Viatris Inc false 0001792044 0001792044 2024-12-06 2024-12-06

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 6, 2024

 

 

VIATRIS INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-39695   83-4364296

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

1000 Mylan Boulevard, Canonsburg, Pennsylvania, 15317

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (724) 514-1800

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))

 

  ☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

Common Stock, par value $0.01 per share   VTRS   The NASDAQ Stock Market

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 5.02(e)

Approval of an amendment to the Viatris Inc. 2020 Stock Incentive Plan.

On December 6, 2024, Viatris Inc. (“Viatris” or the “Company”) held its 2024 annual meeting of shareholders (the “2024 Annual Meeting”). As further discussed below, at the 2024 Annual Meeting, shareholders of the Company approved an amendment to the Company’s 2020 Stock Incentive Plan (the “2020 Stock Incentive Plan Amendment”). For a description of the 2020 Stock Incentive Plan Amendment, see the Company’s Definitive Proxy Statement on Schedule 14A (File No. 001-39695), filed with the Securities and Exchange Commission on October 25, 2024 (the “Proxy Statement”). A copy of the 2020 Stock Incentive Plan Amendment is attached as Appendix C to such Proxy Statement.

 

Item 5.07

Submission of Matters to a Vote of Security Holders.

(a) On December 6, 2024, the Company held its 2024 Annual Meeting to (i) elect twelve director nominees, each to hold office until the 2025 annual meeting of shareholders; (ii) approve, on a non-binding advisory basis, the 2023 compensation of the named executive officers of the Company; (iii) ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; and (iv) approve the 2020 Stock Incentive Plan Amendment to (1) increase the maximum aggregate number of shares of Viatris common stock reserved and available for issuance for awards pursuant to the 2020 Stock Incentive Plan by 49,000,000 shares, subject to adjustment as provided in the Company’s 2020 Stock Incentive Plan, and (2) eliminate an exception to the 12-month minimum vesting requirement for awards granted on an ad hoc basis in order to achieve a specified business objective. With respect to each proposal below, any abstentions and broker non-votes were considered for purposes of establishing a quorum but were not considered to be votes cast and therefore had no effect on the vote on any such proposal.

 

(b)

The certified results of the matters voted on at the 2024 Annual Meeting are set forth below.

Proposal No. 1 - Election of the following twelve director nominees, each to hold office until the 2025 annual meeting of shareholders:

 

Nominee

    For      Against      Abstain      Broker Non-Votes  

W. Don Cornwell

      900,964,555        4,460,343        3,834,109        114,954,301  

JoEllen Lyons Dillon

      737,759,209        167,733,463        3,766,345        114,954,291  

Elisha Finney

      902,054,026        3,436,873        3,768,120        114,954,291  

Leo Groothuis

      878,504,023        26,933,798        3,821,197        114,954,291  

Melina Higgins

      804,442,071        101,065,484        3,751,463        114,954,291  

James M. Kilts

      840,616,779        64,831,995        3,810,242        114,954,293  

Harry Korman

      780,276,345        125,203,030        3,779,642        114,954,292  

Rajiv Malik

      823,760,959        81,491,917        4,006,144        114,954,289  

Richard Mark

      900,441,821        5,011,531        3,805,662        114,954,295  

Mark Parrish

      850,985,723        54,462,270        3,811,027        114,954,289  

Scott A. Smith

      902,081,653        3,373,699        3,803,668        114,954,288  

Rogério Vivaldi Coelho

      900,799,052        4,645,816        3,814,152        114,954,289  

Each director nominee was elected to hold office until the 2025 annual meeting of shareholders.

Proposal No. 2 – Approval, on a non-binding advisory basis, of the 2023 compensation of the named executive officers of the Company:

 

For

  

Against

  

Abstain

  

Broker Non-Votes

445,035,979   458,870,163   5,352,861   114,954,306

This proposal was not approved, but received 49.23% of votes in favor (thus missing approval by less than 0.80%).

Proposal No. 3 – Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024:

 

For

  

Against

  

Abstain

  

Broker Non-Votes

962,950,848   54,384,649   6,877,812   N/A

This proposal was approved.

Proposal No. 4 – Approval of the 2020 Stock Incentive Plan Amendment:

 

For

  

Against

  

Abstain

  

Broker Non-Votes

872,421,538   31,280,303   5,557,159   114,954,308

This proposal was approved.

SIGNATURE

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.

 

    VIATRIS INC.
Date: December 6, 2024     By:  

/s/ Theodora Mistras

      Theodora Mistras
      Chief Financial Officer
v3.24.3
Document and Entity Information
Dec. 06, 2024
Cover [Abstract]  
Entity Registrant Name Viatris Inc
Amendment Flag false
Entity Central Index Key 0001792044
Document Type 8-K
Document Period End Date Dec. 06, 2024
Entity Incorporation State Country Code DE
Entity File Number 001-39695
Entity Tax Identification Number 83-4364296
Entity Address, Address Line One 1000 Mylan Boulevard
Entity Address, City or Town Canonsburg
Entity Address, State or Province PA
Entity Address, Postal Zip Code 15317
City Area Code (724)
Local Phone Number 514-1800
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 VTRS
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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