Summary
Norfolk Southern Corporation (NSC) filed an 8-K on May 15, 2012, reporting the outcomes of its Annual Meeting of Shareholders held on May 10, 2012. The primary focus of the filing is the election of directors and the ratification of the company's independent auditor. All incumbent directors proposed for re-election received overwhelming support from shareholders, indicating strong confidence in the current board's leadership and governance. Additionally, the appointment of KPMG LLP as the independent registered public accounting firm for 2012 was overwhelmingly ratified, assuring continued financial oversight and audit integrity for the upcoming fiscal year.
Key Highlights
- 1Annual Shareholders Meeting held on May 10, 2012.
- 2All nominated directors were elected to the Board of Directors with significant 'FOR' votes.
- 3Gerald L. Baliles received 225,607,649 'FOR' votes.
- 4Robert A. Bradway, Wesley G. Bush, Michael D. Lockhart, and J. Paul Reason received very high 'FOR' votes, indicating strong shareholder support.
- 5KPMG LLP was ratified as Norfolk Southern's independent registered public accounting firm for 2012 with strong shareholder approval.
- 6Shareholders approved, on an advisory basis, the compensation of the Company's Named Executive Officers.