UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
At the 2023 Annual Meeting of Stockholders held on September 21, 2023 (the “2023 Annual Meeting”), stockholders of Korn Ferry (the “Company”) (i) elected the nine nominees named in the 2023 Annual Meeting proxy statement (the “Proxy Statement”) to serve as directors until the Company’s 2024 Annual Meeting of Stockholders and until their successors have been duly elected and qualified, subject to their earlier death, resignation or removal, (ii) approved a non-binding advisory resolution approving the Company’s executive compensation, (iii) recommended by non-binding advisory vote a ONE YEAR frequency for future advisory votes to approve the Company’s executive compensation, and (iv) ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the Company’s 2024 fiscal year. To the extent applicable, set forth below are the number of votes cast for, against, or withheld, as well as the number of abstentions and broker non-votes, with respect to each such matter.
The final voting results are as follows:
| (1) | Election of the nine nominees named in the Proxy Statement to serve on the Board of Directors of the Company (the “Board”) until the 2024 Annual Meeting of Stockholders. |
| Nominee |
For |
Against |
Abstain |
Broker Non-Votes | ||||
| Doyle N. Beneby |
45,787,392 | 784,415 | 32,706 | 3,228,823 | ||||
| Laura M. Bishop |
46,046,063 | 526,767 | 31,683 | 3,228,823 | ||||
| Gary D. Burnison |
46,323,482 | 249,161 | 31,870 | 3,228,823 | ||||
| Matthew J. Espe |
46,439,094 | 132,589 | 32,830 | 3,228,823 | ||||
| Charles L. Harrington |
45,935,566 | 637,028 | 31,919 | 3,228,823 | ||||
| Jerry P. Leamon |
45,498,099 | 1,073,699 | 32,715 | 3,228,823 | ||||
| Angel R. Martinez |
46,264,270 | 308,069 | 32,174 | 3,228,823 | ||||
| Debra J. Perry |
43,947,732 | 2,625,078 | 31,703 | 3,228,823 | ||||
| Lori J. Robinson |
46,116,748 | 456,199 | 31,566 | 3,228,823 |
| (2) | Non-binding advisory resolution to approve the Company’s executive compensation. |
| For |
Against |
Abstain |
Broker Non-Votes | |||
| 45,100,196 | 1,273,059 | 231,258 | 3,228,823 |
| (3) | Non-binding advisory vote on the frequency of future advisory votes to approve the Company’s executive compensation. |
| 1 Year |
2 Years |
3 Years |
Abstain |
Broker Non-Votes | ||||
| 43,114,984 | 1,283 | 3,455,929 | 32,317 | 3,228,823 |
The Board has considered the results of the advisory vote on the frequency of future advisory votes to approve the Company’s executive compensation and has determined that, until the next required vote on the frequency of future advisory votes to approve the Company’s executive compensation, the Board will hold advisory votes on the Company’s executive compensation on an annual basis, consistent with the Board’s recommendation to stockholders and the stockholder vote.
(4) Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the Company’s 2024 fiscal year.
| For |
Against |
Abstain |
Broker Non-Votes | |||
| 48,697,818 | 1,118,737 | 16,781 | 0 |
| Item 8.01 | Other Events. |
On September 21, 2023, the Company issued a press release announcing the election of a new director at the 2023 Annual Meeting. A copy of the press release is attached hereto as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit 99.1 | Press Release, dated September 21, 2023. | |
| Exhibit 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101). | |
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.
| KORN FERRY | ||||||
| (Registrant) | ||||||
| Date: September 22, 2023 | ||||||
| /s/ Jonathan Kuai | ||||||
| (Signature) | ||||||
| Name: Jonathan Kuai | ||||||
| Title: General Counsel, Managing Director of Business Affairs, and Corporate Secretary | ||||||
Exhibit 99.1
MEDIA CONTACT
Dan Gugler
310-552-1834
dan.gugler@kornferry.com
Matthew Espe Joins Korn Ferry’s Board of Directors
Los Angeles, Sept. 21, 2023 – Korn Ferry (NYSE: KFY) today announced that Matt Espe has been elected to the company’s board of directors.
Espe brings to Korn Ferry’s board extensive leadership experience having served for more than two decades on public and private company boards, including, most recently Wesco (NYSE: HOUS) and Anywhere Real Estate, Inc. (NYSE: WCC), among others.
Espe started his career at General Electric Company, where for more than two decades he held increasing roles of responsibility.
Later in his career, along with other leadership roles, he was Chief Executive Officer of
multiple companies, including Armstrong World Industries, a global producer of flooring products and ceiling systems; Ricoh Americas Corporation, an information management and digital services company; and IKON Office Solutions, a document management services company.
Espe currently serves as operating partner at Advent International, a private equity investment firm.
“We are pleased to have Matt join our board of directors,” said Gary D. Burnison, CEO, Korn Ferry. “Matt’s extensive credentials at world-class organizations will be a great fit for Korn Ferry and our diversification strategy.”
“Matt brings outstanding leadership and operational credentials to our board of directors,” said Jerry Leamon, Non-Executive Chair of Korn Ferry’s Board of Directors. “We expect that Matt’s experience will further expand our board’s capabilities and will meaningfully impact Korn Ferry.”
About Korn Ferry
Korn Ferry is a global organizational consulting firm. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers.
Forward-Looking Statements
Statements in this press release that relate to Korn Ferry’s goals, strategies, future plans and expectations, and other statements of future events or conditions, such as expectations regarding future board performance or benefits, are forward-looking statements that involve a number of risks and uncertainties. Words such as “believes,” “expects,” “anticipates,” “may,” “should,” “will,” or “likely,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on
such statements. Such statements are based on current expectations; actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including changes in business strategy, that are beyond the control of Korn Ferry, including those risks and uncertainties included in Korn Ferry’s periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled “Risk Factors” and “Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2023. Korn Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Document and Entity Information |
Sep. 21, 2023 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0000056679 |
| Document Type | 8-K |
| Document Period End Date | Sep. 21, 2023 |
| Entity Registrant Name | KORN FERRY |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-14505 |
| Entity Tax Identification Number | 95-2623879 |
| Entity Address, Address Line One | 1900 Avenue of the Stars |
| Entity Address, Address Line Two | Suite 1500 |
| Entity Address, City or Town | Los Angeles |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 90067 |
| City Area Code | (310) |
| Local Phone Number | 552-1834 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, par value $0.01 per share |
| Trading Symbol | KFY |
| Security Exchange Name | NYSE |
| Entity Emerging Growth Company | false |