8-K
filed April 21, 2023, 7:59 PM ET
ticker PPG
CIK 0000079879
other
confidence high
sentiment neutral
materiality 0.10
PPG shareholders elect all director nominees, approve say-on-pay at 2023 annual meeting
PPG INDUSTRIES INC
- Five director nominees elected: Stephen Angel, Hugh Grant, Melanie Healey, Timothy Knavish, Guillermo Novo (all >150M votes for).
- Say-on-pay approved with 174.6M for vs 13.2M against; shareholders recommend annual advisory vote on executive compensation.
- Ratification of PricewaterhouseCoopers LLP as 2023 auditor approved with 203.6M for (0.9M against).
- Shareholder proposal requiring independent board chair defeated with 74.8M for, 113.1M against.
- All matters passed as recommended by the board; broker non-votes recorded on certain proposals.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PPG INDUSTRIES INC shareholders approved Recommendation on the frequency of future advisory votes on executive compensation.
- Proposal
- say on pay frequency
- Outcome
- passed
Exact text from the filing
On the proposal to recommend the frequency of future advisory votes on the compensation of the Company’s named executive officers, the Company’s shareholders recommend that such votes be held annually as follows: One Year Two Years Three Years Votes Abstained Broker Non-Votes 185,414,387 482,337 2,204,313 644,096 16,080,660
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PPG INDUSTRIES INC shareholders approved Election of five nominees for director to serve in a class whose term expires in 2025.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
The five nominees for director were elected to serve in a class whose term expires in 2025 as follows: Nominees Votes For Votes Against Votes Abstained Broker Non-Votes Stephen F. Angel 173,447,360 14,794,397 503,385 16,080,651 Hugh Grant 150,603,788 37,634,639 506,714 16,080,652 Melanie L. Healey 181,738,597 6,538,069 468,478 16,080,649 Timothy M. Knavish 184,091,190 4,208,247 445,703 16,080,653 Guillermo Novo 171,470,309 16,762,583 512,246 16,080,655
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PPG INDUSTRIES INC shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2023.
- Proposal
- auditor ratification
- Outcome
- passed
Exact text from the filing
The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2023 was approved as follows: Votes For Votes Against Votes Abstained 203,563,171 909,972 352,650 There were no broker non-votes with respect to this matter.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PPG INDUSTRIES INC shareholders approved Advisory approval of the compensation of the Company's named executive officers.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
The proposal to approve the compensation of the Company’s named executive officers on an advisory basis was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 174,601,704 13,188,479 954,954 16,080,656
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PPG INDUSTRIES INC shareholders rejected Shareholder proposal to adopt a policy requiring an independent board chair.
- Outcome
- failed
Exact text from the filing
The shareholder proposal to adopt a policy requiring an independent board chair was not approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 74,806,861 113,106,759 831,509 16,080,664
View on SEC.gov
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