Symantec Corporation (NASDAQ:SYMC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Symantec Corporation (NASDAQ:SYMC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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The stockholders of Symantec Corporation (the “Company”) approved amendments to Company’s 2013 Equity Incentive Plan, as amended (the “EIP”), at the Annual Meeting of Stockholders of the Company held on October5, 2017 (the “Annual Meeting”). The Board of Directors (the “Board”) of the Company approved the amendments to the EIP in August 2017, subject to stockholder approval at the Annual Meeting. Accordingly, the EIP amendments became effective upon stockholder approval at the Annual Meeting. The Company’s named executive officers may participate in this plan.

As a result of stockholder approval of the amendments to the Company’s EIP at the Annual Meeting, the EIP was amended to increase the number of authorized shares of the Company’s common stock issuable thereunder by 8,000,000 shares, prohibit dividend payments on unvested equity awards under the EIP, and require that all awards granted under the EIP shall be subject to the Company’s insider trading and recoupment policies in accordance with the clawback policy adopted by the Board.

The foregoing description of the EIP is qualified in its entirety by reference to the full text of the EIP, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September29, 2017.

Item 5.02 Submission of Matters to a Vote of Security Holders.

The Company’s 2017 Annual Meeting of Stockholders was held on October5, 2017. Set forth below are the matters the stockholders voted on and the final voting results.

Proposal 1: Election of Directors:

Nominee

VotesFor

VotesAgainst

Abstentions

Broker Non-

Votes

Gregory S. Clark

510,039,107 3,745,483 319,166 45,392,914

Frank E. Dageard

510,396,058 3,370,000 337,698 45,392,914

Kenneth Y. Hao

506,977,150 6,739,918 386,688 45,392,914

David W. Humphrey

506,996,924 6,764,676 342,156 45,392,914

GeraldineB.Laybourne

507,861,036 6,043,984 198,736 45,392,914

David L. Mahoney

497,343,178 16,550,009 210,569 45,392,914

Robert S. Miller

499,728,483 14,174,720 200,553 45,392,914

Anita M. Sands

513,607,313 301,319 195,124 45,392,914

Daniel H. Schulman

448,277,588 63,000,886 2,825,282 45,392,914

V. Paul Unruh

508,260,066 5,473,955 369,735 45,392,914

SuzanneM.Vautrinot

513,605,527 302,488 195,741 45,392,914

Each of the eleven nominees were elected to the Board of Directors, each to hold office until the next annual meeting of stockholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.

Proposal 2: Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2018 fiscal year:

Votes For

VotesAgainst

Abstentions

BrokerNon-Votes

554,168,434

5,114,568 213,668

The appointment was ratified.

Proposal 3: Amendments to the Company’s 2013 Equity Incentive Plan, as amended:

Votes For

VotesAgainst

Abstentions

BrokerNon-Votes

423,346,783

90,341,281 415,692 45,392,914

The proposal was approved.

Proposal 4: Advisory vote to approve the Company’s executive compensation:

VotesFor

VotesAgainst

Abstentions

BrokerNon-Votes

446,042,483

67,618,356 442,917 45,392,914

The proposal was approved.

Proposal 5: Advisory vote on the frequency of future advisory votes to approve the Company’s executive compensation:

OneYear

TwoYears

ThreeYears

Abstentions

BrokerNon-Votes

474,750,137

475,724 38,548,022 329,873 45,392,914

Based on the results of the vote, and consistent with the Board’s recommendation, the Board has determined to hold an advisory vote on executive compensation every year until the next required advisory vote on the frequency of future advisory votes on executive compensation.

Proposal 6: Stockholder proposal regarding executive pay confidential voting:

Votes For

VotesAgainst

Abstentions

BrokerNon-Votes

11,455,214

501,800,547 847,995 45,392,914

The proposal was not approved.

Proposal 7: Stockholder proposal regarding executives to retain significant stock:

Votes For

VotesAgainst

Abstentions

BrokerNon-Votes

19,164,587

492,827,181 2,111,988 45,392,914

The proposal was not approved.


About Symantec Corporation (NASDAQ:SYMC)

Symantec Corporation is a United States-based cybersecurity company. The Company operates its business on a global civilian cyber intelligence threat network and tracks a range of threats across the Internet from various mobile devices, endpoints and servers across the globe. The Company’s segments include Consumer Security and Enterprise Security. The Consumer Security segment includes Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses. The Enterprise Security segment protects organizations so they can securely conduct business while leveraging new platforms and data. The Enterprise Security segment includes its threat protection products, information protection products, cyber security services and Website security services. The Company’s services include consulting services, customer success services and education services.

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