UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As described in Item 5.07 below, on February 29, 2024, at the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of REV Group, Inc. (the “Company”), the Company’s stockholders approved the Amended and Restated REV Group, Inc. 2016 Omnibus Incentive Plan (the “Plan”), to increase the number of shares of common stock authorized thereunder from 1,112,000 shares to 2,872,218 shares, extend the term from January 9, 2027 to February 29, 2034, and make certain other revisions to the Plan. The Plan became effective on February 29, 2024 following receipt of stockholder approval.
Additional information regarding the Plan is set forth in the Company’s Definitive Proxy Statement on Schedule 14A (the “Proxy Statement” under the caption “Proposal 5 – Approval of Amended and Restated REV Group, Inc. 2016 Omnibus Incentive Plan”) filed by the Company with the Securities and Exchange Commission on January 19, 2024, which information is incorporated herein by reference. Such information and the foregoing description of the Plan do not purport to be complete and are qualified in their entirety by reference to the full text of the Amended and Restated REV Group, Inc. 2016 Omnibus Incentive Plan, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On February 29, 2024, the Company held its Annual Meeting in Wauwatosa, Wisconsin. At the Annual Meeting, the stockholders considered and acted upon five proposals pursuant to the Notice of Annual Meeting of Stockholders and as described in more detail in the Company’s Proxy Statement. Of 59,738,362 shares of common stock eligible to vote as of January 10, 2024, the holders of record of 56,576,516 shares of common stock were represented at the meeting either in person or by proxy.
Proposal 1: Election of Directors
By the vote described below, the stockholders elected the following individuals as Class I directors, each to serve for three years and until his or her successor has been elected and qualified, or until his or her earlier death, resignation or removal.
| Director | For | Against | Abstain | Broker Non-Votes | ||||
| Jean Marie Canan | 40,824,255 | 13,792,328 | 8,071 | 1,951,862 | ||||
| Charles Dutil | 41,152,365 | 13,463,397 | 8,892 | 1,951,862 | ||||
| Kathleen M. Steele | 54,454,957 | 161,870 | 7,827 | 1,951,862 |
Proposal 2: Ratification of Selection of Independent Registered Public Accounting Firm
By the vote described below, the stockholders approved the appointment of RSM US LLP as the Company’s independent registered public accounting firm for the fiscal year ending October 31, 2024.
| For | Against | Abstain | |||
| 56,219,269 | 351,369 | 5,878 |
Proposal 3: Advisory Vote on the Compensation of the Company’s Named Executive Officers
By the vote described below, the stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement.
| For | Against | Abstain | Broker Non-Votes | |||
| 53,484,187 | 1,133,582 | 6,885 | 1,951,862 |
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Proposal 4: Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of our Named Executive Officers
By the vote described below, the stockholders determined, on a non-binding advisory basis, that future advisory votes on the compensation of the Company’s named executive officers should take place every year.
| Every Year | Every Two Years | Every Three Years | Abstain | Broker Non-Votes | ||||
| 51,648,881 | 11,395 | 2,946,289 | 18,089 | 1,951,862 |
On an advisory basis, the Company’s stockholders indicated their preference for the advisory vote on executive compensation to be held annually. In response to the voting results and other factors, the Company’s Board of Directors determined that the Company will hold an advisory vote on the named executive officer compensation every year. The Company will continue to hold advisory votes on named executive officer compensation every year until the next required advisory vote on the frequency of future advisory votes on the compensation of our named executive officers. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Company is required to provide stockholders at least once every six calendar years the opportunity to cast a non-binding advisory vote on the frequency of stockholder votes on executive compensation.
Proposal 5: Approval of Amended and Restated REV Group, Inc. 2016 Omnibus Incentive Plan
By the vote described below, the stockholders approved the Amended and Restated REV Group, Inc. 2016 Omnibus Incentive Plan.
| For | Against | Abstain | Broker Non-Votes | |||
| 53,455,447 | 1,156,994 | 12,213 | 1,951,862 |
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
|
Exhibit Number |
Description | |
| 10.1 | Amended and Restated REV Group, Inc. 2016 Omnibus Incentive Plan | |
| 104 | Cover Page Interactive Data File (formatted in iXBRL) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| REV Group, Inc. | ||
| Date: March 1, 2024 | By: | /s/ Mark A. Skonieczny |
| Name: Mark A. Skonieczny | ||
|
Title: President, Chief Executive Officer and Interim Chief Financial Officer (Principal Executive and Financial Officer) | ||
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