8-KShareholder Matters

LINDE PLC 8-K Report, Shareholder Vote Results (Jul 28, 2021)

Filed July 28, 2021For Securities:LIN

Summary

Linde plc (LIN) filed an 8-K on July 28, 2021, reporting the results of its Annual General Meeting (AGM) held on July 26, 2021. The meeting saw strong shareholder participation, with over 78% of outstanding shares present or represented by proxy, constituting a quorum. The primary focus of the report is the voting outcomes on various proposals presented to shareholders. Key resolutions passed with significant majority support include the election of all twelve director nominees, the ratification of PricewaterhouseCoopers (PWC) as the independent auditor, and the approval of PWC's remuneration. Shareholders also provided advisory approval for the compensation of Named Executive Officers, the Directors' Remuneration Policy, and the Directors' Remuneration Report. Furthermore, the 2021 Linde plc Long Term Incentive Plan and the determination of the price range for re-allotting treasury shares were overwhelmingly approved. The robust voting results indicate broad shareholder confidence in the company's governance, executive compensation practices, and auditor.

Key Highlights

  • 1All 12 director nominees were elected with high approval rates, ranging from 92.42% to 99.14% of votes cast.
  • 2Shareholders overwhelmingly ratified the appointment of PricewaterhouseCoopers (PWC) as the independent auditor, with 92.11% of votes cast in favor.
  • 3The authorization for the Audit Committee to determine PWC's remuneration received substantial approval, with 97.29% of votes cast in favor.
  • 4Advisory votes on executive compensation and remuneration policies showed strong shareholder support: Named Executive Officers' compensation (93.03% For), Directors' Remuneration Policy (94.47% For), and Directors' Remuneration Report (93.74% For).
  • 5The 2021 Linde plc Long Term Incentive Plan was approved by 93.31% of votes cast.
  • 6Shareholders approved the price range for re-allotting treasury shares with a very high margin, 99.39% of votes cast.
  • 7A significant quorum of 78.08% of outstanding shares was present or represented at the AGM, indicating strong shareholder engagement.

Frequently Asked Questions

This 8-K filing reports the final voting results from Linde plc's Annual General Meeting (AGM) held on July 26, 2021. It details how shareholders voted on proposals related to director elections, auditor ratification, executive compensation, and incentive plans.

All twelve director nominees were elected to serve until the 2022 annual general meeting. The voting results show strong support for each nominee, with 'Shares For' consistently exceeding 92% of the votes cast for each director.

Shareholders ratified the appointment of PricewaterhouseCoopers (PWC) as the independent auditor for the company on an advisory basis, with over 92% of the votes cast in favor. They also approved the authorization for the Board's Audit Committee to determine PWC's remuneration, with nearly 97.3% of votes cast in favor.

Yes, shareholders approved, on an advisory and non-binding basis, the compensation of Linde plc's Named Executive Officers (93.03% For), the Directors' Remuneration Policy (94.47% For), and the Directors' Remuneration Report (93.74% For). These results indicate shareholder confidence in the company's compensation structure.