Expeditors (NYSE: EXPD) holders approve pay, board and KPMG
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Expeditors International of Washington, Inc. held its annual meeting where shareholders elected nine directors, approved executive pay on an advisory basis, and ratified KPMG LLP as independent auditor for the year ending December 31, 2026.
Director support was strong, with most nominees receiving over 108 million votes in favor. The advisory vote on Named Executive Officer compensation passed with about 103.7 million votes for, and shareholders ratified KPMG with approximately 110.8 million votes in favor.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Glenn M. Alger votes for: 110,748,649 votes
Executive pay votes for: 103,651,265 votes
Executive pay votes against: 7,487,591 votes
+3 more
6 metrics
Glenn M. Alger votes for
110,748,649 votes
Director election at annual meeting
Executive pay votes for
103,651,265 votes
Advisory vote on Named Executive Officer compensation
Executive pay votes against
7,487,591 votes
Advisory vote on Named Executive Officer compensation
KPMG ratification votes for
110,799,170 votes
Auditor ratification for year ending December 31, 2026
KPMG ratification votes against
8,370,398 votes
Auditor ratification proposal
Broker non-votes on pay
11,018,734 votes
Advisory vote on Named Executive Officer compensation
Key Terms
advisory vote, Named Executive Officers, independent registered public accounting firm, broker non-votes, +1 more
5 terms
advisory vote financial
"approved an advisory vote on the compensation of the Company's Named Executive Officers"
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
Named Executive Officers financial
"approved an advisory vote on the compensation of the Company's Named Executive Officers"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
independent registered public accounting firm financial
"ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
broker non-votes financial
"Broker Non-Votes | --------------------------------------------------------------------- Glenn M. Alger"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
FAQ
Did any Expeditors (EXPD) director nominee receive notable opposition?
Some nominees saw higher opposition than others. For example, Mark A. Emmert received 103,790,774 votes for and 7,551,913 votes against, while Liane J. Pelletier received 100,683,902 votes for and 10,717,519 votes against, though each still secured enough support for election.