Summary
This 8-K filing from Emerson Electric Co. (EMR) primarily reports on events from its Annual Stockholders' Meeting held on February 4, 2014, and the appointment of a new director. The company announced the election of Candace Kendle, retired Chairman and CEO of Kendle International Inc., to its Board of Directors. She has also been appointed to the Corporate Governance and Nominating Committee and the Finance Committee and will receive compensation consistent with other non-management directors, including a restricted stock award. Furthermore, the filing details the voting outcomes from the Annual Meeting. All six nominated directors were elected, and the company's executive compensation plan received advisory approval from shareholders. The appointment of KPMG LLP as the independent auditor for fiscal year 2014 was also ratified. Notably, three shareholder proposals regarding sustainability, political contributions, and lobbying reports did not receive majority approval.
Key Highlights
- 1Candace Kendle elected as a new Director to the Board and appointed to the Corporate Governance and Nominating Committee and the Finance Committee.
- 2All six nominated directors were overwhelmingly re-elected by shareholders.
- 3Shareholders provided advisory approval for the company's executive compensation plan.
- 4KPMG LLP ratified as the independent registered public accounting firm for fiscal year 2014.
- 5Shareholder proposals requesting sustainability, political contributions, and lobbying reports were not approved.