Summary
This 8-K/A filing from Corning Inc. (GLW) on July 20, 2017, provides an update on the outcome of a non-binding advisory vote on the frequency of "say on pay" proposals held at the company's 2017 Annual Meeting. The results show overwhelming support from shareholders for an annual "say on pay" vote. Corning's Board of Directors, having considered the shareholder vote, has determined to continue holding these advisory votes on an annual basis. This decision aligns with the recommendation made in the company's proxy statement and reflects shareholder preference for regular engagement on executive compensation. The company is obligated to hold another advisory vote on the frequency of "say on pay" at or before its 2023 Annual Meeting.
Key Highlights
- 1Shareholders overwhelmingly voted in favor of an annual "say on pay" vote at the 2017 Annual Meeting.
- 2587,086,742 shares voted for an annual "say on pay" vote.
- 3The Company's Board of Directors has decided to implement annual "say on pay" votes as recommended by shareholders.
- 4This decision reflects shareholder preference for regular oversight of executive compensation.
- 5The next advisory vote on the frequency of "say on pay" votes is required by the 2023 Annual Meeting.
- 6The filing is an amendment (8-K/A) to a previous report.