8-K/AShareholder Matters

HONEYWELL INTERNATIONAL INC 8-K/A Report, Shareholder Vote Results (Jun 6, 2023)

Filed June 6, 2023For Securities:HONHONIV

Summary

This 8-K filing from Honeywell International Inc. (HON) is an amendment to a previous filing, clarifying a decision made regarding the frequency of its "say-on-pay" advisory vote. The company has confirmed that it will continue to hold an annual advisory vote on the compensation of its named executive officers. This practice will be maintained until the next required shareholder vote on the frequency of such votes, which is anticipated to occur at the company's 2029 Annual Meeting of Shareowners. This decision aligns with the recommendation of Honeywell's Board of Directors and the outcome of the vote at the 2023 Annual Meeting. For investors, this means that shareholders will have the opportunity to provide annual feedback on executive compensation through an advisory vote for the foreseeable future, reinforcing the company's commitment to shareholder engagement on this matter.

Key Highlights

  • 1Honeywell to continue annual advisory "say-on-pay" votes.
  • 2The "say-on-pay" vote will be held annually until the 2029 Annual Meeting.
  • 3This decision follows the recommendation of the Board of Directors.
  • 4The outcome is consistent with shareholder votes at the 2023 Annual Meeting.
  • 5Confirms a commitment to ongoing shareholder input on executive compensation.

Frequently Asked Questions

A "say-on-pay" vote is a non-binding shareholder advisory vote on the compensation of a company's named executive officers. It gives shareholders an opportunity to express their views on the company's executive compensation practices.

Honeywell is filing an amendment to confirm its decision regarding the frequency of the "say-on-pay" vote. This filing clarifies the company's intention to hold these votes annually until a future shareholder vote in 2029 determines the next frequency.

This means shareholders will have the opportunity to vote annually on the compensation of Honeywell's top executives until at least 2029, allowing for consistent input and engagement on executive pay decisions.

The next shareholder vote on the frequency of advisory votes on executive compensation is expected to take place at Honeywell's 2029 Annual Meeting of Shareowners.