01—Abstract
Summary
Summary of the 8-K filed April 23, 2025. Cited figures are marked; the original filing is the authoritative source.
At its 2025 Annual Meeting of Shareholders held on April 17, 2025, PPG Industries, Inc. shareholders elected all ten director nominees to serve until the 2026 Annual Meeting.
Each nominee received substantially more votes for than against, with Guillermo Novo receiving the most against votes (20,260,018) and Gary R. Heminger receiving 11,439,284 against votes among the nominees with the highest opposition. Shareholders also approved, on an advisory basis, the compensation of the company's named executive officers, with 169,801,948 votes for, 12,286,324 against, and 579,228 abstaining.
The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025 was ratified, with 193,007,652 votes for, 2,892,958 against, and 214,337 abstaining. A shareholder proposal requesting shareholder approval of certain executive officer severance arrangements was not approved, receiving 10,375,593 votes for and 171,592,610 against, with 699,297 abstentions. As of the record date, 226,974,896 shares of common stock were issued and outstanding.
02—Key points
Key Highlights
- All ten director nominees were elected to serve until the 2026 Annual Meeting of Shareholders.
- Advisory say-on-pay proposal for named executive officers was approved with 169,801,948 votes for versus 12,286,324 against.
- PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for 2025 with 193,007,652 votes for.
- Shareholder proposal on executive officer severance arrangements was not approved, receiving 10,375,593 votes for and 171,592,610 against.
- Guillermo Novo received the highest number of against votes among director nominees at 20,260,018.
- 226,974,896 shares of common stock were issued and outstanding as of the record date.
03—Questions
Frequently Asked Questions
When and where was the 2025 Annual Meeting of Shareholders held?
The 2025 Annual Meeting of Shareholders of PPG Industries, Inc. was held on April 17, 2025. The filing does not specify a location.
Who was elected to the board of directors?
The ten nominees were elected to serve until the 2026 Annual Meeting of Shareholders or until their successors are duly elected and qualified: Kathy L. Fortmann, Melanie L. Healey, Gary R. Heminger, Timothy M. Knavish, Michael W. Lamach, Kathleen A. Ligocki, Michael T. Nally, Guillermo Novo, Christopher N. Roberts, III, and Catherine R. Smith.
Did shareholders approve executive compensation?
Yes. The advisory proposal on named executive officer compensation was approved, with 169,801,948 votes for, 12,286,324 against, 579,228 abstaining, and 13,447,447 broker non-votes.
Was the auditor appointment approved?
Yes. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025 was ratified, with 193,007,652 votes for, 2,892,958 against, and 214,337 abstaining.
What happened to the shareholder proposal on executive severance arrangements?
The proposal requesting shareholder approval of certain executive officer severance arrangements was not approved. It received 10,375,593 votes for, 171,592,610 against, 699,297 abstaining, and 13,447,447 broker non-votes.
04—Continue