other material
confidence high
sentiment neutral
materiality 0.15
Cummins 2022 annual meeting: all director nominees elected; say-on-pay passes; shareholder proposal defeated
CUMMINS INC
- All 13 director nominees elected with 56-72% of votes cast (excluding broker non-votes).
- Advisory vote on executive compensation approved: 96.4M for vs. 11.3M against.
- Ratification of PwC as auditors approved: 116.4M for vs. 4.3M against.
- Shareholder proposal for independent board chairman rejected: 39.9M for vs. 67.8M against.
- Following meeting, Thomas J. Lynch elected independent Lead Director and chair of Governance Committee.