8-KShareholder MattersExhibits & Filings

AMETEK INC/ 8-K Report, Shareholder Vote Results (May 9, 2013)

Filed May 9, 2013For Securities:AME

Summary

AMETEK, Inc. (AME) filed an 8-K report on May 8, 2013, detailing the outcomes of its Annual Meeting of Stockholders held on May 7, 2013. The primary focus of this filing is to inform investors about key corporate governance and structural decisions approved by shareholders. Notably, the company received strong support for the election of directors and the ratification of its independent auditors, Ernst & Young LLP. A significant development reported is the approval of an amendment to the Certificate of Incorporation, which doubles the authorized shares of Common Stock from 400,000,000 to 800,000,000. This move is crucial for providing the company with greater financial flexibility for future strategic initiatives, such as potential acquisitions or other corporate actions. Additionally, shareholders provided advisory approval for the company's executive compensation plan.

Key Highlights

  • 1AMETEK's Annual Meeting of Stockholders was held on May 7, 2013, with results reported on May 8, 2013.
  • 2All nominated directors for election, including Ruby R. Chandy, Charles D. Klein, and Steven W. Kohlhagen, were elected with substantial shareholder support.
  • 3Shareholders overwhelmingly approved an amendment to the Certificate of Incorporation to increase the authorized Common Stock from 400,000,000 to 800,000,000 shares.
  • 4The advisory vote on executive compensation received a favorable majority of shareholder approval.
  • 5Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2013.
  • 6The filing confirms the company's commitment to robust corporate governance through director elections and auditor ratification.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report the results of AMETEK, Inc.'s Annual Meeting of Stockholders, specifically detailing the votes on the election of directors, an amendment to the Certificate of Incorporation, advisory approval of executive compensation, and the ratification of the independent auditor.

AMETEK increased its authorized shares of Common Stock from 400,000,000 to 800,000,000 to provide the company with enhanced financial flexibility. This expanded authorization is typically to facilitate future strategic actions, such as acquisitions, stock-based compensation, or other corporate financing needs.

The advisory vote on the company's executive compensation was approved by a significant majority of shareholders, indicating general satisfaction with the compensation structure for the company's executive officers.

Ernst & Young LLP was ratified by the shareholders as AMETEK's independent registered public accounting firm for the fiscal year ending December 31, 2013.