Summary
This 8-K filing from United Technologies Corporation (UTC), filed on April 19, 2010, reports on the outcomes of its Annual Shareowner Meeting held on April 14, 2010. The primary focus is the election of directors and the re-appointment of PricewaterhouseCoopers LLP as the independent auditor. All director nominees received a substantial majority of "For" votes, indicating strong shareholder confidence in the current board. The proposal to re-appoint PricewaterhouseCoopers LLP also passed with overwhelming support.
Key Highlights
- 1United Technologies Corporation held its Annual Shareowner Meeting on April 14, 2010.
- 2All director nominees for the upcoming term were elected with significant "For" votes.
- 3PricewaterhouseCoopers LLP was re-appointed as the Independent Auditor until the 2011 Annual Meeting.
- 4A high quorum of 805,220,959 shares of Common Stock were present or represented at the meeting.
- 5A shareowner proposal recommending an advisory vote on executive compensation policies did not pass, with more votes cast against it than for it.
Frequently Asked Questions
The main purpose of this 8-K filing was to report the results of United Technologies Corporation's Annual Shareowner Meeting held on April 14, 2010, specifically the election of directors and the appointment of the independent auditor.
Yes, all director nominees presented at the Annual Shareowner Meeting were elected, receiving a strong majority of the votes cast in their favor.
Yes, shareholders overwhelmingly approved the re-appointment of PricewaterhouseCoopers LLP to serve as the Independent Auditor until the next Annual Shareowner Meeting in 2011.
The shareowner proposal seeking an advisory vote to ratify executive compensation policies was not approved by shareholders, with a majority of the votes cast being against the proposal.