07/23/2026 | Press release | Distributed by Public on 07/23/2026 15:13
| Item 5.07 |
Submission of Matters to a Vote of Security Holders. |
A special meeting of stockholders (the "Special Meeting") of Organon & Co., a Delaware corporation (the "Company"), was held on July 23, 2026 at 10:00 a.m., Eastern Time, via a virtual meeting website. The Special Meeting was held in order to vote upon the proposals set forth in the definitive proxy statement of the Company filed with the Securities and Exchange Commission (the "SEC") on June 17, 2026 (the "Proxy Statement") relating to the merger transaction contemplated by the Agreement and Plan of Merger (as it may be amended or supplemented from time to time, the "Merger Agreement"), dated April 26, 2026, by and among the Company, Sun Pharmaceutical Holdings USA, Inc. ("Sun Pharma USA"), and Sun Pharma America, Inc., a wholly owned subsidiary of Sun Pharma USA ("Merger Sub") and, solely for certain specified provisions, Sun Pharmaceutical Industries Limited, Sun Pharma Canada Inc. and Sun Pharma (Netherlands) B.V., pursuant to which Merger Sub will be merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Sun Pharma USA (the "Merger").
As of the close of business on June 15, 2026, the record date for the Special Meeting (the "Record Date"), there were 262,609,433 shares of the Company's Common Stock, par value $0.01 per share ("Common Stock"), outstanding and entitled to vote at the Special Meeting. A total of 195,675,859 shares of Common Stock were represented virtually or by proxy at the Special Meeting, representing 74.51% of the total voting power of the Common Stock, which constituted a quorum to conduct business at the Special Meeting. Each holder of Common Stock was entitled to one vote for each share of Common Stock held of record as of the Record Date.
The following are the voting results of the proposals considered and voted upon at the Special Meeting, each of which is described in the Proxy Statement:
Proposal No. 1
To adopt the Merger Agreement. The proposal was approved by the votes indicated below:
|
Votes For |
Votes Against |
Votes Abstaining |
Broker Non-Votes |
|||
|
192,776,552 |
2,573,118 |
326,189 |
0 |
Proposal No. 2
To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to the Company's named executive officers that is based on or otherwise relates to the Merger. The proposal was approved by the votes indicated below:
|
Votes For |
Votes Against |
Votes Abstaining |
Broker Non-Votes |
|||
|
185,141,986 |
9,553,830 |
980,043 |
0 |