Franklin Covey Co. Announces Approval of Amendment to 2022 Omnibus Incentive Plan

Franklin Covey Co. (NYSE: FC) recently announced the approval of Amendment No. 1 to its 2022 Omnibus Incentive Plan by its shareholders. The approval was obtained on January 24, 2025, during the company’s Annual Meeting of Shareholders.

The Amendment, which was adopted by the company’s Board of Directors on November 15, 2024, entails an increase in the number of shares available by 575,000 shares. This amendment brings the total number of authorized shares under the 2022 Plan to 1,575,000 shares of common stock, subject to adjustments in certain situations.

Employees, officers, consultants, advisors, independent contractors, and non-employee directors of Franklin Covey Co. or any of its subsidiaries or affiliates are eligible to receive awards under the 2022 Plan. These awards may include stock options, stock appreciation rights, restricted stock and restricted stock units, or other stock-based awards.

A detailed summary of the Amendment and the 2022 Plan can be found in the Company’s Proxy Statement, as filed with the Securities and Exchange Commission on December 20, 2024. Interested parties can refer to the full text of the 2022 Plan and the Amendment, attached as Exhibits 10.1 and 10.2, respectively, to the current report on Form 8-K.

During the Annual Meeting of Shareholders, various proposals were voted on, with the following outcomes:

1. Election of Directors:
– Anne H. Chow
– Craig Cuffie
– Donald J. McNamara
– Joel C. Peterson
– Nancy Phillips
– Efrain Rivera
– Derek C.M. van Bever
– Paul S. Walker
– Robert A. Whitman

2. Approval of executive compensation
– 9,093,586 votes in favor
– 511,411 votes against
– 30,036 abstentions

3. Ratification of Deloitte & Touche, LLP as Independent Registered Public Accounting Firm
– 11,188,529 votes in favor
– 95,220 votes against
– 22,343 abstentions

4. Approval of Amendment No. 1 to the 2022 Omnibus Incentive Plan
– 9,255,222 votes in favor
– 350,571 votes against
– 29,240 abstentions

This news was relayed through a recently filed 8-K report with the Securities and Exchange Commission, adding another layer to the ongoing developments within Franklin Covey Co.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Franklin Covey’s 8K filing here.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.