| Item 5.07 |
Submission of Matters to a Vote of Security Holders. |
On August 2, 2023, Syneos Health, Inc., a Delaware corporation (the “Company”), held a special meeting of stockholders (the “Special Meeting”) to consider certain proposals related to the Agreement and Plan of Merger (as it may be amended from time to time, the “Merger Agreement”), dated May 10, 2023, by and among the Company, Star Parent, Inc., a Delaware corporation (“Parent”), and Star Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”). The Merger Agreement provides that, upon the terms and subject to the satisfaction or waiver of the conditions set forth therein, Merger Sub will merge with and into the Company (the “Merger”), with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent.
As of June 26, 2023, the record date for the determination of stockholders entitled to vote at the Special Meeting, there were 103,714,183 shares of the Company’s Class A common stock outstanding and entitled to vote, each of which was entitled to one vote for each proposal at the Special Meeting. At the Special Meeting, a total of 78,143,780 shares of the Company’s Class A common stock, representing approximately 75.34% of the shares outstanding and entitled to vote, were present by remote communication or represented by proxy, constituting a quorum for the transaction of business at the Special Meeting.
At the Special Meeting, the Company stockholders considered three proposals, each of which is described in more detail in a definitive proxy statement filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) on June 27, 2023 and the supplemental disclosure to the proxy statement filed by the Company with the SEC on July 26, 2023. The final results regarding each proposal are set forth below.
Proposal No. 1 - To adopt the Merger Agreement and approve the transactions contemplated thereby, including the Merger, with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent (the “Merger Proposal”).
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| Votes For |
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Votes Against |
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Abstentions |
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Broker Non-Votes |
| 77,767,340 |
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192,248 |
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184,192 |
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— |
The Merger Proposal was approved by the requisite vote of the Company stockholders.
Proposal No. 2 - To approve, on an advisory non-binding basis, the compensation that may be paid or become payable to the Company’s named executive officers in connection with the Merger (the “Executive Compensation Proposal”).
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| Votes For |
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Votes Against |
|
Abstentions |
|
Broker Non-Votes |
| 75,392,552 |
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2,515,035 |
|
236,193 |
|
— |
The Executive Compensation Proposal was approved by the requisite vote of the Company stockholders.
Proposal No. 3 - To approve the adjournment of the Special Meeting to a later date or dates, if necessary or appropriate, including to solicit additional proxies if there are insufficient votes to approve the Merger Proposal at the time of the Special Meeting (the “Adjournment Proposal”).
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| Votes For |
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Votes Against |
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Abstentions |
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Broker Non-Votes |
| 73,127,768 |
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4,816,979 |
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199,033 |
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— |
The Adjournment Proposal was approved by the requisite vote of the Company stockholders.
Adjournment of the Special Meeting was deemed not necessary or appropriate and therefore the meeting was not adjourned to another date.