Summary
This 8-K filing from McGraw Hill Financial, Inc. (now S&P Global Inc.) on May 5, 2014, details key governance and shareholder event outcomes. The most significant item is the re-election of Harold McGraw III as Non-Executive Chairman of the Board, with a specific annual retainer of $400,000, along with certain perquisites such as office accommodations, security, and travel expenses. This appointment and compensation structure were approved by the Board based on recommendations from its Nominating and Corporate Governance Committee. The filing also provides the results of the company's Annual Meeting of Shareholders held on April 30, 2014. All director nominees were overwhelmingly elected, and the executive compensation program (Say-on-Pay) received advisory approval, though a notable portion of votes were cast against it. Furthermore, the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2014 was ratified with strong shareholder support. Conversely, a shareholder proposal requesting action by written consent was narrowly defeated.
Key Highlights
- 1Harold McGraw III re-elected as Non-Executive Chairman of the Board with an annual retainer of $400,000.
- 2Harold McGraw III to receive specific perquisites including office support, security, and travel benefits as Non-Executive Chairman.
- 3All director nominees were overwhelmingly elected by shareholders at the Annual Meeting.
- 4The executive compensation program received advisory approval ('Say-on-Pay'), though a significant minority voted against it.
- 5Shareholders ratified the appointment of Ernst & Young LLP as the independent auditor for 2014 with strong support.
- 6A shareholder proposal to allow action by written consent was narrowly defeated.
- 7The company held its Annual Meeting of Shareholders on April 30, 2014.