Automatic Data Processing, Inc. Files Form 8-K Following Annual Meeting of Stockholders

Strategic Insights -

On November 9, 2022, Automatic Data Processing, Inc. held its Annual Meeting of Stockholders, where key resolutions were voted on by shareholders. The meeting saw significant participation, with present holders of 368,113,135 shares of common stock. The results of the voting for various proposals are outlined below.

Key Takeaways:

  • Peter Bisson, David V. Goeckeler, Linnie M. Haynesworth, Nazzic S. Keene, Thomas J. Lynch, and Carlos A. Rodriguez were elected to the Company's Board of Directors for the ensuing year, with high levels of support from shareholders.
  • Proposal 2, an advisory vote on company executive compensation, received approval from 301,257,796 shareholders, with 22,056,458 against and 963,025 abstaining.
  • Proposal 3, to ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm, was approved by 349,658,801 shareholders, with 17,089,490 against and 1,364,844 abstaining.
  • Proposal 4, to approve an amendment to the Automatic Data Processing, Inc. Amended and Restated Employees' Savings-Stock Purchase Plan, was approved by 322,449,341 shareholders, with 1,183,429 against and 644,509 abstaining.
  • Notable abstentions were seen in the votes for John P. Jones, Francine S. Katsoudas, William J. Ready, and Sandra S. Wijnberg, with notable against votes also seen in the same nominees.

Statistics:

  • Total shares present at the meeting: 368,113,135
  • Percentage of shares voting for the election of Peter Bisson: 86.52%
  • Agreement on Proposal 2 regarding executive compensation: 0.988%
  • Approval for Proposal 3, ratifying the appointment of Deloitte & Touche LLP: 0.954%
  • Approval for Proposal 4, amending the Employee Savings-Stock Purchase Plan: 0.878%

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION
  • Automatic Data Processing, Inc.
  • Form 8-K (Current Report) dated November 14, 2022
  • Entire documentation submitted to the SEC, including summary pages and voting results.