What was the main purpose of this 8-K filing?

This 8-K filing amended a previous report to provide the official results of Proposal No. 6 from JCI's 2017 Annual General Meeting, which concerned the frequency of shareholder advisory votes on executive compensation.

What was the outcome of the vote on executive compensation frequency?

Shareholders overwhelmingly voted in favor of holding an advisory vote on executive compensation on an annual basis. This was the management's recommended frequency.

How often will JCI hold an advisory vote on executive compensation going forward?

Johnson Controls International plc will now hold an advisory vote on the compensation of its named executive officers every year, following the strong shareholder mandate from the 2017 AGM.

When is the next time shareholders will be asked about the frequency of these votes?

The company expects to hold another advisory vote on the frequency of executive compensation votes no later than its 2023 Annual General Meeting of shareholders.

JCI 8-K: Shareholder Matters

Summary

Johnson Controls International plc (JCI) filed an 8-K/A amendment on June 15, 2017, reporting on the outcome of Proposal No. 6 from its 2017 Annual General Meeting (AGM). This proposal sought shareholder approval on the frequency of advisory votes on executive compensation. The results clearly indicate overwhelming shareholder preference for an annual vote on executive compensation.

Key Highlights

1Shareholders overwhelmingly approved an annual vote on executive compensation (Proposal No. 6).
2Approximately 740.3 million votes were cast in favor of an annual vote.
3Only approximately 2 million votes favored a biennial vote, and about 14.7 million favored a triennial vote.
4The company will hold advisory votes on executive compensation annually.
5The next advisory vote on the frequency of executive compensation votes is expected no later than the 2023 AGM.

Johnson Controls International plc 8-K/A Report, Shareholder Vote Results (Jun 15, 2017)

Summary

Key Highlights

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