Ecolab Annual Meeting Results Announced

Rhea-AI Summary

Ecolab Inc. announced the election of twelve director nominees for a one-year term at its annual stockholders' meeting. The shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the independent accounting firm for 2022 and approved the executive compensation plan. A proposal regarding special meeting ownership was not approved. Ecolab, a leader in water, hygiene, and infection prevention solutions, reported annual sales of $13 billion and operates in over 170 countries.

Positive

• Election of twelve director nominees signals shareholder confidence in company leadership.
• Ratification of PricewaterhouseCoopers as independent auditor promotes financial accountability.
• Approval of executive compensation indicates alignment with shareholder interests.

Negative

• The rejection of the stockholder proposal on special meeting ownership threshold may limit shareholder influence.

ST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. announced today at its annual meeting of stockholders that the slate of twelve director nominees named in the company’s proxy statement was elected for a one-year term ending at its annual meeting of stockholders in May 2023.

In other business during today’s meeting, stockholders ratified the appointment of PricewaterhouseCoopers LLP as Ecolab's independent registered public accounting firm for 2022 and approved, on an advisory basis, the compensation of executives disclosed in the company’s proxy statement. Also at the meeting, a stockholder proposal regarding special meeting ownership threshold was not approved.

The final vote tabulation on all matters voted upon during today’s meeting will be reported to the U.S. Securities and Exchange Commission on a current report on Form 8-K and such report will be made available on the company’s website, www.investor.ecolab.com.

About Ecolab

A trusted partner at nearly three million customer locations, Ecolab (NYSE:ECL) is the global leader in water, hygiene and infection prevention solutions and services that help protect people, planet and business health. With annual sales of $13 billion and more than 47,000 associates, Ecolab delivers comprehensive science-based solutions, data-driven insights and world-class service to advance food safety, help maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world. www.ecolab.com

Follow us on LinkedIn @Ecolab, Twitter @Ecolab, Instagram @Ecolab_Inc and Facebook @Ecolab.

(ECL-C)

View source version on businesswire.com: https://www.businesswire.com/news/home/20220505006115/en/

Investor Contacts:

Michael J. Monahan

+1 651 250 2809

Andrew C. Hedberg

+1 651 250 2185

Cairn Clark

+1 651 250 2291

Source: Ecolab Inc.

FAQ

What happened at Ecolab's annual stockholders' meeting on May 2023?

Ecolab elected twelve director nominees, ratified PricewaterhouseCoopers as its auditor, and approved executive compensation.

Who is the independent accounting firm for Ecolab in 2022?

PricewaterhouseCoopers LLP was ratified as Ecolab's independent registered public accounting firm for 2022.

What was the outcome of the stockholder proposal at Ecolab's meeting?

The stockholder proposal regarding special meeting ownership threshold was not approved.

What are Ecolab's annual sales figures?

Ecolab reported annual sales of $13 billion.

How many countries does Ecolab operate in?

Ecolab operates in more than 170 countries.