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Johnson Controls International plc 8-K Report, Shareholder Vote Results (Mar 12, 2010)

Filed March 12, 2010For Securities:JCI

Summary

This 8-K filing from Tyco International Ltd. (which appears to be misidentified as Johnson Controls International plc in the prompt) reports on the outcomes of its Annual General Meeting of Shareholders held on March 10, 2010. The filing details the voting results on various proposals presented to shareholders. All proposals presented by the Board of Directors received the necessary majority approval, indicating strong shareholder support for the management's recommendations and the company's strategic direction at that time. Key resolutions included the approval of the annual report and financial statements, the discharge of the Board of Directors from liability for the prior fiscal year, and the election of the Board of Directors and statutory auditors. Notably, an amendment to the Articles of Association was also approved, introducing plurality voting for director elections specifically in contested situations. The company also outlined the allocation of fiscal year 2009 results and a dividend payment in the form of a capital reduction, both of which were passed by shareholders.

Key Highlights

  • 1Tyco International Ltd. held its Annual General Meeting on March 10, 2010, with a quorum established by the representation of 377,376,243 registered shares.
  • 2All Board-proposed matters were approved by shareholders, demonstrating broad support for the company's governance and financial reporting.
  • 3Shareholders approved the annual report and financial statements for the fiscal year ended September 25, 2009.
  • 4The Board of Directors was discharged from liability for the financial year ended September 25, 2009.
  • 5All nominated directors, including Edward D. Breen and R. David Yost, were elected with overwhelming majority votes.
  • 6Deloitte AG (Zürich) was elected as statutory auditors, and Deloitte & Touche LLP was ratified as the independent registered public accounting firm.
  • 7An amendment to the Articles of Association was approved to implement plurality voting for director elections in contested scenarios.
  • 8Shareholders approved the allocation of fiscal year 2009 results and a dividend payment structured as a capital reduction.

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