. The Plan provides for an aggregate limit of up to 3,500,000 shares of common stock that may be granted pursuant to awards granted under the Plan. The Plan is administered by YETI’s Compensation Committee, which has broad authority to, among other things, select participants and determine the type(s) of award(s) that they are to receive, and determine the number of shares that are to be subject to awards and the terms and conditions of awards, including the price (if any) to be paid for the shares or the award granted under the Plan. A description of the Plan is set forth in Proposal 3 of YETI’s definitive proxy statement filed with the Securities and Exchange Commission on March 26, 2024, which description is incorporated herein by reference. Such description of the Plan is qualified in its entirety by reference to the full text of the Plan, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
As of the close of business on the record date of March 12, 2024, there were 85,221,829 shares of YETI’s common stock outstanding and entitled to vote at the Annual Meeting, which was held on May 7, 2024. At the Annual Meeting, the following proposals were submitted to a vote of YETI’s stockholders, with the final voting results indicated below:
Proposal 1 — Election of Two Class III Directors. YETI’s stockholders elected the following two directors to serve as Class III directors for a term of three years ending at the 2027 Annual Meeting of Stockholders and until their respective successors are elected and qualified.
| For | Withheld | Broker Non-Votes | ||||
| Alison Dean | 40,906,504 | 35,974,600 | 3,485,049 | |||
| Robert Katz | 59,759,631 | 17,121,473 | 3,485,049 |
Proposal 2 — Approval, on an advisory basis, of the compensation paid to YETI’s named executive officers. YETI’s stockholders approved, by a non-binding advisory vote, the compensation paid to YETI's named executive officers.
| For | Against | Abstained | Broker Non-Votes | |||
| 73,168,944 | 3,662,784 | 49,376 | 3,485,049 |
Proposal 3 — Approval of YETI’s 2024 Equity and Incentive Compensation Plan. YETI’s stockholders approved the 2024 Equity and Incentive Compensation Plan.
| For | Against | Abstained | Broker Non-Votes | |||
| 74,702,470 | 2,129,640 | 48,994 | 3,485,049 |
Proposal 4 — Ratification of the Appointment of PricewaterhouseCoopers LLP as YETI’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 28, 2024. YETI’s stockholders ratified the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for the fiscal year ending December 28, 2024.
| For | Against | Abstained | ||
| 78,323,649 | 2,018,722 | 23,782 |
There were no broker non-votes with respect to Proposal 4.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit | ||
| No. | Description | |
| 10.1 | YETI Holdings, Inc. 2024 Equity and Incentive Compensation Plan | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
| YETI Holdings, Inc. | ||
| Date: May 10, 2024 | By: | /s/ Bryan C. Barksdale |
| Bryan C. Barksdale | ||
| Senior Vice President, Chief Legal Officer and Secretary | ||