other material
confidence high
sentiment neutral
materiality 0.15
TPI Composites annual meeting: two charter amendments fail despite majority support
TPI COMPOSITES, INC
- Elected Giovacchini, Desai, Holloway, Hall as Class II directors with >21.8M votes each.
- Ratification of independent auditor passed with 28.5M for, 1.4M against.
- Non-binding advisory vote on executive compensation passed with 21.8M for, 3.5M against.
- Proposal to declassify board failed (25.2M for, 0.24M against) – needed 75% of outstanding shares.
- Proposal to eliminate supermajority voting also failed (24.9M for, 0.6M against) under same threshold.