8-KShareholder Matters

Mondelez International, Inc. 8-K Report, Shareholder Vote Results (May 20, 2015)

Filed May 20, 2015For Securities:MDLZ

Summary

This 8-K filing from Mondelez International, Inc. (MDLZ), dated May 20, 2015, reports the results of its 2015 annual meeting of shareholders. The meeting saw high participation, with over 83% of outstanding Class A common stock represented. Key outcomes include the overwhelming election of all 12 director nominees for a one-year term and the advisory approval of the company's executive compensation. Additionally, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2015. However, a shareholder proposal requesting a report on packaging did not receive majority support. This filing provides transparency on corporate governance and shareholder decisions for the period.

Key Highlights

  • 1All 12 director nominees were elected to serve until the 2016 annual meeting.
  • 2Shareholders provided advisory approval for the named executive officers' compensation.
  • 3PricewaterhouseCoopers LLP was ratified as the independent auditor for the fiscal year ending December 31, 2015.
  • 4A significant majority of outstanding Class A common stock (83.65%) was represented at the annual meeting.
  • 5A shareholder proposal concerning a report on packaging was not approved.
  • 6The voting results demonstrate strong shareholder confidence in the current board and executive compensation structure.

Frequently Asked Questions

The primary outcomes were the election of all 12 director nominees, advisory approval of executive compensation, ratification of the independent auditor (PricewaterhouseCoopers LLP), and the rejection of a shareholder proposal regarding packaging.

All 12 director nominees received overwhelming support, with 'For' votes significantly outweighing 'Against,' 'Abstain,' and 'Broker Non-Votes' for each nominee.

Yes, shareholders approved the named executive officers' compensation on an advisory basis. The vote was approximately 1,130,744,443 'For' versus 42,166,158 'Against.'

The shareholder proposal requesting a report on packaging was not approved by shareholders, with a majority voting against it (801,434,572 'Against' votes compared to 309,798,847 'For' votes).