8-K
filed May 19, 2023, 7:59 PM ET
ticker AP
CIK 0000006176
other material
confidence high
sentiment neutral
materiality 0.50
Ampco-Pittsburgh shareholders approve 1M share increase in incentive plan; PSUs granted targeting $10 stock price
AMPCO PITTSBURGH CORP
- Shareholders approved amendment increasing shares available under 2016 Omnibus Incentive Plan by 1,000,000 shares.
- CEO granted PSU award for up to 100,000 shares; other NEOs up to 50,000 shares each.
- PSUs vest when stock price reaches $10.00 for 10 trading days or by May 15, 2024.
- Four directors elected: Abel, DiSanto, McNair, Paul; each with >13 million votes for.
- Say-on-pay passed with 14.4M for vs 318,515 against; audit firm BDO USA LLP ratified.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
AMPCO PITTSBURGH CORP shareholders approved To approve the amendment to the Corporation’s 2016 Omnibus Incentive Plan at the 2023-05-18 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
4. To approve the amendment to the Corporation’s 2016 Omnibus Incentive Plan: For Against Abstain Broker Non-Votes 9,715,558 4,963,532 97,736 1,598,598
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
AMPCO PITTSBURGH CORP shareholders approved To ratify the appointment of BDO USA, LLP as the independent registered public accounting firm for 2023 at the 2023-05-18 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
5. To ratify the appointment of BDO USA, LLP as the independent registered public accounting firm for 2023: For Against Abstain 16,262,829 106,566 6,029
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
AMPCO PITTSBURGH CORP shareholders approved To approve, in a non-binding advisory vote, the compensation of the Corporation’s named executive officers at the 2023-05-18 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
2. To approve, in a non-binding advisory vote, the compensation of the Corporation’s named executive officers: For Against Abstain Broker Non-Votes 14,414,160 318,515 44,151 1,598,598
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
AMPCO PITTSBURGH CORP shareholders approved To approve, in a non-binding advisory vote, the frequency of the advisory vote to approve executive compensation at the 2023-05-18 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
3. To approve, in a non-binding advisory vote, the frequency of the advisory vote to approve executive compensation: 1 Year 2 Years 3 Years Abstain 11,397,503 48,500 3,285,898 44,925
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
AMPCO PITTSBURGH CORP shareholders approved Election of four directors at the 2023-05-18 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
1. In the election of four directors for a term that expires in 2026: For Withheld Broker Non-Votes James J. Abel 13,514,298 1,262,528 1,598,598 Fredrick D. DiSanto 14,501,264 275,562 1,598,598 Darrell L. McNair 14,500,809 276,017 1,598,598 Stephen E. Paul 14,503,107 273,719 1,598,598
View on SEC.gov
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