01—Abstract
Summary
Summary of the 8-K filed May 9, 2024. Cited figures are marked; the original filing is the authoritative source.
At its 2024 Annual Meeting of Shareholders, held on May 7, 2024, Hubbell Incorporated elected all nine board nominees to serve until the 2025 annual meeting.
The filing reports voting results on three proposals described in the Definitive Proxy Statement filed March 25, 2024: director elections, a non-binding say-on-pay vote on named executive officer compensation, and ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2024. The filing states that the nominees were elected, Proposal 2 was adopted, and Proposal 3 was approved. In the director election, every nominee received more affirmative votes than withhold votes.
Debra L. Dial (45,848,724 affirmative, 75,739 withheld) and Rhett A. Hernandez (45,753,833 affirmative, 170,630 withheld) recorded the highest levels of support by this measure.
Anthony J. Guzzi (42,264,050 affirmative, 3,660,413 withheld) and Neal J. Keating (42,684,406 affirmative, 3,240,057 withheld) recorded the largest withhold vote totals.
Each nominee also shows 3,383,690 broker non-votes. Shareholders approved the say-on-pay proposal with 43,432,144 affirmative votes against 2,245,975 negative votes and 246,344 abstentions.
The auditor ratification received 44,498,162 affirmative votes against 4,789,132 negative votes and 20,859 abstentions. The filing itself is a voting-results notice and does not describe any other corporate actions.
02—Key points
Key Highlights
- Hubbell Incorporated held its 2024 Annual Meeting of Shareholders on May 7, 2024, and all nine director nominees were elected to serve until the 2025 annual meeting.
- Debra L. Dial received 45,848,724 affirmative votes and 75,739 withhold votes, and Rhett A. Hernandez received 45,753,833 affirmative votes and 170,630 withhold votes.
- Anthony J. Guzzi (3,660,413 withhold votes) and Neal J. Keating (3,240,057 withhold votes) recorded the largest withhold vote totals among the nominees.
- Shareholders approved the non-binding say-on-pay proposal on named executive officer compensation, with 43,432,144 affirmative votes, 2,245,975 negative votes, and 246,344 abstentions.
- Shareholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2024, with 44,498,162 affirmative votes, 4,789,132 negative votes, and 20,859 abstentions.
- Each director nominee and each proposal shows 3,383,690 broker non-votes, as reported in the filing.
03—Questions
Frequently Asked Questions
When and where was Hubbell's 2024 Annual Meeting of Shareholders held?
The filing states that the 2024 Annual Meeting of Shareholders was held on May 7, 2024. The filing does not specify the location.
Which directors were elected, and for what term?
Nine nominees were elected: Gerben W. Bakker, Carlos M. Cardoso, Debra L. Dial, Anthony J. Guzzi, Rhett A. Hernandez, Neal J. Keating, Bonnie C. Lind, John F. Malloy, and Jennifer M. Pollino. Each will serve until the annual meeting of shareholders in 2025 and until a successor is duly elected and qualified.
Did shareholders approve executive compensation?
Yes. The non-binding say-on-pay proposal on the compensation of the named executive officers, as presented in the 2024 Proxy Statement, was adopted with 43,432,144 affirmative votes, 2,245,975 negative votes, and 246,344 abstentions.
Which independent auditor did shareholders ratify for 2024?
Shareholders ratified PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the year 2024, with 44,498,162 affirmative votes, 4,789,132 negative votes, and 20,859 abstentions.
04—Continue