--- schema_version: "secwatch.filing_event.v1" accession: "0001628280-23-015793" form_type: "8-K" ticker: "BAX" cik: "0000010456" company_name: "BAXTER INTERNATIONAL INC" filed_at: "2023-05-04T23:59:59+00:00" generated_at: "2026-06-15T19:33:13.319515+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.2 calibrated_materiality_score: 0.15 confidence: "high" source: SEC EDGAR --- # Baxter shareholders elect all 10 directors, approve say-on-pay, reject two proposals ## Summary - All 10 director nominees elected; votes for ranged from ~362M to ~393M of shares voted. - Advisory vote on 2022 executive compensation approved: 308M for (77%), 88M against. - Shareholders recommended annual advisory vote on exec compensation; company will continue annual frequency. - Ratification of PwC as independent auditor for 2023 passed: 418M for, 25M against. - Two shareholder proposals failed: termination pay (38M for) and executive stock retention (124M for). ## SEC filing metadata - accession: 0001628280-23-015793 - form_type: 8-K - ticker: BAX - cik: 0000010456 - company_name: BAXTER INTERNATIONAL INC - filed_at: 2023-05-04T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.2 - calibrated_materiality_score: 0.15 - confidence: high - sec_items: 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/10456/000162828023015793/0001628280-23-015793-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10456/000162828023015793/bax-20230502.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001628280-23-015793 - JSON: https://secwatch.observer/filing/0001628280-23-015793.json - Plain text: https://secwatch.observer/filing/0001628280-23-015793.txt ## Key facts - Shareholder Votes BAXTER INTERNATIONAL INC shareholders approved Advisory vote on executive compensation at the 2023-05-02 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-05-02 source text: By the following vote, stockholders approved, on an advisory basis, the 2022 compensation paid to the Company’s named executive officers: For Against Abstain Broker Non-Votes 308,247,917 88,194,108 1,067,883 45,684,471 evidence_url: https://www.sec.gov/Archives/edgar/data/10456/000162828023015793/0001628280-23-015793-index.htm - Shareholder Votes BAXTER INTERNATIONAL INC shareholders rejected Stockholder proposal relating to stockholder ratification of termination pay at the 2023-05-02 meeting. - Proposal: auditor ratification - Outcome: failed - Meeting: 2023-05-02 source text: By the following vote, stockholders did not approve the stockholder proposal relating to stockholder ratification of termination pay: For Against Abstain Broker Non-Votes 38,402,901 357,438,127 1,668,880 45,684,471 evidence_url: https://www.sec.gov/Archives/edgar/data/10456/000162828023015793/0001628280-23-015793-index.htm - Shareholder Votes BAXTER INTERNATIONAL INC shareholders approved Advisory vote on frequency of say-on-pay at the 2023-05-02 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-05-02 source text: By the following vote, stockholders recommended, to hold an advisory vote on executive compensation on an annual basis : Every Year Every Two Years Every Three Years Abstain Broker Non-Votes 391,353,532 432,251 4,878,519 845,606 45,684,471 evidence_url: https://www.sec.gov/Archives/edgar/data/10456/000162828023015793/0001628280-23-015793-index.htm - Shareholder Votes BAXTER INTERNATIONAL INC shareholders approved Election of ten nominees for director at the 2023-05-02 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-05-02 source text: The ten nominees for director were elected as follows: Nominee For Against Abstain Broker Non-Votes José (Joe) E. Almeida 361,852,100 33,701,315 1,956,493 45,684,471 Michael F. Mahoney 383,057,652 13,911,184 541,072 45,684,471 Patricia B. Morrison 393,043,858 3,957,883 508,167 45,684,471 Stephen N. Oesterle 387,974,278 8,983,436 552,194 45,684,471 Nancy M. Schlichting 379,485,505 17,509,528 514,875 45,684,471 Brent Shafer 392,915,009 4,034,031 560,868 45,684,471 Cathy R. Smith 362,712,574 34,285,979 511,355 45,684,471 Amy A. Wendell 385,028,500 11,967,719 513,689 45,684,471 David S. Wilkes 393,039,608 3,926,902 543,398 45,684,471 Peter M. Wilver 381,620,681 15,310,118 579,109 45,684,471 evidence_url: https://www.sec.gov/Archives/edgar/data/10456/000162828023015793/0001628280-23-015793-index.htm - Shareholder Votes BAXTER INTERNATIONAL INC shareholders approved Ratification of independent registered public accounting firm at the 2023-05-02 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-05-02 source text: By the following vote, stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2023: For Against Abstain 417,840,759 24,780,050 573,570 evidence_url: https://www.sec.gov/Archives/edgar/data/10456/000162828023015793/0001628280-23-015793-index.htm - Shareholder Votes BAXTER INTERNATIONAL INC shareholders rejected Stockholder proposal relating to executives retaining significant stock at the 2023-05-02 meeting. - Outcome: failed - Meeting: 2023-05-02 source text: By the following vote, stockholders did not approve the stockholder proposal relating to executives retaining significant stock: For Against Abstain Broker Non-Votes 123,622,408 272,425,698 1,461,802 45,684,471 evidence_url: https://www.sec.gov/Archives/edgar/data/10456/000162828023015793/0001628280-23-015793-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.