8-K
filed May 11, 2023, 7:59 PM ET
ticker CMI
CIK 0000026172
other material
confidence high
sentiment neutral
materiality 0.35
Cummins shareholders approve ESPP amendment; discount to 20%, matching cap to $30M
CUMMINS INC
- ESPP discount increased from 15% to 20%; annual matching contribution cap raised to $30M from $7.5M.
- All 12 director nominees elected; advisory vote on executive compensation passed with 95% support.
- Shareholder proposal for independent board chairman defeated (56.5% against).
- Shareholder proposal linking executive compensation to 1.5°C emissions reduction defeated (84% against).
- Ratification of PwC as auditor for 2023 passed with 95% support.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMMINS INC shareholders approved Approval of the ESPP at the 2023-05-09 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
5. Approval of the ESPP For Against Abstain Broker Non-Votes 91,378,284 19,350,782 251,287 12,922,893
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMMINS INC shareholders approved Election of twelve directors for a one-year term to expire at the Company’s 2024 annual meeting of shareholders at the 2023-05-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
1. Election of Twelve Directors for a One Year Term to Expire at the Company’s 2024 Annual Meeting of Shareholders Name For Against Abstain Broker Non-Votes N. Thomas Linebarger 106,784,943 3,778,685 416,725 12,922,893 Jennifer W. Rumsey 108,897,778 1,826,065 256,510 12,922,893 Gary L. Belske 110,193,341 485,932 301,080 12,922,893 Robert J. Bernhard 104,766,075 5,910,187 304,091 12,922,893 Bruno V. Di Leo Allen 109,645,337 1,009,847 325,169 12,922,893 Stephen B. Dobbs 97,374,401 13,297,160 308,792 12,922,893 Carla A. Harris 106,030,776 4,665,397 284,180 12,922,893 Thomas J. Lynch 106,925,335 3,746,615 308,403 12,922,893 William I. Miller 103,876,376 6,784,437 319,540 12,922,893 Georgia R. Nelson 102,071,439 8,597,796 311,118 12,922,893 Kimberly A. Nelson 109,321,819 1,366,207 292,327 12,922,893 Karen H. Quintos 109,367,970 1,316,227 296,156 12,922,893
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMMINS INC shareholders approved Advisory vote on the compensation of the Company’s named executive officers at the 2023-05-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
2. Advisory Vote on the Compensation of the Company’s Named Executive Officers For Against Abstain Broker Non-Votes 105,483,923 4,674,558 821,872 12,922,893
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMMINS INC shareholders rejected Shareholder proposal regarding linking executive compensation to achieving 1.5°C emissions reductions at the 2023-05-09 meeting.
- Outcome
- failed
- Meeting
- 2023-05-09
Exact text from the filing
7. Shareholder Proposal Regarding Linking Executive Compensation to Achieving 1.5°C emissions reductions For Against Abstain Broker Non-Votes 16,659,327 93,665,876 655,150 12,922,893
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMMINS INC shareholders rejected Shareholder proposal regarding an independent board chairman at the 2023-05-09 meeting.
- Outcome
- failed
- Meeting
- 2023-05-09
Exact text from the filing
6. Shareholder Proposal Regarding an Independent Board Chairman For Against Abstain Broker Non-Votes 47,897,281 62,562,105 520,967 12,922,893
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMMINS INC shareholders approved Advisory vote on the frequency of future advisory votes on the compensation of our named executive officers at the 2023-05-09 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
3. Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of the Company’s Named Executive Officers 1 Year 2 Years 3 Years Abstain Broker Non-Votes 107,687,115 276,737 2,665,616 350,885 N/A
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMMINS INC shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s auditors for 2023 at the 2023-05-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
4. Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Auditors for 2023 For Against Abstain Broker Non-Votes 117,442,578 6,180,487 280,181 -
View on SEC.gov
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