8-KShareholder Matters

CURTISS WRIGHT CORP 8-K Report, Shareholder Vote Results (May 10, 2019)

Filed May 10, 2019For Securities:CW

Summary

Curtiss-Wright Corporation (CW) filed an 8-K on May 10, 2019, to report the results of its Annual Meeting of Stockholders held on May 9, 2019. The primary purpose of this filing was to provide an update on key shareholder votes, including the election of directors, the ratification of the independent auditor, and an advisory vote on executive compensation. The outcomes indicate strong shareholder support for the company's current leadership and its financial reporting practices.

Key Highlights

  • 1All nominated directors were overwhelmingly elected, demonstrating shareholder confidence in the company's leadership and governance.
  • 2Deloitte & Touche LLP was ratified as Curtiss-Wright's independent registered public accounting firm for 2019 with substantial approval from shareholders.
  • 3An advisory proposal to approve the compensation of named executive officers received a majority of 'FOR' votes, indicating shareholder support for the company's executive compensation policies.
  • 4The election of directors saw very high 'FOR' vote percentages, with most nominees receiving over 31.5 million 'FOR' votes against a relatively small number of 'WITHHELD' votes.
  • 5The ratification of the auditor was approved by a significant margin, with over 38.3 million 'FOR' votes.
  • 6The advisory vote on executive compensation, while approved, had a notable number of 'BROKER NON-VOTES', suggesting some institutional investors may not have voted on this specific matter or abstained through their brokers.

Frequently Asked Questions

The main purpose of this 8-K filing was to report the official results of Curtiss-Wright Corporation's Annual Meeting of Stockholders held on May 9, 2019. This includes the voting outcomes for the election of directors, ratification of the independent auditor, and an advisory vote on executive compensation.

Yes, shareholders overwhelmingly approved the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2019. The proposal received over 38.3 million 'FOR' votes.

Shareholders approved, on an advisory basis, the compensation paid to the company's named executive officers. The proposal received approximately 31.58 million 'FOR' votes, compared to about 852,490 'AGAINST' votes. However, there were also over 6 million 'BROKER NON-VOTES', indicating that a significant portion of shares held in 'street name' did not have their votes cast on this specific resolution.

No, the election of directors was highly successful. All nominated directors were elected with very strong support from shareholders, receiving a substantial majority of 'FOR' votes.