Geo Group (GEO) has issued an update.
The GEO Group, Inc. held its 2024 Annual Meeting on May 3, where shareholders approved key proposals, including the Second Amended and Restated 2018 Stock Incentive Plan, which aims to enhance the company’s equity compensation program by increasing the number of shares available for issuance. This plan is designed to attract and retain top talent by aligning their interests with those of the shareholders and supporting a performance-driven pay culture. Additionally, the authorization of more common stock shares and the ratification of the company’s independent accountants were approved, while a shareholder proposal for a racial equity audit was not passed.
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