8-KShareholder Matters

AMETEK INC/ 8-K Report, Shareholder Vote Results (May 3, 2010)

Filed May 3, 2010For Securities:AME

Summary

This 8-K filing from AMETEK, Inc. reports on the outcomes of its Annual Stockholders' Meeting held on April 28, 2010. The primary focus of the report is the voting results on key corporate governance matters, specifically the election of directors and the ratification of the company's independent registered public accounting firm. Investors can gain insight into shareholder confidence in the company's leadership and financial oversight. The filing indicates that all nominated directors were elected with a significant majority of votes, demonstrating strong shareholder support for the current board. Furthermore, the appointment of Ernst & Young LLP as the independent auditor for 2010 was overwhelmingly ratified by stockholders, reinforcing confidence in the company's financial reporting and audit processes. This information is crucial for investors assessing the stability and governance practices of AMETEK.

Key Highlights

  • 1The Annual Stockholders' Meeting of AMETEK, Inc. was held on April 28, 2010.
  • 2Charles D. Klein and Steven W. Kohlhagen were elected to the Board of Directors for terms expiring in 2013.
  • 3Both director nominees received a substantial majority of votes in favor, indicating strong shareholder confidence in management.
  • 4Ernst & Young LLP was ratified as AMETEK's independent registered public accounting firm for the fiscal year 2010.
  • 5The ratification of the independent auditor received overwhelming support from stockholders, with a very low number of votes against.
  • 6The filing confirms that all votes were cast on matters presented at the annual meeting, providing transparency on shareholder participation.

Frequently Asked Questions

The main purposes of the Annual Stockholders' Meeting were to vote on the election of directors and to ratify the appointment of the company's independent registered public accounting firm.

Shareholders overwhelmingly elected the nominated directors. For example, Charles D. Klein received over 86.5 million 'For' votes, and Steven W. Kohlhagen received over 86.8 million 'For' votes, with relatively low numbers of 'Withheld' votes and broker non-votes.

Yes, the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2010 was overwhelmingly ratified by the stockholders, with over 97.3 million votes in favor and only about 1.3 million votes against.

The strong voting results in favor of director elections and the ratification of the independent auditor suggest a high level of confidence from shareholders in AMETEK's current board of directors and its financial oversight and reporting processes.