8-K
filed April 24, 2023, 7:59 PM ET
ticker SON
CIK 0000091767
other
confidence high
sentiment neutral
materiality 0.15
Sonoco shareholders re-elect all 11 directors, ratify PwC, set annual say-on-pay vote
SONOCO PRODUCTS CO
- All 11 director nominees elected with strong support; no dissident candidates.
- Ratification of PricewaterhouseCoopers LLP as auditor approved: 84.9M for, 2.5M against.
- Say-on-pay advisory resolution approved: 74.5M for, 1.4M against.
- Board adopts one-year frequency for future say-on-pay votes after shareholder preference.
- Shareholder proposal on special meeting improvement defeated: 20.1M for, 55.7M against.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SONOCO PRODUCTS CO shareholders approved Advisory (Non-binding) Resolution to Approve Executive Compensation at the 2023-04-19 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-19
Exact text from the filing
The advisory (non-binding) shareholder resolution on executive compensation was approved. The shareholders voted 74,492,935 for and 1,368,057 against the resolution, with 198,820 votes abstaining and 11,617,046 broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SONOCO PRODUCTS CO shareholders approved Election of Directors at the 2023-04-19 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-19
Exact text from the filing
The following directors were elected: VOTES Term For Against Abstain Broker Non-Votes Steven L. Boyd 1 year 75,236,428 624,242 199,142 11,617,046 R. Howard Coker 1 year 74,790,336 1,098,841 170,635 11,617,046 Dr. Pamela L. Davies 1 year 73,810,412 2,062,230 187,170 11,617,046 Theresa J. Drew 1 year 75,536,223 332,422 191,167 11,617,046 Philippe Guillemot 1 year 75,528,985 342,706 188,121 11,617,046 John R. Haley 1 year 74,550,159 1,305,104 204,549 11,617,046 Robert R. Hill, Jr. 1 year 74,992,623 875,297 191,892 11,617,046 Eleni Istavridis 1 year 75,532,880 334,712 192,220 11,617,046 Richard G. Kyle 1 year 75,257,744 600,607 201,461 11,617,046 Blythe J. McGarvie 1 year 75,432,992 434,898 191,922 11,617,046 Thomas E. Whiddon 1 year 73,766,160 2,092,933 200,719 11,617,046
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SONOCO PRODUCTS CO shareholders rejected Advisory (Non-binding) Shareholder Proposal Regarding Special Shareholder Meeting Improvement at the 2023-04-19 meeting.
- Proposal
- say on pay
- Outcome
- failed
- Meeting
- 2023-04-19
Exact text from the filing
The advisory (non-binding) shareholder proposal regarding special shareholder meeting improvement was not approved. The shareholders voted 20,115,862 for and 55,650,723 against the resolution, with 293,227 votes abstaining and 11,617,046 broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SONOCO PRODUCTS CO shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-04-19 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-19
Exact text from the filing
The ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2023 was approved. The shareholders voted 84,883,240 for and 2,531,467 against ratification, with 262,151 votes abstaining and no broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SONOCO PRODUCTS CO shareholders approved Advisory (Non-binding) Proposal on the Frequency of the Vote on Executive Compensation at the 2023-04-19 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-19
Exact text from the filing
The shareholders voted 72,654,993 for one year frequency; 74,756 for two year frequency; and 2,320,942 for three year frequency, with 1,009,121 votes abstaining and 11,617,046 broker non-votes.
View on SEC.gov
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