NetScout Systems Inc.

09/17/2024 | Press release | Distributed by Public on 09/17/2024 15:22

Proxy Results Form 8 K

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 12, 2024, NetScout Systems, Inc. (the "Company") held its 2024 annual meeting of stockholders (the "2024 Annual Meeting"). At the 2024 Annual Meeting, the Company's stockholders approved an amendment to the Company's 2019 Equity Incentive Plan (the "Amended 2019 Plan") to increase the aggregate number of shares of the Company's common stock authorized for issuance thereunder by 3,400,000 shares. The Company's board of directors (the "Board") previously approved the Amended 2019 Plan, subject to stockholder approval, on June 4, 2024 and July 22, 2024. The Amended 2019 Plan became effective immediately upon stockholder approval at the 2024 Annual Meeting.

A more detailed summary of the material features of the Amended 2019 Plan is set forth in the Company's Definitive Proxy Statement on Schedule 14A for the 2024 Annual Meeting filed with the Securities and Exchange Commission on July 25, 2024 (the "Proxy Statement") under the caption "Proposal 2: Approval of the NetScout Systems, Inc. 2019 Equity Incentive Plan, As Amended." That detailed summary and the foregoing description of the Amended 2019 Plan are qualified in their entirety by reference to the full text of the Amended 2019 Plan, which is filed as Appendix B to the Proxy Statement.