other
confidence high
sentiment neutral
materiality 0.40
Babcock & Wilcox shareholders reject board declassification and supermajority removal
Babcock & Wilcox Enterprises, Inc.
- Proposal to declassify board needed 80% of outstanding shares; got 52.7M for, failed.
- Proposal to remove supermajority vote requirements also failed with 52.0M votes for.
- Directors Joseph Tato and Kenneth Young elected as Class I directors for three-year terms.
- Ratification of BDO USA as auditor approved (73.2M for, 0.2M against).
- Non-binding say-on-pay passed with 44.8M votes for.
item 5.07