Eastman Announces 2021 Annual Meeting Stockholder Vote Results
At its annual meeting, Eastman Chemical Company (NYSE:EMN) stockholders reelected directors for one-year terms, approved executive compensation, and ratified the 2021 Omnibus Stock Compensation Plan. The appointment of PricewaterhouseCoopers LLP as independent auditors for 2021 was also ratified. Additionally, stockholders rejected a proposal allowing actions by written consent without a meeting. The final vote totals will be disclosed in a Form 8-K filing with the SEC.
- Directors reelected for one-year terms, ensuring continuity in leadership.
- Executive officer compensation approved on an advisory basis, indicating shareholder support.
- 2021 Omnibus Stock Compensation Plan ratified, aligning executive incentives with company performance.
- Appointment of PricewaterhouseCoopers LLP as independent auditors ratified.
- Proposal for stockholders to act by written consent rejected, limiting shareholder influence.
At the Eastman Chemical Company (NYSE:EMN) annual meeting, stockholders:
- reelected directors Humberto P. Alfonso, Vanessa L. Allen Sutherland, Brett D. Begemann, Mark J. Costa, Edward L. Doheny II, Julie F. Holder, Renée J. Hornbaker, Kim Ann Mink, James J. O’Brien, David W. Raisbeck, and Charles K. Stevens III to one-year terms;
- approved, on an advisory basis, the compensation of the company’s executive officers as disclosed in the annual meeting proxy statement (the “say-on-pay” vote);
- approved the 2021 Omnibus Stock Compensation Plan;
- ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2021; and
- rejected an advisory stockholder proposal requesting that the Board of Directors take steps necessary to permit stockholders to act by written consent without a meeting.
Additional information about each of the matters acted upon by stockholders at the annual meeting is in the proxy statement that was furnished to stockholders in connection with the meeting. The proxy statement is also available at investors.eastman.com, Annual Meeting. The final vote totals for the matters acted upon by stockholders at the annual meeting will be reported in a Form 8-K filing with the SEC and also posted on investors.eastman.com.
Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2020 revenues of approximately
View source version on businesswire.com: https://www.businesswire.com/news/home/20210506005966/en/
FAQ
What actions were taken by Eastman Chemical's stockholders at the annual meeting?
What was the outcome of the stockholder proposal at Eastman Chemical's annual meeting?
Who were reelected as directors at Eastman Chemical's annual meeting?
What year was the approved Omnibus Stock Compensation Plan for Eastman Chemical?
Who was appointed as auditors for Eastman Chemical in 2021?
