Summary
Dow Inc. filed an 8-K report on April 18, 2022, detailing outcomes from its 2022 Annual Meeting of Stockholders held on April 14, 2022. The primary focus of this filing is the election of directors and the composition of key board committees. All twelve director nominees presented were elected by stockholders to serve until the 2023 Annual Meeting. The report also confirms the independence of most elected directors, as per NYSE standards. Additionally, the filing provides the voting results for several other matters presented to shareholders, including the advisory approval of executive compensation, the ratification of Deloitte & Touche LLP as the independent auditor, and the rejection of a stockholder proposal for an independent board chairman. Richard K. Davis was appointed as the Lead Director, effective immediately.
Key Highlights
- 1All twelve director nominees were elected to the Dow Board of Directors until the 2023 Annual Meeting.
- 2The Board determined that each elected director, except for Mr. Fitterling, meets the independence standards of the New York Stock Exchange.
- 3Stockholders approved, on an advisory basis, the compensation of Dow's named executive officers.
- 4The appointment of Deloitte & Touche LLP as Dow's independent registered public accounting firm for 2022 was ratified by stockholders.
- 5A stockholder proposal requesting an independent Board Chairman was not approved by the stockholders.
- 6Richard K. Davis was elected as the Chair of the Audit Committee.
- 7Jacqueline C. Hinman was elected as the Chair of the Environment, Health, Safety & Technology Committee.
- 8Richard K. Davis was elected as Lead Director.