8-K
filed October 24, 2023, 7:59 PM ET
ticker AIT
CIK 0000109563
other
confidence high
sentiment neutral
materiality 0.15
AIT shareholders elect Pagano, Schrimsher, Wallace; approve pay plan and auditor
APPLIED INDUSTRIAL TECHNOLOGIES INC
- Robert J. Pagano, Jr., Neil A. Schrimsher, and Peter C. Wallace elected as directors for three-year terms.
- Nonbinding advisory vote on executive compensation approved: 33.7M for, 1.2M against.
- Shareholders voted for annual say-on-pay frequency; company to hold votes every year until next advisory.
- 2023 Long-Term Performance Plan approved with 34.0M votes for, 0.98M against.
- Deloitte & Touche LLP ratified as independent auditor for fiscal 2024 with 35.6M votes for.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
APPLIED INDUSTRIAL TECHNOLOGIES INC shareholders approved A nonbinding advisory vote to approve the compensation of Applied's named executive officers as described in Applied's proxy statement dated September 8, 2023 at the 2023-10-24 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-10-24
Exact text from the filing
A nonbinding advisory vote to approve the compensation of Applied's named executive officers as described in Applied's proxy statement dated September 8, 2023: Shares Voted For Shares Voted Against Shares Abstained From Voting Broker Non-Votes 33,735,989 1,184,740 123,362 1,247,853
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
APPLIED INDUSTRIAL TECHNOLOGIES INC shareholders approved Ratification of the Audit Committee's appointment of Deloitte & Touche LLP as Applied's independent auditors 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
Ratification of the Audit Committee's appointment of Deloitte & Touche LLP as Applied's independent auditors for the fiscal year ending June 30, 2024. Shares Voted For Ratification Shares Voted Against Ratification Shares Abstained From Voting 35,572,053 699,146 20,745
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
APPLIED INDUSTRIAL TECHNOLOGIES INC shareholders approved Election of three persons to be directors for a term of three years at the 2023-10-24 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-10-24
Exact text from the filing
Election of three persons to be directors for a term of three years: Name Shares Voted For Election Shares As To Which Voting Authority Withheld Broker Non-Votes Robert J. Pagano, Jr. 33,933,237 1,110,854 1,247,853 Neil A. Schrimsher 34,504,495 539,596 1,247,853 Peter C. Wallace 32,480,639 2,563,452 1,247,853
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
APPLIED INDUSTRIAL TECHNOLOGIES INC shareholders approved Approval of the 2023 Long-Term Performance Plan at the 2023-10-24 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-10-24
Exact text from the filing
Approval of the 2023 Long-Term Performance Plan: Shares Voted For Shares Voted Against Shares Abstained From Voting Broker Non-Votes 34,002,345 980,495 61,251 1,247,853
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
APPLIED INDUSTRIAL TECHNOLOGIES INC shareholders approved A nonbinding advisory vote on the frequency of future votes on the compensation of Applied's named executive officers at the 2023-10-24 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-10-24
Exact text from the filing
A nonbinding advisory vote on the frequency of future votes on the compensation of Applied's named executive officers: Shares Voted For Every Year Shares Voted For Every Two Years Shares Voted For Every Three Years Shares Abstained From Voting BrokerNon-Votes 33,803,463 107,769 1,081,683 51,176 1,247,853
View on SEC.gov
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