01—Abstract
Summary
Summary of the 8-K filed April 21, 2023. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from Carrier Global Corp (CARR) reports on the outcomes of its 2023 Annual Meeting of Shareowners held on April 20, 2023.
The primary information of note for investors concerns the voting results on key corporate governance and executive compensation matters. All director nominees were elected, and shareowners approved, on an advisory basis, the compensation of the Company's named executive officers.
Furthermore, the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2023 was ratified. Notably, a shareowner proposal to separate the roles of Chairman of the Board and Chief Executive Officer did not receive sufficient support to pass.
02—Key points
Key Highlights
- All nine director nominees presented at the 2023 Annual Meeting were elected by shareowners.
- Shareowners approved, on an advisory basis, the compensation of Carrier Global's named executive officers.
- The appointment of PricewaterhouseCoopers LLP as the Company's independent auditor for 2023 was ratified by shareowners.
- A significant majority of votes were cast against the shareowner proposal to separate the Chairman and CEO roles.
- A substantial quorum of 756,823,490 shares of common stock was present or represented at the meeting, indicating strong shareowner engagement.
- The filing provides final voting results for all submitted matters, including director elections, executive compensation, auditor ratification, and a specific shareowner proposal.
03—Questions
Frequently Asked Questions
Were the company's directors elected at the annual meeting?
Yes, all nine director nominees presented by the Company were elected by shareowners to serve for a term expiring at the 2024 Annual Meeting of Shareowners or until their successors are duly elected and qualified.
Did shareowners approve the executive compensation plan?
Yes, the proposal to approve, on an advisory basis, the compensation of the Company's named executive officers received majority support from shareowners.
Was the company's auditor ratified?
Yes, shareowners ratified the appointment of PricewaterhouseCoopers LLP as Carrier Global's independent registered public accounting firm to serve as the Company's independent auditor for the fiscal year 2023.
What was the outcome of the shareowner proposal regarding the separation of Chairman and CEO roles?
The shareowner proposal requesting the adoption of a policy to separate the offices of Chairman of the Board and Chief Executive Officer was not approved, as it received more votes against than for.
04—Continue