TITAN INTERNATIONAL, INC. (NYSE:TWI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
TITAN INTERNATIONAL, INC. (NYSE:TWI) Files An 8-K Submission of Matters to a Vote of Security Holders
On June 12, 2019, Titan International, Inc. (Titan or the Company) held its Annual Meeting of Stockholders (Annual Meeting) to consider and act upon the following matters:
Of the 60,000,370 shares of Titan common stock outstanding on the record date, there were a total of 54,917,273 shares of Titan common stock (or 91.52% of total shares outstanding) represented at the Annual Meeting.
Proposal 1>
Richard M. Cashin Jr., Gary L. Cowger, Albert J. Febbo, Mark H. Rachesky, MD, Paul G. Reitz, Anthony L. Soave, and Maurice M. Taylor, Jr. were elected as directors with the following vote:
Proposal 2
The selection of Grant Thornton LLP as the independent registered public accounting firm was ratified by the following vote:
Proposal 3
The non-binding advisory resolution on executive compensation was approved by the following vote:
Proposal 4
The Shareholder proposal to approve, by a non-binding advisory vote, the request that the Company’s Board of Directors immediately take the necessary steps to achieve a sale, merger, or other disposition of the Company on terms that will maximize stockholder value as expeditiously as possible was not submitted to a vote at the Annual Meeting because the proponent failed to properly present the proposal personally or through a qualified representative at the Annual Meeting. Had the proposal been properly presented, the proposal would have received the following vote:
About TITAN INTERNATIONAL, INC. (NYSE:TWI)
Titan International, Inc. is a manufacturer of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates through three segments: agricultural, earthmoving/construction and consumer. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment. The Company’s earthmoving/construction market includes rims, wheels, tires and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military and construction equipment. The Company’s consumer market includes bias truck tires in Latin America and light truck tires in Russia, as well as products for all-terrain vehicles (ATVs).
