8-KShareholder MattersExhibits & Filings

CARRIER GLOBAL Corp 8-K Report, Shareholder Vote Results (Apr 20, 2021)

Filed April 20, 2021For Securities:CARR

Summary

Carrier Global Corporation (CARR) filed an 8-K on April 20, 2021, reporting the final voting results from its 2021 Annual Meeting of Shareowners held on April 19, 2021. The meeting saw strong shareholder participation, with a significant majority of outstanding shares represented. Key outcomes include the uncontested election of all director nominees, an advisory approval of executive compensation, and the ratification of PricewaterhouseCoopers LLP as the company's independent auditor for the upcoming fiscal year. Furthermore, shareholders expressed a clear preference for an annual advisory vote on executive compensation, a recommendation that the Board of Directors has accepted. These results indicate shareholder confidence in the current board and the company's financial oversight practices. Investors should note the overwhelming support for management and auditor proposals, suggesting a stable governance environment at Carrier Global.

Key Highlights

  • 1All nominated directors were overwhelmingly elected to serve until the 2022 Annual Meeting.
  • 2Shareowners approved, on an advisory basis, the compensation of the Company’s named executive officers with substantial support.
  • 3PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal year 2021.
  • 4Shareowners overwhelmingly approved an annual advisory vote on executive compensation.
  • 5The Board of Directors has accepted the recommendation for an annual advisory vote on executive compensation.
  • 6A quorum of 767,817,561 shares was present or represented at the meeting, indicating strong shareholder engagement.

Frequently Asked Questions

The main outcomes included the election of all director nominees, advisory approval of executive compensation, and the appointment of PricewaterhouseCoopers LLP as the independent auditor. Additionally, shareholders voted in favor of an annual advisory vote on executive compensation, a decision accepted by the Board of Directors.

All director nominees received a significant majority of 'For' votes, with very few 'Against' votes, indicating strong shareholder confidence in the board's composition and leadership.

The advisory vote allows shareholders to express their opinion on the company's executive compensation practices. The overwhelming approval suggests shareholders are generally satisfied with how executive compensation is structured and awarded. The decision for an annual vote reinforces this shareholder oversight.

PricewaterhouseCoopers LLP has been appointed as the Company's independent registered public accounting firm to serve until the next Annual Meeting of Shareowners in 2022, subject to shareholder approval.