Pitney Bowes annual meeting: 4 activist nominees elected, say-on-pay rejected

PITNEY BOWES INC /DE/

Nine directors elected include Hestia Capital nominees May, Alberti-Perez, Everett, and Wolf.
Company nominees Busquet, Dutkowsky, and Sanford defeated in contested election.
Advisory vote on executive compensation failed: 72.1M against, 62.6M for.
Ratification of PwC (118.9M for) passed; shareholders chose annual say-on-pay frequency (119.8M).

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

PITNEY BOWES INC /DE/ shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-12 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-12

Exact text from the filing

2. Ratification of PwC as Independent Public Accounting Firm For Against Abstained 118,943,905 8,297,390 9,760,813

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

PITNEY BOWES INC /DE/ shareholders rejected Non-binding advisory vote to approve the compensation of named executive officers at the 2023-05-12 meeting.

Proposal: say on pay
Outcome: failed
Meeting: 2023-05-12

Exact text from the filing

3. Non-Binding Advisory Vote on Compensation of Named Executive Officers For Against Abstained 62,603,412 72,065,565 2,333,131

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

PITNEY BOWES INC /DE/ shareholders approved Non-binding advisory vote on the frequency of future advisory votes to approve executive compensation at the 2023-05-12 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-05-12

Exact text from the filing

4. Non-Binding Advisory Vote on the Frequency of Future Advisory Votes to Approve Executive Compensation 1 year 2 years 3 years Abstained 119,826,858 1,310,462 2,725,784 13,139,004

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

PITNEY BOWES INC /DE/ shareholders approved Election of nine directors to serve until the 2024 annual meeting at the 2023-05-12 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-12

Exact text from the filing

1. Election of Directors Company Nominees For Withheld Steve Brill 125,117,108 11,772,549 Anne M. Busquet 37,222,882 99,281,936 Robert M. Dutkowsky 49,450,414 87,048,807 Mary J. Steele Guilfoile 124,224,090 12,647,160 Marc B. Lautenbach 85,048,642 51,435,922 Linda S. Sanford 54,536,652 81,959,667 Sheila A. Stamps 124,571,171 12,308,584 Darrell Thomas 124,494,306 12,368,216 Hestia Capital Partners LP Nominees For Withheld Katie A. May 133,642,484 3,287,846 Milena Alberti-Perez 90,338,096 45,191,549 Todd Everett 89,099,102 46,424,365 Lance Rosenzweig 55,401,174 80,125,197 Kurt Wolf 78,814,898 56,694,964

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550 shareholder votes filed in the last 30 days. Browse all shareholder votes →

PITNEY BOWES INC /DE/ filing history →

Source: SEC EDGAR

accession 0001193125-23-143606

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