Item 5.07. |
Submission of Matters to a Vote of Security Holders. |
On June 13, 2024, WestRock Company, a Delaware corporation (the Company), held a special meeting of stockholders (the Special
Meeting) to vote on the proposals described in the Companys definitive proxy statement filed with the Securities and Exchange Commission on April 26, 2024 (the Proxy Statement). A total of 258,153,168 shares of the
Companys common stock were entitled to vote at the close of business on May 1, 2024, the record date for the Special Meeting. At the Special Meeting, 197,562,369 shares of the Companys common stock were present or represented by
proxy, representing approximately 76.53% of all shares of the Companys common stock outstanding and entitled to vote, which constituted a quorum.
A
brief description of the proposals and the final voting results for each proposal follow:
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1. |
The Companys stockholders approved the proposal to approve and adopt the Transaction Agreement, dated as
of September 12, 2023, as it may be amended, supplemented or otherwise modified from time to time, by and among Smurfit Kappa Group plc (Smurfit Kappa), Smurfit WestRock Limited (formerly known as Cepheidway Limited and to be re-registered as an Irish public limited company and renamed Smurfit WestRock plc) (Smurfit WestRock), Sun Merger Sub, LLC, a wholly owned subsidiary of Smurfit WestRock, and the Company.
|
|
|
|
|
|
For |
|
Against |
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Abstain |
197,100,539 |
|
355,043 |
|
106,787 |
|
2. |
The Companys stockholders approved the non-binding, advisory
proposal to approve compensation that will or may become payable by the Company to its named executive officers in connection with the Combination (as defined in the Proxy Statement). |
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|
|
|
|
For |
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Against |
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Abstain |
188,811,365 |
|
8,295,079 |
|
455,925 |
|
3. |
The Companys stockholders approved the non-binding, advisory
proposal to approve the reduction of the share premium of Smurfit WestRock to allow the creation of distributable reserves of Smurfit WestRock, which are required under Irish law in order for Smurfit WestRock to pay dividends and make
other types of distributions and to repurchase or redeem shares following the Combination, if and when the board of directors of Smurfit WestRock should determine to do so. |
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|
|
|
|
For |
|
Against |
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Abstain |
196,880,469 |
|
531,385 |
|
150,515 |
Additional Information about the Combination and Where to Find It
In connection with the Merger (as defined in the Proxy Statement), Smurfit WestRock has filed with the SEC the S-4,
which includes the proxy statement/prospectus relating to the offer and sale of the Smurfit WestRock shares to WestRock stockholders pursuant to the Merger. In addition, on April 26, 2024, WestRock filed the proxy statement/prospectus with the
SEC with respect to the Special Meeting in connection with the Merger. WestRock commenced mailing of the proxy statement/prospectus to WestRock stockholders on or about May 1, 2024. This announcement is not a substitute for any registration
statement, prospectus, proxy statement or other document that Smurfit Kappa, WestRock and/or Smurfit WestRock have filed or may file with the SEC in connection with the Combination (as defined in the Proxy Statement).
Before making any investment decisions, investors, stockholders of WestRock are urged to read carefully and in their entirety the S-4 and the proxy statement/prospectus, and any other relevant documents that are filed or will be filed with the SEC, as well as any amendments or supplements to these documents, in connection with the Combination
when they become available, because they contain or will contain important information about the Combination, the parties to the Combination, the risks associated with the Combination and related matters, including information about certain of the
parties respective directors, executive officers and other employees who may be deemed to be participants in the solicitation of proxies in connection with the Combination and about their interests in the solicitation.
The S-4, the proxy statement/prospectus and other documents filed by WestRock, Smurfit WestRock or Smurfit Kappa with
the SEC are available free of charge at the SECs website at www.sec.gov. In addition, investors and stockholders are able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by WestRock online
at ir.westrock.com/ir-home/, upon written request delivered to 1000 Abernathy Road, Atlanta, Georgia 30328, United States, or by calling +1 (770) 448-2193, and are able to obtain free copies of the S-4 and other documents filed with the SEC by Smurfit WestRock or Smurfit Kappa upon written request delivered to Beech Hill, Clonskeagh, Dublin 4, D04 N2R2, Ireland or by calling +353 1 202 7000. The information
included on, or accessible through, WestRocks website is not incorporated by reference into this announcement.