Form 8-K - Current report
May 12 2025 - 4:46PM
Edgar (US Regulatory)
false
0001764046
00-0000000
0001764046
2025-05-07
2025-05-07
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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
Date of Report (Date of earliest event reported):
May 12, 2025 (May 7, 2025)
CLARIVATE PLC
(Exact name of registrant as specified in its
charter)
Jersey, Channel Islands
(State or other jurisdiction of incorporation or organization)
001-38911 |
N/A |
(Commission File Number) |
(I.R.S Employer Identification No.) |
70 St. Mary Axe
London
EC3A 8BE
United
Kingdom
(Address of Principal Executive Offices)(Zip Code)
(44) 207-433-4000
(Registrant’s Telephone Number, Including
Area Code)
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 Exchange Act:
Title of each class |
|
Trading symbol(s) |
|
Name of each exchange on which registered |
Ordinary shares, no par value |
|
CLVT |
|
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 5.07. | Submission of Matters to a Vote of Security Holders |
On May 7, 2025, Clarivate Plc (“Clarivate”
or the “Company”) held its 2025 Annual General Meeting of Shareholders.
At that meeting, the shareholders considered
and acted upon five proposals pursuant to the Notice of Annual General Meeting of Shareholders and as described in more detail in the
Company’s definitive proxy statement dated March 28, 2025 (the “Proxy Statement”).
Of 688,956,113 ordinary shares outstanding
and entitled to vote as of March 10, 2025 (the “Record Date”), the holders of 659,171,835 ordinary shares were present at
the meeting either in person or by proxy, constituting a quorum.
All proposals on the agenda were approved
by the shareholders.
Below are the final voting results.
In tabulating the voting results, only FOR or AGAINST votes are counted. Broker non-votes and abstentions are counted only for purposes
of determining whether a quorum is present.
Proposal 1: Election of Directors
Shareholders elected the individuals
named below to serve as directors of the Company, until the Company’s 2026 Annual General Meeting, or until their successor is duly
elected and qualified, or their earlier resignation or removal. Election of each director required approval by a simple majority of the
votes cast by, or on behalf of, the shareholders entitled to vote in person or represented by proxy.
Nominee |
|
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
Andrew Snyder |
|
609,288,151 |
|
18,870,707 |
|
10,850,539 |
|
20,162,438 |
Valeria Alberola |
|
626,579,233 |
|
1,520,744 |
|
10,909,420 |
|
20,162,438 |
Jane Okun Bomba |
|
620,888,626 |
|
7,198,642 |
|
10,922,129 |
|
20,162,438 |
Usama N. Cortas |
|
623,801,935 |
|
4,311,807 |
|
10,895,655 |
|
20,162,438 |
Suzanne Heywood |
|
595,610,135 |
|
32,401,139 |
|
10,998,123 |
|
20,162,438 |
Adam T. Levyn |
|
623,280,366 |
|
4,831,503 |
|
10,897,528 |
|
20,162,438 |
Anthony Munk |
|
614,965,624 |
|
13,121,612 |
|
10,922,161 |
|
20,162,438 |
Wendell Pritchett |
|
609,866,189 |
|
18,256,676 |
|
10,886,532 |
|
20,162,438 |
Saurabh Saha |
|
625,048,677 |
|
3,037,993 |
|
10,922,727 |
|
20,162,438 |
Matitiahu (Matti) Shem Tov |
|
626,794,091 |
|
1,228,642 |
|
10,986,664 |
|
20,162,438 |
Proposal 2: Advisory Approval of
Executive Compensation
Shareholders approved, on an advisory,
non-binding basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement. Approval required
a simple majority of the votes cast by, or on behalf of, the shareholders entitled to vote in person or represented by proxy.
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
619,205,075 |
|
8,950,331 |
|
10,853,991 |
|
20,162,438 |
Proposal 3: Ratification of Appointment of Independent Registered
Public Accountants
Shareholders reappointed PricewaterhouseCoopers LLP as the Company’s
auditors, ratified their appointment as the Company’s independent registered public accountants for the fiscal year 2025 on a non-binding
and advisory basis, and authorized the Company’s Board of Directors, acting through its Audit Committee, to determine the fees to
be paid to the auditors. Ratification required a simple majority of the votes cast by, or on behalf of, the shareholders entitled to vote
in person or represented by proxy.
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
645,344,218 |
|
2,868,670 |
|
10,958,947 |
|
— |
Proposal 4: Approval of the Clarivate Plc Amended and Restated 2019
Incentive Award Plan
Shareholders approved the Clarivate Plc Amended and Restated 2019 Incentive
Award Plan. Approval required a simple majority of the votes cast by, or on behalf of, the shareholders entitled to vote in person or
represented by proxy.
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
558,462,654 |
|
69,708,837 |
|
10,837,906 |
|
20,162,438 |
Proposal 5: Authorization to Repurchase the Company’s Ordinary
Shares in Open-Market Transactions
Shareholders authorized the Company to conduct open-market purchases
of its ordinary shares from time to time as approved by the Board of Directors. The first resolution pursuant to Proposal 5 was approved
as a special resolution that required at least two-thirds of the votes cast by, or on behalf of, the shareholders entitled to vote in
person or represented by proxy. The second resolution pursuant to Proposal 5 was an ordinary resolution that required a simple majority
of the votes cast by, or on behalf of, the shareholders entitled to vote in person or represented by proxy.
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
627,212,208 |
|
676,681 |
|
11,120,508 |
|
20,162,438 |
Date of 2026 Annual General Meeting of Shareholders
Clarivate’s 2026 Annual General Meeting of Shareholders will
be held on May 14, 2026. Further details will be provided in the proxy statement for the meeting.
Item 9.01. |
Financial Statements
and Exhibits |
(d) Exhibits
No. |
Description |
104 |
Cover page of this Current Report on Form 8-K formatted in Inline XBRL |
SIGNATURE
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, thereunto duly authorized.
|
CLARIVATE PLC |
|
|
|
Date: May 12, 2025 |
By: |
/s/ John Doulamis |
|
Name: |
John Doulamis |
|
Title: |
Senior Vice President and General Counsel |
v3.25.1
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionISO 3166-1 alpha-2 country code.
+ References
+ Details
Name: |
dei_EntityAddressCountry |
Namespace Prefix: |
dei_ |
Data Type: |
dei:countryCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Clarivate (NYSE:CLVT)
Historical Stock Chart
From May 2025 to Jun 2025
Clarivate (NYSE:CLVT)
Historical Stock Chart
From Jun 2024 to Jun 2025