Franklin Resources Inc.
02/08/2024 | Press release | Distributed by Public on 02/08/2024 13:44
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.
(b) On February 6, 2024, the Board of Directors (the "Board") of Franklin Resources, Inc. (the "Company") removed Ms. Gwen L. Shaneyfelt as Chief Accounting Officer of the Company pursuant to various organizational changes. As of such date, Ms. Shaneyfelt will no longer serve as principal accounting officer of the Company but will remain with the Company serving as an executive vice president.
(c) On February 6, 2024, the Board appointed Ms. Lindsey H. Oshita, currently Senior Vice President and Chief Accounting Officer - Americas for the Company, as Chief Accounting Officer and the principal accounting officer of the Company. Ms. Oshita, age 41, has served as Senior Vice President and Chief Accounting Officer - Americas for the Company since September 2019. She previously served as Director of Global Accounting Policy for the Company from October 2014 to September 2019. She has served as a corporate officer of certain subsidiaries of the Company since September 2019. She joined the Company in December 2009.
(e) At the annual meeting of stockholders of the Company held on February 6, 2024 (the "Annual Meeting"), the Company's stockholders approved an amendment and restatement of the Company's 2002 Universal Stock Incentive Plan ("USIP") to increase the number of shares of common stock, par value $0.10 per share, of the Company available for delivery under the USIP by 25 million shares. A brief description of the terms and conditions of the USIP is set forth in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on December 27, 2023 (the "Proxy Statement") under the heading "Proposal No. 3: Approval of an Amendment and Restatement of the Company's 2002 Universal Stock Incentive Plan." The descriptions of the USIP contained herein and in the Proxy Statement are qualified in their entirety by reference to the full text of the USIP that is attached hereto as Exhibit 10.1.
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