8-K/AShareholder Matters

CURTISS WRIGHT CORP 8-K/A Report, Shareholder Vote Results (Jun 4, 2020)

Filed June 4, 2020For Securities:CW

Summary

This 8-K/A filing from Curtiss-Wright Corp. (CW) is an amendment to a previous filing and primarily details the results of a shareholder vote at their 2020 Annual Meeting of Stockholders held on May 7, 2020. The most significant outcome reported is the advisory approval of the company's executive compensation, commonly referred to as a 'Say-on-Pay' vote. The proposal received substantial support from shareholders, indicating general satisfaction with the compensation packages awarded to the named executive officers. While the filing is an amendment and doesn't introduce new operational or financial guidance, the strong shareholder backing for executive compensation is a positive signal to investors. It suggests alignment between management's pay and shareholder interests, potentially reflecting confidence in the company's performance and leadership's ability to navigate the prevailing economic environment.

Key Highlights

  • 1Shareholder advisory vote on executive compensation ('Say-on-Pay') was approved.
  • 2The proposal received overwhelming support with 31,409,454 'FOR' votes.
  • 3Only 1,311,156 votes were cast 'AGAINST' the executive compensation plan.
  • 4Abstentions accounted for 567,504 votes.
  • 5Broker non-votes represented 3,868,222 shares.
  • 6This filing is an amendment to a previous report, clarifying voting results.

Frequently Asked Questions

This filing is an amendment to a previous report and serves to provide the official results of a shareholder vote held at Curtiss-Wright's 2020 Annual Meeting of Stockholders, specifically concerning the advisory approval of executive compensation.

The advisory proposal to approve the compensation paid to the company's named executive officers was overwhelmingly approved by shareholders. The 'FOR' votes significantly outnumbered the 'AGAINST' votes.

Broker non-votes occur when a broker holding shares in 'street name' for a beneficial owner does not have discretionary voting authority for a particular proposal and the beneficial owner has not provided instructions on how to vote. These votes are not counted as either for or against the proposal.

No, this 8-K/A filing is focused solely on reporting the results of the shareholder vote on executive compensation. It does not contain updated financial guidance or discuss new business developments.