8-K
filed October 12, 2023, 7:59 PM ET
ticker RPM
CIK 0000110621
dividend
confidence high
sentiment positive
materiality 0.60
RPM International raises quarterly dividend 10% to $0.46, marking 50th consecutive annual increase
RPM INTERNATIONAL INC/DE/
- Quarterly dividend increased to $0.46 from $0.42, payable Oct 31, 2023 to holders of record Oct 18.
- This marks the 50th consecutive year of dividend increases; only ~41 other U.S. companies have a longer streak.
- Directors Livingston, Nance, Summers re-elected; Julie Lagacy retired from board, authorized board size fixed at 11.
- Over 50 years, reinvested dividends produced ~115,000% total return (15% CAGR).
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
RPM INTERNATIONAL INC/DE/ shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending May 31, 2024 at the 2023-10-05 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-10-05
Exact text from the filing
(iv) The proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending May 31, 2024 was approved with the following votes: For 116,342,457 Against 226,057 Abstain 179,921 Broker Non-Votes 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
RPM INTERNATIONAL INC/DE/ shareholders approved Election of Robert A. Livingston, Frederick R. Nance and William B. Summers, Jr. as Directors at the 2023-10-05 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-10-05
Exact text from the filing
Item 5.07. Submission of Matters to a Vote of Security Holders. Annual Meeting Results The Annual Meeting of Stockholders of the Company was held on October 5, 2023. The following matters were voted on at the Annual Meeting, and the results were as follows: (i) Election of Robert A. Livingston, Frederick R. Nance and William B. Summers, Jr. as Directors of the Company. The nominees were elected as Directors with the following votes: Robert A. Livingston For 100,374,461 Withheld 6,814,513 Broker Non-Votes 9,559,461 Frederick R. Nance For 90,091,514 Withheld 17,097,460 Broker Non-Votes 9,559,461 William B. Summers, Jr. For 98,682,817 Withheld 8,506,157 Broker Non-Votes 9,559,461
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
RPM INTERNATIONAL INC/DE/ shareholders approved Non-binding advisory vote on the frequency of future executive compensation votes at the 2023-10-05 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-10-05
Exact text from the filing
(iii) The non-binding, advisory vote on the frequency of future executive compensation votes received the following votes: Every year 104,646,520 Every two years 376,919 Every three years 1,744,631 Abstain 420,904 Broker non-votes 9,559,461
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
RPM INTERNATIONAL INC/DE/ shareholders approved Proposal to approve, on an advisory, non-binding basis, the compensation of the Company's named executive officers at the 2023-10-05 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-10-05
Exact text from the filing
(ii) The proposal to approve, on an advisory, non-binding basis, the compensation of the Company’s named executive officers, was approved with the following votes: For 80,648,680 Against 25,902,019 Abstain 638,275 Broker Non-Votes 9,559,461
View on SEC.gov
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