Donaldson Company Announces Preliminary Results of Annual Meeting, Shareholders Elect New Director Christopher Hilger to Board of Directors

Rhea-AI Summary

On November 19, 2021, Donaldson Company (NYSE: DCI) held its annual stockholders meeting, where preliminary voting indicated support for key resolutions. Shareholders elected three directors, including new member Christopher Hilger. They also approved the company's executive compensation practices and favored annual non-binding advisory votes on these practices. Additionally, PricewaterhouseCoopers was ratified as Donaldson's independent public accountant. Final voting results will be disclosed via Form 8-K with the SEC.

Positive

• Election of three directors, including Christopher Hilger, may bring fresh perspectives.
• Support for annual advisory votes on executive compensation indicates shareholder engagement.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- Donaldson Company, Inc. (NYSE: DCI) held its annual meeting of stockholders on Friday, November 19, 2021. Preliminary voting results indicate that stockholders owning a majority of the shares voted supported:

• The election of three directors, including new director Christopher Hilger,
• The Company’s executive compensation practices and the preference for future non-binding advisory votes on executive compensation to be held every year, and
• Ratification of PricewaterhouseCoopers as Donaldson’s independent public accountant.

The Company will disclose the final voting results on each item of business presented at the 2021 Annual Meeting on a Form 8-K to be filed with the SEC.

Christopher Hilger currently serves as chairman, president and chief executive officer of Securian Financial Group, Inc. After Chris joined Securian Financial in 2004, he progressed into positions of greater responsibility in distribution development, mergers and acquisitions and strategic planning. Chris serves on the board of the Federal Reserve Bank of Minnesota, co-chairs the St. Paul Downtown Alliance and is a member of the executive committee of the Minnesota Business Partnership. Chris has a bachelor's degree in finance from Indiana University.

About Donaldson Company, Inc.

Founded in 1915, Donaldson (NYSE: DCI) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Our diverse, skilled employees at over 140 locations on six continents partner with customers—from small business owners to the world’s biggest OEM brands—to solve complex filtration challenges. Discover how Donaldson is Advancing Filtration for a Cleaner World at www.Donaldson.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211122005926/en/

Sarika Dhadwal (952) 887-3753

Sarika.Dhadwal@Donaldson.com

Source: Donaldson Company, Inc.

FAQ

What were the key outcomes of Donaldson Company's annual meeting on November 19, 2021?

The key outcomes included the election of three directors, approval of executive compensation practices, and ratification of PricewaterhouseCoopers as the independent accountant.

Who is Christopher Hilger, the new director elected at Donaldson's annual meeting?

Christopher Hilger is the chairman, president, and CEO of Securian Financial Group, with extensive experience in strategic planning and mergers.

What does the shareholder vote on executive compensation signify for Donaldson Company?

The shareholder vote in favor of annual advisory votes on executive compensation reflects strong shareholder engagement and oversight.

When will the final voting results from Donaldson's annual meeting be disclosed?

Final voting results will be disclosed on a Form 8-K filed with the SEC.