Ralph Lauren Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
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| ITEM 5.07. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
| (a) | The Annual Meeting of Stockholders of Ralph Lauren Corporation (the “Company”) was held on August 1, 2024. |
| (b) | The stockholders (i) elected all of the Company’s nominees for director to serve until the Company’s 2025 Annual Meeting of Stockholders; (ii) ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 29, 2025; and (iii) approved, on an advisory basis, the compensation of the Company’s named executive officers and the Company’s compensation philosophy, policies and practices. |
Each person duly elected as a director received the number of votes indicated beside his or her name below. Class A directors are elected by the holders of Class A Common Stock and Class B directors are elected by holders of Class B Common Stock. Except for the election of directors, the Class A Common Stock and Class B Common Stock vote together as a single class on all matters presented for the consideration of our stockholders. Each owner of record of Class A Common Stock on the record date is entitled to one vote for each share. Each owner of record of Class B Common Stock on the record date is entitled to ten votes for each share.
| 1. | Election of Directors: |
| Class A Directors | Number of Votes For | Number of Votes Withheld | Non-Votes |
| Linda Findley | 30,634,273 | 3,050,988 | 3,240,510 |
| Hubert Joly | 30,264,259 | 3,421,002 | 3,240,510 |
| Darren Walker | 15,863,899 | 17,821,362 | 3,240,510 |
| Class B Directors | Number of Votes For | Number of Votes Withheld | Non-Votes |
| Ralph Lauren | 218,812,760 | 0 | 0 |
| Patrice Louvet | 218,812,760 | 0 | 0 |
| David Lauren | 218,812,760 | 0 | 0 |
| Angela Ahrendts | 218,812,760 | 0 | 0 |
| Frank A. Bennack, Jr. | 218,812,760 | 0 | 0 |
| Debra Cupp | 218,812,760 | 0 | 0 |
| Michael A. George | 218,812,760 | 0 | 0 |
| Valerie Jarrett | 218,812,760 | 0 | 0 |
| Wei Zhang | 218,812,760 | 0 | 0 |
As shown in the table above, Mr. Walker received more withheld votes than for votes for his election. The Company believes that the withheld votes for Mr. Darren Walker, who is a highly valued member of our Board’s Nominating, Governance, Citizenship & Sustainability Committee, are primarily reflective of shareholder views regarding the Company’s dual-class capital structure and not because of any specific objection to Mr. Walker. Mr. Walker has been a member of the Board since 2020.
| 2. | Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 29, 2025. |
| Number of Votes For | Number of Votes Against | Abstentions |
| 253,707,744 | 2,008,985 | 21,802 |
| 3. | Approval, on an advisory basis, of the compensation of the Company’s named executive officers and the Company’s compensation philosophy, policies and practices. |
| Number of Votes For | Number of Votes Against | Abstentions | Non-Votes |
| 245,422,508 | 7,055,263 | 20,250 | 3,240,510 |
(c) Not applicable.
(d) Not applicable.
SIGNATURES
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.
| RALPH LAUREN CORPORATION | ||||
Date: August 7, 2024 |
By: | /s/ Justin Picicci | ||
| Name: | Justin Picicci |
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| Title: | Chief Financial Officer |
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