|8-KFeb 19, 4:42 PM ET

PLEXUS CORP 8-K

Research Summary

AI-generated summary

Updated

Plexus Corp Reports 2026 Annual Meeting Voting Results

What Happened

  • Plexus Corp held its 2026 Annual Meeting of Shareholders on February 18, 2026 and filed an 8-K on February 19, 2026 reporting the voting results (Item 5.07).
  • All 10 director nominees were elected for one-year terms. Vote totals for each nominee were:
    • Joann M. Eisenhart — For: 24,026,658; Withheld: 642,810
    • Dean A. Foate — For: 24,039,799; Withheld: 629,669
    • Rainer Jueckstock — For: 24,081,799; Withheld: 587,669
    • Todd P. Kelsey — For: 24,170,992; Withheld: 498,476
    • Randy J. Martinez — For: 24,581,888; Withheld: 87,580
    • Joel Quadracci — For: 24,579,178; Withheld: 90,290
    • Karen M. Rapp — For: 24,609,631; Withheld: 59,837
    • Paul A. Rooke — For: 24,444,597; Withheld: 224,871
    • Michael V. Schrock — For: 24,063,765; Withheld: 605,703
    • Jennifer B. Wuamett — For: 24,574,847; Withheld: 94,621
    • Broker non-votes reported for each director: 1,032,978.
  • Proposal 2 (advisory approval of named executive officer compensation) received For: 21,498,630; Against: 2,207,349; Abstain: 963,489; Broker non-votes: 1,032,978.
  • Proposal 3 (ratification of PricewaterhouseCoopers LLP as independent auditors for fiscal 2026) was approved with For: 24,258,094; Against: 1,427,553; Abstain: 16,799.

Key Details

  • Annual Meeting date: February 18, 2026; 8-K filed February 19, 2026.
  • All 10 director nominees elected; individual vote counts shown above.
  • Say-on-pay (advisory) passed with 21.5M For votes; notable abstentions (963,489) and broker non-votes (1.03M).
  • PwC ratified as auditor for fiscal 2026 (no broker non-votes on this routine matter).

Why It Matters

  • The election of the full slate of directors maintains the Board’s current composition and governance continuity.
  • The advisory approval of executive compensation (non-binding) indicates majority shareholder support but also shows a meaningful number of votes withheld/abstained, which management and the Board may consider in future compensation disclosures or practices.
  • Ratification of PwC as auditor finalizes the company’s external audit firm for fiscal 2026, an important element of financial oversight.
  • These are routine corporate governance outcomes disclosed for investors; the filing does not report financial results or operational changes.