Plexus Corp. 2026 Annual Meeting Results: Key Shareholder Insights
Plexus Corp. Announces Results of 2026 Annual Shareholder Meeting
Date: February 19, 2026
Ticker: PLXS
Exchange: NASDAQ
Key Highlights from the 2026 Annual Meeting
-
All Board Nominees Elected:
Shareholders re-elected the company’s slate of directors for another one-year term. The following directors were confirmed:
- Peter Kelly: 24,581,888 votes for, 87,580 against
- Joel Quadracci: 24,579,178 votes for, 90,290 against
- Jennifer B. Wuamett: 24,574,847 votes for, 94,621 against
Broker non-votes for each director: 1,032,978
-
Advisory Vote on Executive Compensation:
The proposal to approve the compensation of Plexus Corp.’s named executive officers received strong but not unanimous support:
- For: 21,498,630
- Against: 2,207,349
- Abstain: 963,489
- Broker non-votes: 1,032,978
This “say-on-pay” result signals general shareholder satisfaction with executive pay, but a notable ~9% ‘against’ vote may indicate some concern among investors.
-
Ratification of Independent Auditors:
Shareholders ratified PricewaterhouseCoopers LLP as the company’s independent auditors for fiscal 2026:
- For: 24,258,094
- Against: 1,427,553
- Abstain: 16,799
- Broker non-votes: 0
The strong majority in favor suggests investor confidence in the company’s financial oversight and reporting.
Important Information for Shareholders
-
No Emerging Growth Company Status: Plexus Corp. is not classified as an emerging growth company. This means it is subject to the full spectrum of SEC reporting and compliance obligations.
-
Shareholder Proposals and Price Sensitivity:
-
Director Elections: The re-election of all directors without significant opposition indicates governance stability. However, the narrow margin of ‘against’ votes for executive compensation could signal brewing shareholder concerns about pay practices, which may warrant monitoring in future meetings.
-
Auditor Ratification: A small but meaningful minority (~5.6%) voted against ratifying the auditors, which could indicate a desire for closer scrutiny of accounting practices. While not immediately price-sensitive, such trends can be precursors to broader calls for change.
-
No Announcements on M&A, Dividends, or Strategic Shifts: The 8-K filing does not include new information about corporate actions such as mergers, acquisitions, or dividend policy, nor does it announce any change in strategic direction.
Shareholder Voting Results Table
| Proposal |
For |
Against |
Abstain |
Broker Non-Votes |
| Director Election (Peter Kelly) |
24,581,888 |
87,580 |
N/A |
1,032,978 |
| Director Election (Joel Quadracci) |
24,579,178 |
90,290 |
N/A |
1,032,978 |
| Director Election (Jennifer B. Wuamett) |
24,574,847 |
94,621 |
N/A |
1,032,978 |
| Executive Compensation (Advisory) |
21,498,630 |
2,207,349 |
963,489 |
1,032,978 |
| Ratification of PwC as Auditor |
24,258,094 |
1,427,553 |
16,799 |
0 |
Potential Impact on Share Price
The 2026 Annual Meeting results do not contain any immediately price-sensitive surprises. All directors were re-elected and the advisory say-on-pay vote passed with a strong majority, though a meaningful minority opposed executive compensation. The auditor ratification passed comfortably. Shareholders should monitor future meetings for shifts in these trends, especially regarding executive pay and auditor ratification, as growing dissent could eventually impact governance or management.
No M&A, dividend, or other strategic announcements were made in this filing that would have direct and immediate influence on share price.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making investment decisions. The author assumes no responsibility for any actions taken based on the information provided above.
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