0001654954-22-014616.txt : 20221103 0001654954-22-014616.hdr.sgml : 20221103 20221103065336 ACCESSION NUMBER: 0001654954-22-014616 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221103 FILED AS OF DATE: 20221103 DATE AS OF CHANGE: 20221103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEARSON PLC CENTRAL INDEX KEY: 0000938323 STANDARD INDUSTRIAL CLASSIFICATION: BOOKS: PUBLISHING OR PUBLISHING AND PRINTING [2731] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16055 FILM NUMBER: 221356074 BUSINESS ADDRESS: STREET 1: 80 STRAND CITY: LONDON ENGLAND STATE: X0 ZIP: WC2R 0RL BUSINESS PHONE: 442070102000 MAIL ADDRESS: STREET 1: 80 STRAND CITY: LONDON ENGLAND STATE: X0 ZIP: WC2R 0RL 6-K 1 a2200f.htm RESULT OF AGM - UPDATE STATEMENT a2200f
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
 
For the month of November 2022
 
 
PEARSON plc
(Exact name of registrant as specified in its charter)
 
N/A
 
(Translation of registrant's name into English)
 
80 Strand
London, England WC2R 0RL
44-20-7010-2000
(Address of principal executive office)
 
 
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
 
 
 
Form 20-F X                                                Form 40-F
 
 
 
Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
 
 
 
Yes                                              No X
 
 
 
 
PEARSON PLC
 
RESULTS OF ANNUAL GENERAL MEETING ON 29 APRIL 2022 - UPDATE STATEMENT
 
In accordance with the UK Corporate Governance Code, Pearson plc ("Pearson" or the "Company") is providing this update following the outcome of the Annual General Meeting on 29 April 2022.  Whilst the Board very much appreciated the support by the majority of shareholders, it was naturally disappointed a significant minority (23.47%) voted against the Company's remuneration report.
 
The feedback we have received indicates that this outcome continues to reflect the views held by some of Pearson's shareholders around the structure of the Co-investment award, which was designed to secure the appointment of the Chief Executive Officer and voted on by shareholders in September 2020.  The Company's remuneration report will continue to include detailed disclosure around the structure of this award as well as the Remuneration Committee's consideration of the performance underpins. Prior to the vesting of each tranche of the award, the Committee undertakes a thorough and robust review process which considers a holistic view of the wider stakeholder experience.
 
This year, the Remuneration Committee is undertaking a comprehensive review of Pearson's executive remuneration framework ahead of the renewal of the Directors' Remuneration Policy at the 2023 AGM, in line with the normal three-year cycle in the UK.  As part of this process, the Committee is engaging extensively with shareholders.  Pearson would like to thank all those who have participated in the engagement exercise to date or will do so in due course. All feedback received is invaluable to the Remuneration Committee as it develops and refines its proposals.
 
Pearson is committed to having a constructive and positive relationship with all its shareholders and their advisers and will continue to engage as appropriate going forward. Full details of the proposed new Directors' Remuneration Policy and its implementation for 2023 will be disclosed in our 2022 Annual Report.
 
 
 
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, thereunto duly authorized.
 
 
 
PEARSON plc
 
 
Date: 03 November 2022
 
 
By: /s/ NATALIE WHITE
 
 
 
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Natalie White
 
Deputy Company Secretary