secwatch.observer — SEC 8-K summary
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Issuer:     PACCAR INC (PCAR)
CIK:        0000075362
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001193125-24-130689
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PACCAR elects three new directors, discloses LTIP awards and shareholder vote results
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- Board expands to 14; Pierre Breber and Brice Hill join effective July 1, 2024, Luiz Pretti effective Sept 1, 2024.
- LTIP Cash Awards for 2021-2023 cycle: CEO R.P. Feight receives $20.9M total compensation; median employee $93,387 (ratio 224:1).
- Shareholders re-elected all 12 director nominees; advisory 'Say on Pay' passed with 93.4% support.
- Climate-related policy engagement proposal rejected (129M for, 312M against).
- Stockholders voted for annual advisory vote on executive compensation (one-year frequency).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75362/000119312524130689/0001193125-24-130689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75362/000119312524130689/d756864d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-130689

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