8-K
filed May 4, 2023, 7:59 PM ET
ticker TR
CIK 0000098677
other
confidence high
sentiment neutral
materiality 0.10
Tootsie Roll shareholders re-elect all 5 directors, approve auditor and say-on-pay
TOOTSIE ROLL INDUSTRIES INC
- All five director nominees received over 311 million votes for; broker non-votes ~3.6 million.
- Grant Thornton LLP ratified as auditor for 2023 with ~316 million votes for vs. 4.4 million against.
- Advisory vote on 2022 executive compensation approved: 305.6 million for, 11.3 million against.
- Shareholders chose a three-year frequency for future say-on-pay votes, with ~304.7 million votes for three years.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TOOTSIE ROLL INDUSTRIES INC shareholders approved Ratification of Appointment of Grant Thornton LLP as the Independent Registered Public Accounting Firm of the Company for 2023 at the 2023-05-01 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-01
Exact text from the filing
The appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for fiscal year ending December 31, 2023 was ratified by a vote of 316,147,660 for the motion and 4,418,201 against the motion.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TOOTSIE ROLL INDUSTRIES INC shareholders approved Election of Directors at the 2023-05-01 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-01
Exact text from the filing
The five nominees for the Board of Directors were elected to hold office until the next annual meeting of stockholders and until their successors are elected and duly qualified.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TOOTSIE ROLL INDUSTRIES INC shareholders approved Approval of the Frequency of Shareholder Votes on Named Executive Officer Compensation at the 2023-05-01 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-01
Exact text from the filing
A shareholder advisory on named executive officer compensation will be held every three years by a vote of 12,003,724 for one year, 165,239 for two years and 304,651,364 for three years.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TOOTSIE ROLL INDUSTRIES INC shareholders approved Approval of Executive Compensation of the Named Executive Officers of the Company at the 2023-05-01 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-01
Exact text from the filing
A shareholder advisory on named executive officer compensation for fiscal 2022 was approved by vote of 305,626,468 for the motion and 11,309,543 against the motion.
View on SEC.gov
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