8-K
filed April 28, 2023, 7:59 PM ET
ticker PCAR
CIK 0000075362
other material
confidence high
sentiment neutral
materiality 0.35
PACCAR awards $3.3M LTIP cash to CEO; shareholders reject climate proposal
PACCAR INC
- CEO Feight received $3,294,000 LTIP cash award; total compensation $13,255,737.
- Other NEOs awarded $0.59-1.46M in LTIP cash; Schippers $1,462,340.
- CEO-to-median employee pay ratio 158:1 (median $84,035).
- All 12 directors elected with >371M votes for; say-on-pay and auditor ratified.
- Shareholder proposals on executive termination and climate policy failed.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PACCAR INC shareholders approved Advisory vote on the frequency of executive compensation votes at the 2023-04-25 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-25
Exact text from the filing
Item No. 3. Advisory vote on the frequency of executive compensation votes. One Year received the highest number of affirmative votes of the shares present and entitled to vote at the meeting. Shares Voted For One Year Shares Voted For Two Years Shares Voted For Three Years Abstentions Broker Nonvotes 282,357,444 2,904,248 153,718,597 6,389,298 24,587,915
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PACCAR INC shareholders approved Election of directors at the 2023-04-25 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-25
Exact text from the filing
The following persons were elected to serve as directors with a term expiring in 2024: Nominee Shares Voted "For" Shares Voted "Against" Abstentions Broker Nonvotes M. C. Pigott 421,946,316 20,126,002 3,297,269 24,587,915
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PACCAR INC shareholders rejected Stockholder proposal regarding ratification of executive termination pay at the 2023-04-25 meeting.
- Proposal
- auditor ratification
- Outcome
- failed
- Meeting
- 2023-04-25
Exact text from the filing
Item No. 5. Stockholder proposal regarding ratification of executive termination pay. Item No. 5 did not receive the affirmative vote of a majority of the shares present and entitled to vote at the meeting. Shares Voted "For" Shares Voted "Against" Abstentions Broker Nonvotes 211,791,591 226,430,665 7,147,331 24,587,915
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PACCAR INC shareholders rejected Stockholder proposal regarding a report on climate-related policy engagement at the 2023-04-25 meeting.
- Outcome
- failed
- Meeting
- 2023-04-25
Exact text from the filing
Item No. 6. Stockholder proposal regarding a report on climate-related policy engagement. Item No. 6 did not receive the affirmative vote of a majority of the shares present and entitled to vote at the meeting. Shares Voted "For" Shares Voted "Against" Abstentions Broker Nonvotes 205,510,691 227,754,064 12,104,832 24,587,915
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PACCAR INC shareholders approved Advisory resolution to approve executive compensation at the 2023-04-25 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-25
Exact text from the filing
Item No. 2. Advisory resolution to approve executive compensation. Item No. 2 received the affirmative vote of a majority of the shares outstanding and entitled to vote at the meeting. Shares Voted "For" Shares Voted "Against" Abstentions Broker Nonvotes 414,376,611 27,167,015 3,825,961 24,587,915
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PACCAR INC shareholders approved Advisory vote on the ratification of independent auditors at the 2023-04-25 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-25
Exact text from the filing
Item No. 4. Advisory vote on the ratification of independent auditors. Item No. 4 received the affirmative vote of a majority of the shares present and entitled to vote at the meeting. Shares Voted "For" Shares Voted "Against" Abstentions Broker Nonvotes 450,466,704 16,216,948 3,273,850 0
View on SEC.gov
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