DEFA14A: Cannae Holdings Updates Proxy Statement Regarding Broker Non-Votes for Incentive Plan Amendment

Cannae Holdings amends its proxy statement to clarify the effect of broker non-votes on the approval of the amendment and restatement of its 2017 Omnibus Incentive Plan at the upcoming Annual Meeting of Stockholders.

Summary

• Cannae Holdings has filed a supplement to its proxy statement dated April 26, 2024.
• The supplement clarifies the effect of broker non-votes on Proposal No. 3, which concerns the approval of the amendment and restatement of the company's 2017 Omnibus Incentive Plan.
• The Annual Meeting of Stockholders will be held on Wednesday, June 19, 2024, at 10:00 a.m. Pacific Time.
• For Proposal No. 3, the affirmative vote of a majority of the shares represented and entitled to vote at the meeting is required for approval, meaning abstentions and broker non-votes will be counted as votes against the proposal.
• The supplement advises shareholders who have already voted that they do not need to vote again unless they wish to change or revoke their prior vote.
• The proxy materials, including the supplement, Notice of Meeting, Proxy Statement, Form of Proxy Card, and 2023 Annual Report, are available at proxyvote.com.

Sentiment

Score: 7

Explanation: The document is a routine update to a proxy statement, indicating a neutral sentiment. It provides necessary clarification for shareholders.

Stakeholder Impact

• Shareholders are directly impacted by the clarification on how their votes will be counted, particularly regarding Proposal No. 3.

Next Steps

• Shareholders should review the updated proxy statement and consider whether they need to change or revoke their prior vote.

Key Dates

Keywords

proxy statement, Cannae Holdings, Annual Meeting, broker non-votes, incentive plan, Proposal No. 3, stockholders