Tyler Technologies Inc.
05/09/2024 | Press release | Distributed by Public on 05/09/2024 13:56
Submission of Matters to a Vote of Security Holders - Form 8-K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 9, 2024, Tyler Technologies, Inc. ("Tyler") held its 2024 annual meeting of stockholders (the "2024 Annual Meeting"). At the 2024 Annual Meeting, as described further in Item 5.07 below, Tyler's stockholders approved the amendment and restatement of the Tyler Technologies, Inc. 2018 Stock Incentive Plan (the "Amended and Restated 2018 Plan"), which had previously been approved by the Board of Directors of Tyler, subject to stockholder approval.
The primary change to the Amended and Restated 2018 Plan is to increase the number of shares of common stock available for delivery pursuant to share-based compensation awards granted under the plan by 4.60 million shares.
A more complete description of the terms of the Amended and Restated 2018 Plan can be found in "Proposal Four Approval of the Amended and Restated Tyler Technologies, Inc. 2018 Stock Incentive Plan" on pages 22-30 of Tyler's definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on March 29, 2024 (the "Proxy Statement"), which description is incorporated by reference herein. The description of the Amended and Restated 2018 Plan is qualified in its entirety by reference to the full text of the Amended and Restated 2018 Plan, a copy of which is filed as Exhibit 10.1 hereto.