Verint Systems Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$VRNT
EDP Services
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 19, 2025
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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.
On June 19, 2025, Verint Systems Inc. (the "Company" or "Verint") held its 2025 Annual Meeting of Stockholders (the "Annual Meeting"). On June 22, 2023, Verint's stockholders approved the Verint Systems Inc. 2023 Long-Term Stock Incentive Plan (the "Existing Plan"). On May 7, 2025, the board of directors of Verint (the "Board") adopted Amendment No. 1 ("Amendment No. 1") to the Existing Plan (as amended by Amendment No. 1, the "Amended Plan"), subject to stockholder approval. At the Annual Meeting, Verint's stockholders approved Amendment No. 1.
The Amended Plan authorizes the Board to provide equity-based compensation to employees, directors, and certain consultants of the Company and its subsidiaries in the form of (1) stock options, including incentive stock options entitling the participant to favorable tax treatment under the Internal Revenue Code of 1986, as amended, (2) stock appreciation rights, (3) restricted stock, (4) restricted stock units, (5) performance awards, and (6) other stock-based awards, including stock grants and dividend equivalents. Subject to adjustment as provided in the Amended Plan and its share counting rules, the number of shares of Verint's common stock that may be issued or transferred will not exceed the sum of (i) 6,561,000 shares on an option-equivalent basis, plus (ii) the number of shares remaining available for issuance under the Existing Plan on June 19, 2025, plus (iii) the number of shares that become available for issuance under the Amended Plan share counting provisions (including, but not limited to, shares that are recycled as a result of forfeiture or cancellation of unvested awards outstanding under the Existing Plan and under the Verint Systems Inc. 2019 Long-Term Stock Incentive Plan). Further, awards to non-employee directors will be subject to the Non-Employee Director Compensation Limit (as defined in the Amended Plan). Amendment No. 1 also extends the term of the Amended Plan to June 19, 2035 and revises the fungible share counting ratio from 1.90 to 1.86.
Except as noted above, the principal features of the Amended Plan are the same as the principal features of the Existing Plan.
A copy of Amendment No. 1 has been filed as Exhibit 10.1 hereto and is incorporated herein by reference.
5.07 Submission of Matters to a Vote of Security Holders.
On June 19, 2025, Verint held its Annual Meeting. The following is a brief description of each matter voted upon at the Annual Meeting, as well as the number of votes cast for or against each matter and the number of abstentions and broker non-votes with respect to each matter, as applicable. A more complete description of each matter is set forth in the Company's definitive proxy statement filed with the Securities and Exchange Commission on May 8, 2025 (the "Proxy Statement").
1.Election of Directors. The Company's stockholders elected the following persons as directors to serve for the following year or until their successors are duly elected and qualified:
Name | Votes For | Votes Withheld | Broker Non-Votes | ||||||||
Dan Bodner | 58,594,941 | 1,114,331 | 4,144,922 | ||||||||
| Linda Crawford | 57,355,657 | 2,353,615 | 4,144,922 | ||||||||
| Reid French | 58,926,833 | 782,439 | 4,144,922 | ||||||||
Stephen Gold | 59,050,959 | 658,313 | 4,144,922 | ||||||||
William Kurtz | 59,008,483 | 700,789 | 4,144,922 | ||||||||
Andrew Miller | 59,179,140 | 530,132 | 4,144,922 | ||||||||
Richard Nottenburg | 56,690,693 | 3,018,579 | 4,144,922 | ||||||||
| Kristen Robinson | 57,102,148 | 2,607,124 | 4,144,922 | ||||||||
| Yvette Smith | 57,966,264 | 1,743,008 | 4,144,922 | ||||||||
Jason Wright | 59,022,409 | 686,863 | 4,144,922 | ||||||||
2.Ratification of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm. The Company's stockholders ratified the selection of Deloitte & Touche LLP as the Company's independent registered public accountants for the year ending January 31, 2026. The results of the voting were 62,241,400 votes for, 1,602,120 votes against, and 10,674 abstentions.
3.Approval of Named Executive Officer Compensation. The Company's stockholders approved, on a non-binding, advisory basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement. The results of the voting were 54,768,069 votes for, 4,922,670 votes against, 18,533 abstentions, and 4,144,922 broker non-votes.
4.Approval of Amendment No. 1 to the Verint Systems Inc. 2023 Long-Term Stock Incentive Plan. The Company's stockholders approved Amendment No. 1 to the Verint Systems Inc. 2023 Long-Term Stock Incentive Plan. The results of the voting were 55,196,563 votes for, 4,490,045 votes against, 22,664 abstentions, and 4,144,922 broker non-votes.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | ||||||||
| Number | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within XBRL document) | |||||||
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.
VERINT SYSTEMS INC. | ||||||||||||||
Date: | June 20, 2025 | |||||||||||||
By: | /s/ Peter Fante | |||||||||||||
Name: | Peter Fante | |||||||||||||
Title: | Chief Administrative Officer | |||||||||||||