8-K
filed October 26, 2023, 7:59 PM ET
ticker KMT
CIK 0000055242
leadership
confidence high
sentiment neutral
materiality 0.35
Kennametal appoints William M. Lambert as Chairman, declares $0.20 quarterly dividend
KENNAMETAL INC
- William M. Lambert becomes Chairman effective Nov 1, 2023, succeeding Lawrence Stranghoener who remains on board.
- Quarterly dividend of $0.20 per share declared, payable Nov 21 to shareholders of record Nov 7.
- All ten director nominees elected; PwC ratified as auditor with over 74M votes; say-on-pay approved.
- Chairman succession is part of planned governance process; no change to board composition.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
William M. Lambert was appointed as Chairman of the Board at KENNAMETAL INC.
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
On October 26, 2023, the Board of Directors (“Board”) of Kennametal Inc. (the “Company”) announced that Mr. William M. Lambert has been appointed Chairman of the Board to take effect on November 1, 2023, succeeding Lawrence W. Stranghoener...
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Lawrence W. Stranghoener changed role as Chairman of the Board at KENNAMETAL INC.
- Action
- succeeded
- Role
- Chairman of the Board
Exact text from the filing
succeeding Lawrence W. Stranghoener who held the position since July 1, 2018
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KENNAMETAL INC shareholders approved Advisory vote on executive compensation paid to the Company's named executive officers at the 2023-10-24 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-10-24
Exact text from the filing
III. The advisory vote on executive compensation paid to the Company's named executive officers, as disclosed in the Company's proxy statement, was approved on an advisory basis by the following vote: For Against Abstained Broker Non-Votes Executive compensation 71,671,535 1,207,619 120,550 2,828,892
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KENNAMETAL INC shareholders approved Ratification of the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2024 at the 2023-10-24 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-10-24
Exact text from the filing
II. The ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2024 was approved by the following vote: For Against Abstained PricewaterhouseCoopers LLP 74,664,938 1,030,104 133,554
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KENNAMETAL INC shareholders approved Election of ten directors with terms to expire in 2024 at the 2023-10-24 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-10-24
Exact text from the filing
I. The ten directors listed below were elected to serve as directors until the next annual meeting of Shareowners in 2024 and until their successors are duly elected and qualified by the following vote: For Withheld Broker Non-Votes Joseph Alvarado 70,291,234 2,708,470 2,828,892 Cindy L. Davis 70,355,842 2,643,862 2,828,892 William J. Harvey 65,134,057 7,865,647 2,828,892 William M. Lambert 72,606,672 393,032 2,828,892 Lorraine M. Martin 72,592,131 407,573 2,828,892 Sagar A. Patel 72,504,637 495,067 2,828,892 Christopher Rossi 72,311,773 687,931 2,828,892 Paul Sternlieb 72,782,919 216,785 2,828,892 Lawrence W. Stranghoener 70,468,052 2,531,652 2,828,892 Steven H. Wunning 70,402,110 2,597,594 2,828,892
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KENNAMETAL INC shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-10-24 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-10-24
Exact text from the filing
IV. The advisory vote on the frequency of future advisory votes on executive compensation: For One Year For Two Years For Three Years Abstained Broker Non-Votes Frequency of future advisory votes on executive compensation 68,459,578 24,540 4,462,505 53,081 2,828,892
View on SEC.gov
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