leadership
confidence high
sentiment neutral
materiality 0.35
Grainger shareholders eliminate cumulative voting; Levenick retires, Santi becomes Lead Director
W.W. GRAINGER, INC.
- Shareholders approved elimination of cumulative voting: 38.3M for, 1.1M against, 1.1M abstentions.
- All 12 director nominees elected; Ernst & Young ratified as auditor; say-on-pay approved.
- Stuart Levenick retired at term expiration; E. Scott Santi appointed Lead Director effective April 30.
- Rodney Adkins moved to Audit Committee; Beatriz Perez became Compensation Committee Chair.