secwatch / observer
8-K filed June 13, 2023, 7:59 PM ET ticker TWI CIK 0000899751
other material confidence high sentiment negative materiality 0.15

Titan International shareholders reject 2022 executive compensation in advisory vote; CFO to explain plan

TITAN INTERNATIONAL INC

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

TITAN INTERNATIONAL INC shareholders approved Election of Richard M. Cashin Jr., Max A. Guinn, Mark H. Rachesky, MD, Paul G. Reitz, Anthony L. Soave, Maurice M. Taylor, Jr., and Laura K. Thompson as directors to serve one-year terms and until their successors are elected and qualified. at the 2023-06-08 meeting.

Proposal
director election
Outcome
passed
Meeting
2023-06-08
Exact text from the filing
Proposal 1: Election of Directors The following nominees for election to the Titan International, Inc. Board of Directors, Mr. Guinn, Dr. Rachesky, Mr. Reitz, Mr. Soave, Mr. Taylor, and Ms. Thompson were duly elected for a one-year term. The number of votes cast for or against (or withheld) and the number of broker non-votes with respect to Proposal 1 voted upon, as applicable, are set forth below: Shares Voted For Shares Withheld Broker Non-Votes Richard M. Cashin Jr. 23,611,593 25,414,155 5,850,472 Max A. Guinn 32,544,501 16,481,247 5,850,472 Mark H. Rachesky, MD 34,580,404 14,445,344 5,850,472 Paul G. Reitz 38,187,026 10,838,722 5,850,472 Anthony L. Soave 33,837,281 15,188,467 5,850,472 Maurice M. Taylor, Jr. 37,502,140 11,523,608 5,850,472 Laura K. Thompson 36,440,403 12,585,345 5,850,472
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

TITAN INTERNATIONAL INC shareholders approved Approval, in a non-binding advisory vote, of the frequency of future advisory votes on compensation paid to the Company's named executive officers. at the 2023-06-08 meeting.

Proposal
say on pay frequency
Outcome
passed
Meeting
2023-06-08
Exact text from the filing
Proposal 4: Non-Binding Advisory Vote of the Frequency of Future Advisory Votes on Compensation Paid to the Company's Named Executive Officers The non-binding advisory resolution on frequency of future advisory votes on compensation paid to the Company's named executive officers received the following vote: 1 Year 2 Years 3 Years Abstain Shares Voted For 30,016,206 15,811,645 3,156,849 41,048
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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

TITAN INTERNATIONAL INC shareholders approved Ratification of the selection of Grant Thornton LLP by the Board of Directors as the independent registered public accounting firm to audit the Company's financial statements for the year ending December 31, 2023. at the 2023-06-08 meeting.

Proposal
auditor ratification
Outcome
passed
Meeting
2023-06-08
Exact text from the filing
Proposal 2: Ratification of Independent Registered Public Accounting Firm of Grant Thornton LLP The selection of Grant Thornton LLP as the independent registered public accounting firm to audit the Company's financial statements for the year ending December 31, 2023 was ratified by the following vote: Shares Voted For Shares Against Shares Abstaining Broker Non-Votes 54,251,189 550,679 74,352 —
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

TITAN INTERNATIONAL INC shareholders rejected Approval, in a non-binding advisory vote, of the 2022 compensation paid to the Company's named executive officers. at the 2023-06-08 meeting.

Proposal
say on pay
Outcome
failed
Meeting
2023-06-08
Exact text from the filing
Proposal 3: Non-Binding Advisory Vote of the 2022 Compensation Paid to the Named Executive Officers The non-binding advisory resolution on 2022 executive compensation was not approved: Shares Voted For Shares Against Shares Abstaining Broker Non-Votes 22,817,147 26,139,549 69,052 5,850,472
View on SEC.gov

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TITAN INTERNATIONAL INC filing history →

Source: SEC EDGAR
accession 0000899751-23-000048
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