Synchrony Financial
Synchrony Financial Approves New Long-Term Incentive Plan and Updates Corporate Charter
Summary
Synchrony Financial held its 2024 Annual Meeting of Stockholders on June 11, 2024, where stockholders approved the Company's 2024 Long-Term Incentive Plan and an amendment to the Amended and Restated Certificate of Incorporation. The 2024 Plan replaces the Prior Plan and reserves 27,500,000 shares of common stock for delivery under various stock-based awards. Additionally, the Company filed the Second Amended and Restated Certificate of Incorporation with the Delaware Secretary of State, which updates the exculpation provision to cover officers.
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Exhibits (2)
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About Synchrony Financial
Synchrony Financial is a consumer financial services company primarily focused on providing private-label credit cards. It serves as a key partner to a variety of retailers, manufacturers, and healthcare providers, enabling them to offer customized credit solutions to their customers. Synchrony Financial's products extend beyond credit cards to include promotional financing, installment lending, and loyalty programs, often aimed at enhancing customer retention and satisfaction for its partners. The company plays a significant role in industries such as retail, health and wellness, automotive, and home, where it provides targeted financial solutions that are integrated into the point of sale. This integration makes Synchrony a crucial player in consumer finance, as it supports both businesses and consumers through flexible payment options. Headquartered in Stamford, Connecticut, Synchrony Financial was established in 2003. It is a major issuer of private-label credit cards in the United States, contributing to the retail sector's growth by empowering consumers to make purchases and manage payments over time. The company's financial products are influential in promoting accessible credit, supporting economic activity, and fostering customer loyalty within numerous commercial sectors.
Official SEC Documents
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