---
schema_version: "secwatch.filing_event.v1"
accession: "0000792987-23-000036"
form_type: "8-K"
ticker: "ASTE"
cik: "0000792987"
company_name: "ASTEC INDUSTRIES INC"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:43:33.766089+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Astec shareholders elect directors, approve advisory say-on-pay and auditor ratification

## Summary
- Elected directors Gehl, Gliebe, Jain, van der Merwe with between 14.8M and 16.0M votes for.
- Advisory vote on executive compensation approved: 15.75M for, 421,975 against, 12,618 abstain.
- Advisory frequency set to one year with 14.68M votes; company will hold annual say-on-pay vote.
- Ratification of Deloitte & Touche as auditor for 2023: 17.21M for, 50,962 against, 14,509 abstain.

## SEC filing metadata
- accession: 0000792987-23-000036
- form_type: 8-K
- ticker: ASTE
- cik: 0000792987
- company_name: ASTEC INDUSTRIES INC
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792987/000079298723000036/0000792987-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000079298723000036/aste-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000792987-23-000036
- JSON: https://secwatch.observer/filing/0000792987-23-000036.json
- Plain text: https://secwatch.observer/filing/0000792987-23-000036.txt

## Key facts
- Shareholder Votes
  ASTEC INDUSTRIES INC shareholders approved Election of four director nominees: William D. Gehl (three-year term), Mark J. Gliebe (one-year term), Nalin Jain (three-year term), Jaco G. van der Merwe (three-year term) at the 2023-04-25 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-04-25
  source text: Item 5.07. Submission of Matters to a Vote of Security Holders Astec Industries, Inc. (the “Company”) held its Annual Meeting of Shareholders on April 25, 2023 (the "Annual Meeting"). The following is a summary of the matters voted on at the meeting: (a) The Company’s shareholders elected the four director nominees listed below for, in the case of Messrs. Gehl, Jain and van der Merwe, a term of three years, and in the case of Mr. Gliebe, a term of one year. The voting results were as follows: For Withheld Broker Non-Votes William D. Gehl 14,837,477 1,350,246 1,086,949 Mark J. Gliebe 16,014,492 173,231 1,086,949 Nalin Jain 15,983,333 204,390 1,086,949 Jaco G. van der Merwe 15,971,517 216,206 1,086,949
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298723000036/0000792987-23-000036-index.htm
- Shareholder Votes
  ASTEC INDUSTRIES INC shareholders approved Advisory approval of the compensation of the Company’s named executive officers at the 2023-04-25 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-04-25
  source text: (b) The Company’s shareholders, approved on an advisory basis, the compensation of the Company’s named executive officers. The voting results were as follows: Votes For Votes Against Abstain Broker Non-Votes 15,753,130 421,975 12,618 1,086,949
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298723000036/0000792987-23-000036-index.htm
- Shareholder Votes
  ASTEC INDUSTRIES INC shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2023 at the 2023-04-25 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-04-25
  source text: (d) The Company’s shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the calendar year 2023. The voting results were as follows: Votes For Votes Against Abstain 17,209,201 50,962 14,509
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298723000036/0000792987-23-000036-index.htm
- Shareholder Votes
  ASTEC INDUSTRIES INC shareholders approved Advisory approval of one year as the frequency for future advisory votes on named executive officer compensation at the 2023-04-25 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-04-25
  source text: (c) The Company’s shareholders, approved on an advisory basis, "one year" for the frequency with which shareholders will vote on a non-binding, advisory basis to approve the compensation of the Company’s named executive officers in future years. The voting results were as follows: Votes For "One Year" Votes For "Two Years" Votes For "Three Years" Abstain Broker Non-Votes 14,682,398 11,206 1,482,928 11,191 1,086,949
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298723000036/0000792987-23-000036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.