Summary
This Form 8-K filing by Mondelez International, Inc. (MDLZ) reports on the outcomes of its annual shareholder meeting held on May 21, 2013. The meeting saw strong shareholder participation, with over 81% of outstanding shares represented. Key resolutions included the election of the Board of Directors, advisory approval of executive compensation, and ratification of the independent auditor. Notably, all proposed directors were overwhelmingly elected, and shareholders provided advisory approval for the company's executive compensation. The selection of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2013 was also ratified with significant support. However, a shareholder proposal concerning extended producer responsibility was not approved, indicating a divergence in opinion on that specific environmental initiative.
Key Highlights
- 1High shareholder turnout with 81.66% of outstanding shares represented at the annual meeting.
- 2All 11 nominated directors were overwhelmingly elected to serve until the 2014 annual meeting.
- 3Shareholders provided advisory approval for the compensation of named executive officers.
- 4PricewaterhouseCoopers LLP was ratified as the independent auditor for the fiscal year ending December 31, 2013.
- 5A shareholder proposal regarding a report on extended producer responsibility was not approved.
- 6A shareholder proposal for a sustainability report on gender equality in the supply chain was withdrawn prior to the meeting.
- 7A shareholder proposal regarding a sustainable forestry report, raised from the floor, was not approved.