Select Medical Holdings Corp. (SEM) has issued an update.
During the recent Annual Meeting of Select Medical Holdings Corporation, stockholders approved an amendment to the 2020 Equity Incentive Plan, increasing the share reserve to 5,925,000 and instituting a one-year minimum vesting period for awards. This move, allowing for certain exceptions and discretion for the Human Capital and Compensation Committee, aims to enhance the company’s equity incentive structure. Additionally, stockholders voted on several key proposals, including the election of three Class III Directors, executive compensation, and the ratification of the company’s independent auditor, all of which passed with majority support.
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