Grainger's Shareholders Elect 13 Directors And Other Annual Meeting Highlights

Rhea-AI Summary

W.W. Grainger, Inc. (NYSE: GWW) held its annual shareholder meeting virtually on April 28, 2021, due to COVID-19. Chairman and CEO DG Macpherson discussed a recent re-segmentation to align financial reporting with two business models and emphasized the company's corporate responsibility framework known as the Grainger Edge. Shareholders elected 13 directors and ratified Ernst & Young LLP as the independent auditor for 2021. An advisory say on pay resolution for executive compensation was also approved. Grainger reported $11.8 billion in sales for 2020, establishing its position as North America's leading MRO supplier.

Positive

• Shareholders elected 13 directors, ensuring stable governance.
• Ernst & Young LLP was ratified as the independent auditor, indicating investor confidence in financial oversight.
• Approval of the advisory say on pay resolution suggests alignment between executive compensation and shareholder interests.

Negative

• None.

CHICAGO, April 28, 2021 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) held its annual shareholder meeting today. Due to the continuing public health impacts of the COVID-19 pandemic, the meeting was held virtually. Chairman and CEO DG Macpherson provided a company update which included comments on the recent re-segmentation to align financial reporting to the company's two business models and the company's strategic cultural framework – the Grainger Edge – which underlies the success of these models as well as the company's commitment to corporate responsibility.

Shareholders elected the following 13 directors:

Rodney C. Adkins	Beatriz R. Perez
Brian P. Anderson	Michael J. Roberts
V. Ann Hailey	E. Scott Santi
Katherine D. Jaspon	Susan Slavik Williams
Stuart L. Levenick	Lucas E. Watson
DG Macpherson	Steven A. White
Neil S. Novich

In addition, the shareholders ratified the appointment of Ernst & Young LLP as its independent auditor for the year 2021. Shareholders also voted in favor of the advisory say on pay resolution on executive compensation.

About Grainger
W.W. Grainger, Inc., with 2020 sales of $11.8 billion, is North America's leading broad line supplier of maintenance, repair and operating (MRO) products, with operations primarily in North America (N.A.), Japan and the United Kingdom (U.K.).

View original content:http://www.prnewswire.com/news-releases/graingers-shareholders-elect-13-directors-and-other-annual-meeting-highlights-301279289.html

SOURCE W.W. Grainger, Inc.

FAQ

What was discussed at W.W. Grainger's annual shareholder meeting on April 28, 2021?

The meeting focused on the company's re-segmentation for financial reporting, corporate responsibility strategies, and the election of directors.

Who were elected as directors during the W.W. Grainger annual meeting?

Thirteen directors were elected, including DG Macpherson and Rodney C. Adkins.

What financial results did W.W. Grainger report for 2020?

W.W. Grainger reported sales of $11.8 billion for the year 2020.

What independent auditor was appointed by W.W. Grainger for 2021?

Ernst & Young LLP was appointed as the independent auditor for 2021.

What compensation resolution did W.W. Grainger shareholders approve?

Shareholders approved the advisory say on pay resolution regarding executive compensation.