--- schema_version: "secwatch.filing_event.v1" accession: "0000908255-23-000021" form_type: "8-K" ticker: "BWA" cik: "0000908255" company_name: "BORGWARNER INC" filed_at: "2023-04-27T23:59:59+00:00" generated_at: "2026-06-16T10:50:02.779508+00:00" event_type: "dividend" sentiment: "positive" materiality_score: 0.25 calibrated_materiality_score: 0.25 confidence: "high" source: SEC EDGAR --- # BorgWarner declares $0.17 quarterly dividend; annual meeting votes approve board and stock plan ## Summary - All eight director nominees elected with >90% votes; say-on-pay advisory approved with 92% support. - Two shareholder proposals (lower special meeting threshold, Just Transition Report) defeated. - Ratification of PwC as auditor and approval of 2023 Stock Incentive Plan passed. - Quarterly cash dividend of $0.17 per share declared, payable June 15, 2023, record June 1, 2023. - Dividend unchanged from prior quarter; company continues quarterly payout. ## SEC filing metadata - accession: 0000908255-23-000021 - form_type: 8-K - ticker: BWA - cik: 0000908255 - company_name: BORGWARNER INC - filed_at: 2023-04-27T23:59:59+00:00 - event_type: dividend - sentiment: positive - materiality_score: 0.25 - calibrated_materiality_score: 0.25 - confidence: high - sec_items: 5.07, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/908255/000090825523000021/0000908255-23-000021-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908255/000090825523000021/bwa-20230426.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000908255-23-000021 - JSON: https://secwatch.observer/filing/0000908255-23-000021.json - Plain text: https://secwatch.observer/filing/0000908255-23-000021.txt ## Key facts - Shareholder Votes BORGWARNER INC shareholders approved Advisory vote on compensation of named executive officers at the 2023-04-26 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-04-26 source text: (b) Approval, on an advisory basis, of the compensation of the Company’s named executive officers: For Against Abstain Broker Non-Votes 179,505,117 14,546,724 299,075 13,818,106 evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825523000021/0000908255-23-000021-index.htm - Shareholder Votes BORGWARNER INC shareholders approved Ratification of PricewaterhouseCoopers LLP as independent auditor for 2023 at the 2023-04-26 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-04-26 source text: (d) Ratification of the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for 2023: For Against Abstain 201,597,194 6,432,463 139,365 evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825523000021/0000908255-23-000021-index.htm - Shareholder Votes BORGWARNER INC shareholders approved Election of Directors at the 2023-04-26 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-04-26 source text: (a) Election of Sara A. Greenstein, Michael S. Hanley, Frédéric B. Lissalde, Shaun E. McAlmont, Deborah D. McWhinney, Alexis P. Michas, Sailaja K. Shankar, and Hau N. Thai-Tang to the Board of Directors: For Against Abstention Broker Non-Votes Greenstein 190,627,664 3,547,471 175,781 13,818,106 Hanley 192,492,097 1,680,131 178,688 13,818,106 Lissalde 193,626,131 545,206 179,579 13,818,106 McAlmont 190,172,948 3,540,844 637,124 13,818,106 McWhinney 189,826,316 4,350,932 173,668 13,818,106 Michas 179,927,645 14,248,911 174,360 13,818,106 Shankar 193,051,686 1,118,638 180,592 13,818,106 Thai-Tang 193,484,803 684,137 181,976 13,818,106 evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825523000021/0000908255-23-000021-index.htm - Shareholder Votes BORGWARNER INC shareholders rejected Stockholder proposal to request Board publish a Just Transition Report at the 2023-04-26 meeting. - Outcome: failed - Meeting: 2023-04-26 source text: (g) Stockholder proposal to request the Board of Directors to publish a Just Transition Report: For Against Abstain Broker Non-Votes 61,160,764 129,810,952 3,379,200 13,818,106 evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825523000021/0000908255-23-000021-index.htm - Shareholder Votes BORGWARNER INC shareholders approved Approval of the BorgWarner Inc. 2023 Stock Incentive Plan at the 2023-04-26 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2023-04-26 source text: (e) Approval of the BorgWarner Inc. 2023 Stock Incentive Plan: For Against Abstain Broker Non-Votes 178,779,067 15,353,404 218,445 13,818,106 evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825523000021/0000908255-23-000021-index.htm - Shareholder Votes BORGWARNER INC shareholders rejected Stockholder proposal to change ownership threshold to call special meeting at the 2023-04-26 meeting. - Outcome: failed - Meeting: 2023-04-26 source text: (f) Stockholder proposal to change the ownership threshold to call a special meeting of the stockholders: For Against Abstain Broker Non-Votes 84,485,984 109,604,506 260,426 13,818,106 evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825523000021/0000908255-23-000021-index.htm - Shareholder Votes BORGWARNER INC shareholders approved Advisory vote on frequency of named executive officer compensation at the 2023-04-26 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-04-26 source text: (c) Approval, on an advisory basis, of the frequency of voting on named executive officer compensation: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 181,220,189 111,324 12,830,132 189,271 13,818,106 evidence_url: https://www.sec.gov/Archives/edgar/data/908255/000090825523000021/0000908255-23-000021-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.