8-K
filed May 10, 2023, 7:59 PM ET
ticker HY
CIK 0001173514
leadership
confidence high
sentiment neutral
materiality 0.75
Hyster-Yale names Rajiv Prasad President and CEO; Rankin becomes Executive Chairman
HYSTER-YALE, INC.
- Rajiv Prasad, age 59, appointed President and CEO effective May 9, 2023; base salary $972,315/year.
- Alfred Rankin transitions to Executive Chairman; base salary reduced to $1,006,400/year.
- Stockholders approved Non-Employee Directors' Equity Compensation Plan; 200,000 shares authorized.
- Thirteen directors elected; advisory say-on-pay passed with 96.7% support.
- Anthony Salgado, COO of HYG, receives compensation increase; base salary $616,250/year.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rajiv K. Prasad was appointed as President and Chief Executive Officer at HYSTER-YALE, INC..
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
appointed Rajiv K. Prasad, age 59, as President and Chief Executive Officer (“CEO”) of the Company, effective May 9, 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alfred M. Rankin, Jr. changed role as Executive Chairman at HYSTER-YALE, INC..
- Action
- assumed
- Role
- Executive Chairman
Exact text from the filing
Alfred M. Rankin, Jr., who has served as the Company’s Chairman and CEO, assumed the role of Executive Chairman of the Board of Directors (the “Board”) of the Company on the Effective Date.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HYSTER-YALE, INC. shareholders approved Advisory vote on named executive officer compensation at the 2023-05-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
The stockholders approved, on an advisory basis, the Company's named executive officer compensation: For 46,166,251 Against 1,349,904 Abstain 32,326 Broker non-votes 998,031
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HYSTER-YALE, INC. shareholders approved Election of thirteen directors at the 2023-05-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
The stockholders elected the following thirteen nominees to the Board of Directors until the next annual meeting and until their successors are elected: DIRECTOR VOTE FOR VOTES WITHHELD BROKER NON-VOTES Colleen R. Batcheler 47,423,552 124,918 998,031 James B. Bemowski 47,375,587 172,883 998,031 J.C. Butler, Jr. 44,132,077 3,416,393 998,031 Carolyn Corvi 45,568,309 1,980,161 998,031 Edward T. Eliopoulos 47,164,677 383,793 998,031 John P. Jumper 44,771,781 2,776,689 998,031 Dennis W. LaBarre 43,646,215 3,902,255 998,031 H. Vincent Poor 45,656,188 1,892,282 998,031 Rajiv K. Prasad 46,900,918 647,552 998,031 Alfred M. Rankin, Jr. 45,371,384 2,177,086 998,031 Claiborne R. Rankin 45,348,919 2,199,551 998,031 Britton T. Taplin 45,344,046 2,204,424 998,031 David B.H. Williams 45,324,803 2,223,667 998,031
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HYSTER-YALE, INC. shareholders approved Ratification of Ernst & Young as independent auditor at the 2023-05-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
The stockholders confirmed the appointment of Ernst & Young LLP as the independent registered public accounting firm of the Company for the current fiscal year: For 48,133,366 Against 397,683 Abstain 15,463
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
HYSTER-YALE, INC. shareholders approved Approval of Non-Employee Directors' Equity Compensation Plan at the 2023-05-09 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
The stockholders approved the Hyster-Yale Materials Handling, Inc. Non-Employee Directors' Equity Compensation Plan (As Amended and Restated Effective May 9, 2023): For 47,435,722 Against 92,168 Abstain 20,591 Broker non-votes 998,031
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.