Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
November 03 2022 - 6:54AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November
2022
PEARSON plc
(Exact
name of registrant as specified in its charter)
N/A
(Translation
of registrant's name into English)
80 Strand
London, England WC2R 0RL
44-20-7010-2000
(Address
of principal executive office)
Indicate
by check mark whether the Registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F:
Form
20-F
X
Form 40-F
Indicate
by check mark whether the Registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934
Yes
No X
PEARSON PLC
RESULTS OF ANNUAL GENERAL MEETING ON 29 APRIL 2022 - UPDATE
STATEMENT
In accordance with the UK Corporate Governance Code,
Pearson plc ("Pearson" or the "Company") is providing this update
following the outcome of the Annual General Meeting on 29 April
2022. Whilst the Board very
much appreciated the support by the majority of shareholders, it
was naturally disappointed a significant minority (23.47%)
voted against the Company's remuneration
report.
The feedback we have received indicates that this outcome continues
to reflect the views held by some of Pearson's shareholders around
the structure of the Co-investment award, which was designed to
secure the appointment of the Chief Executive Officer and voted on
by shareholders in September 2020. The Company's remuneration
report will continue to include detailed disclosure around the
structure of this award as well as the Remuneration Committee's
consideration of the performance underpins. Prior to the vesting of
each tranche of the award, the Committee undertakes a thorough and
robust review process which considers a holistic view of the wider
stakeholder experience.
This year, the Remuneration Committee is undertaking a
comprehensive review of Pearson's executive remuneration framework
ahead of the renewal of the Directors' Remuneration Policy at the
2023 AGM, in line with the normal three-year cycle in the UK.
As part of this process, the Committee is engaging extensively with
shareholders. Pearson would like to thank all those who have
participated in the engagement exercise to date or will do so in
due course. All feedback received is invaluable to the Remuneration
Committee as it develops and refines its proposals.
Pearson is committed to having a constructive and positive
relationship with all its shareholders and their advisers and will
continue to engage as appropriate going forward. Full details of
the proposed new Directors' Remuneration Policy and its
implementation for 2023 will be disclosed in our 2022 Annual
Report.
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.
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PEARSON
plc
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Date:
03 November 2022
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By: /s/
NATALIE WHITE
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------------------------------------
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Natalie
White
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Deputy
Company Secretary
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