Form: 8-K

Current report

June 6, 2025

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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

 

June 3, 2025

Date of Report (Date of Earliest Event Reported)

 

Fortive Corporation 

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

 Delaware
(State or Other Jurisdiction
Of Incorporation)
001-37654
(Commission
File Number)
47-5654583
(I.R.S. Employer
Identification No.)
     
  6920 Seaway Blvd
Everett
, WA 98203
(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (425) 446-5000 

 

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 Symbols   Name of Each Exchange on Which Registered  
Common stock, par value $.01 per share   FTV   New York Stock Exchange
3.700% Notes due 2026   FTV26A   New York Stock Exchange
3.700% Notes due 2029   FTV29   New York Stock Exchange

 

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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

At the Annual Meeting held on June 3, 2025 (the “Annual Meeting”), and as further described in Item 5.07 below, the shareholders of Fortive Corporation (the “Company”) approved the Fortive Corporation Amended and Restated 2016 Stock Incentive Plan (the “Restated Plan”) to extend the term of the plan until February 24, 2035. A description of the material terms of the Restated Plan is set forth in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 22, 2025 (the “Proxy Statement”) and is incorporated herein by reference. The description of the Restated Plan is qualified in its entirety by reference to the Restated Plan referenced as Exhibit 10.1 hereto.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

At the Annual Meeting, the Company’s shareholders voted on the following five proposals:

 

Proposal 1: To elect the nine director nominees named in the Proxy Statement, each for a one-year term expiring at the 2026 annual meeting and until his or her respective successor is duly elected and qualified. Each nominee for director was elected by a vote of the shareholders as follows:

 

    For     Against     Abstain     Broker Non-Votes  
Eric Branderiz     304,278,294       3,373,291       721,740       10,309,118  
Daniel L. Comas     304,351,769       3,442,181       579,375       10,309,118  
Sharmistha Dubey     297,410,834       10,379,383       583,108       10,309,118  
Rejji P. Hayes     305,305,790       2,485,357       582,178       10,309,118  
Wright L. Lassiter III     304,317,765       3,471,184       584,376       10,309,118  
James A. Lico     307,317,196       472,673       583,456       10,309,118  
Kate D. Mitchell     298,056,539       9,735,875       580,911       10,309,118  
Gregory J. Moore     307,067,081       722,996       583,248       10,309,118  
Jeannine Sargent     302,559,897       5,233,425       580,003       10,309,118  

 

Proposal 2: To approve on an advisory basis the Company’s named executive officer compensation. The proposal was approved by a vote of the shareholders as follows:

 

For     266,880,634  
Against     41,314,383  
Abstain     178,308  
Broker Non-Votes     10,309,118  

 

Proposal 3: To approve the amendment and restatement of the 2016 Stock Incentive Plan to extend the term of the plan. The proposal was approved by a vote of the shareholders as follows:

 

For     251,683,703  
Against     56,549,243  
Abstain     140,379  
Broker Non-Votes     10,309,118  

 

Proposal 4: To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025. The proposal was approved by a vote of the shareholders as follows:

 

For     305,927,970  
Against     12,643,094  
Abstain     111,379  

 

Proposal 5: To act upon a shareholder proposal to amend Fortive’s governing documents to reduce the ownership requirement for shareholders to call a special meeting from 25% of Fortive’s common stock to 10%. The proposal was rejected by a vote of the shareholders as follows: 

 

For     109,292,430  
Against     198,849,449  
Abstain     231,446  
Broker Non-Votes     10,309,118  

 

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Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit Number   Exhibit Description
10.1   Fortive Corporation Amended and Restated 2016 Stock Plan (incorporated by reference from Appendix B to Fortive Corporation’s Proxy Statement on Schedule 14A filed on April 21, 2025 (Commission File Number: 1-37654))
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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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.

 

  FORTIVE CORPORATION
     
  By:  /s/ Daniel B. Kim
    Name: Daniel B. Kim
    Title: Vice President, Associate General Counsel and Secretary

 

Date: June 6, 2025