secwatch.observer — SEC 8-K summary
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Issuer:     PACCAR INC (PCAR)
CIK:        0000075362
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001193125-23-126902
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

PACCAR awards $3.3M LTIP cash to CEO; shareholders reject climate proposal
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75362/000119312523126902/0001193125-23-126902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75362/000119312523126902/d466569d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-126902

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer