8-KShareholder Matters

CARPENTER TECHNOLOGY CORP 8-K Report, Shareholder Vote Results (Oct 13, 2010)

Filed October 13, 2010For Securities:CRS

Summary

Carpenter Technology Corporation (CRS) filed an 8-K on October 13, 2010, reporting on the outcomes of its Annual Meeting of Stockholders held on October 11, 2010. The primary focus of this filing is to provide the official voting results for key corporate governance matters. Investors will be interested to note that all four nominated directors were successfully elected to the Board for a term expiring in 2013, indicating shareholder confidence in the current leadership. Additionally, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2011 received strong approval from stockholders, signifying continued reliance on their audit services.

Key Highlights

  • 1The Annual Meeting of Stockholders for Carpenter Technology Corporation was held on October 11, 2010.
  • 2Four director nominees were elected to the Board of Directors, with terms expiring in 2013.
  • 3All nominated directors, including I. Martin Inglis, Peter N. Stephans, Kathryn C. Turner, and Stephen M. Ward, Jr., received a substantial majority of votes for their election.
  • 4Stockholders approved the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal year 2011.
  • 5The appointment of the independent auditor received a strong affirmative vote, with over 38.9 million votes in favor.
  • 6Broker non-votes were recorded for director elections, a common occurrence when shares are held in 'street name'.

Frequently Asked Questions

The main purpose of this 8-K filing was to report the official voting results from Carpenter Technology Corporation's Annual Meeting of Stockholders held on October 11, 2010.

Yes, all four nominated directors (I. Martin Inglis, Peter N. Stephans, Kathryn C. Turner, and Stephen M. Ward, Jr.) were elected to the Board of Directors with significant support from stockholders.

Yes, the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal year 2011 was approved by a substantial majority of the stockholders.

The voting results show strong support for both the director nominees and the appointment of the independent auditor. The presence of broker non-votes is standard for companies where shares are held in 'street name' and does not necessarily indicate a concern.