other material
confidence high
sentiment neutral
materiality 0.30
PACCAR reports CEO pay ratio 168:1; stockholders eliminate supermajority vote provisions
PACCAR INC
- CEO R.P. Feight total comp $12,800,753; median employee annual comp $76,395; ratio 168:1.
- LTIP Cash Awards for 2019-2021 cycle approved for Named Executive Officers (Feight, Schippers, Barkley, Dozier, Siver).
- Stockholders approved amendment to Certificate of Incorporation eliminating supermajority vote requirements.
- All 11 director nominees elected at annual meeting; stockholder proposal to reduce special meeting threshold failed.
- Amendment effective upon filing with Delaware Secretary of State; attached as Exhibit 3(i).