Goodyear Holds Virtual Annual Meeting, Elects Directors

Rhea-AI Summary

The Goodyear Tire & Rubber Company (NASDAQ: GT) held its virtual annual shareholder meeting on April 12, 2021, where 13 members were elected to the Board of Directors for one-year terms. Shareholders approved an advisory resolution on executive compensation and ratified PricewaterhouseCoopers LLP as the independent public accounting firm for 2021. However, a shareholder proposal was not approved. Goodyear operates in 21 countries, employing approximately 62,000 people, and focuses on innovation through its centers in Akron, Ohio, and Luxembourg.

Positive

• Election of 13 board members for new one-year terms.
• Approval of executive compensation plan by shareholders.
• Ratification of PricewaterhouseCoopers LLP as independent auditors.

Negative

• A shareholder proposal was not approved.

AKRON, Ohio, April 12, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) announced the election of 13 members to the Board of Directors for new one-year terms at the company's virtual annual shareholder meeting today.

In addition, shareholders voted in favor of an advisory resolution approving the compensation of its named executive officers and voted to ratify the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2021. A shareholder proposal was not approved.

Goodyear is one of the world's largest tire companies. It employs about 62,000 people and manufactures its products in 46 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. GT-FN

 

 

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SOURCE The Goodyear Tire & Rubber Company

FAQ

What was the outcome of Goodyear's annual shareholder meeting on April 12, 2021?

Goodyear elected 13 members to the Board of Directors, approved executive compensation, and ratified PricewaterhouseCoopers LLP as auditors, but did not approve a shareholder proposal.

Who was ratified as Goodyear's independent auditor for 2021?

PricewaterhouseCoopers LLP was ratified as Goodyear's independent registered public accounting firm for 2021.

How many board members were elected at Goodyear's 2021 annual meeting?

Thirteen members were elected to the Board of Directors for one-year terms.

What significant proposal did shareholders reject at Goodyear's annual meeting?

A shareholder proposal was not approved during Goodyear's annual meeting.

What is the stock symbol for Goodyear Tire & Rubber Company?

The stock symbol for Goodyear is GT.