---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-013078"
form_type: "8-K"
ticker: "TTC"
cik: "0000737758"
company_name: "TORO CO"
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T21:49:51.430913+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Toro shareholders elect three directors, approve executive compensation at 2023 annual meeting

## Summary
- Elected Jeffrey M. Ettinger, Eric P. Hansotia, and D. Christian Koch as directors for terms ending 2026.
- Ratified KPMG LLP as independent auditor for FY2023 with 92.9M votes for, 1.7M against.
- Advisory vote on executive compensation approved: 82.6M for, 4.4M against, 717K abstain.
- Advisory vote on say-on-pay frequency: 85.0M for one year; board will continue annual vote.

## SEC filing metadata
- accession: 0001140361-23-013078
- form_type: 8-K
- ticker: TTC
- cik: 0000737758
- company_name: TORO CO
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737758/000114036123013078/0001140361-23-013078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737758/000114036123013078/brhc10050122_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-013078
- JSON: https://secwatch.observer/filing/0001140361-23-013078.json
- Plain text: https://secwatch.observer/filing/0001140361-23-013078.txt

## Key facts
- Shareholder Votes
  TORO CO shareholders approved Advisory approval of frequency of advisory approval of executive compensation at the 2023-03-21 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-03-21
  source text: Proposal Four—Advisory approval of frequency of advisory approval of executive compensation 85,025,231 207,070 2,233,049 223,587 7,116,683
  evidence_url: https://www.sec.gov/Archives/edgar/data/737758/000114036123013078/0001140361-23-013078-index.htm
- Shareholder Votes
  TORO CO shareholders approved Advisory approval of executive compensation at the 2023-03-21 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-03-21
  source text: Proposal Three—Advisory approval of executive compensation 82,610,625 4,361,104 717,208 7,116,683
  evidence_url: https://www.sec.gov/Archives/edgar/data/737758/000114036123013078/0001140361-23-013078-index.htm
- Shareholder Votes
  TORO CO shareholders approved Ratification of the selection of KPMG LLP as TTC’s independent registered public accounting firm for TTC’s fiscal year ending October 31, 2023 at the 2023-03-21 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-03-21
  source text: Proposal Two—Ratification of the selection of KPMG LLP as TTC’s independent registered public accounting firm for TTC’s fiscal year ending October 31, 2023 92,855,033 1,697,732 252,855 --
  evidence_url: https://www.sec.gov/Archives/edgar/data/737758/000114036123013078/0001140361-23-013078-index.htm
- Shareholder Votes
  TORO CO shareholders approved Election of three director nominees, each to serve for a term ending at the 2026 annual meeting of shareholders at the 2023-03-21 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-03-21
  source text: Proposal One—Election of three director nominees, each to serve for a term ending at the 2026 annual meeting of shareholders Jeffrey M. Ettinger 83,533,879 4,155,058 -- 7,116,683 Eric P. Hansotia 85,571,953 2,116,984 -- 7,116,683 D. Christian Koch 85,482,950 2,205,987 -- 7,116,683
  evidence_url: https://www.sec.gov/Archives/edgar/data/737758/000114036123013078/0001140361-23-013078-index.htm

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