AVERY DENNISON CORPORATION (NYSE:AVY) 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.
(a) (b)Avery Dennison Corporation (the Company) held its Annual
Meeting of Stockholders on April27, 2017 (the Annual Meeting). A
total of 78,641,592 shares of the Companys common stock,
representing approximately 89% of the 88,791,450 shares
outstanding and eligible to vote as of the February27, 2017
record date for the meeting set by the Companys Board of
Directors (the Board), were represented in person or by proxy at
the Annual Meeting, constituting a quorum. At the Annual Meeting,
the Companys stockholders (i)elected Bradley A. Alford, Anthony
K. Anderson, Peter K. Barker, Mitchell R. Butier, Ken C. Hicks,
Andres A. Lopez, David E. I. Pyott, Dean A. Scarborough, Patrick
T. Siewert, Julia A. Stewart and Martha N. Sullivan to the Board;
(ii)approved, on an advisory basis, the Companys executive
compensation; (iii)approved, on an advisory basis, every one year
as the frequency with which the Companys stockholders should have
an advisory vote to approve executive compensation; (iv)approved
the Companys 2017 Incentive Award Plan; and (v)ratified the
appointment of PricewaterhouseCoopers LLP as the Companys
independent registered public accounting firm for fiscal year
2017.
The final results of the voting for the eleven director nominees
named in the Companys proxy statement filed with the Securities
and Exchange Commission on March10, 2017 (the 2017 Proxy
Statement) were as follows:
|
Director Nominee |
For |
Against |
Abstain |
Broker Non-Votes |
||||
|
Bradley A. Alford |
71,692,990 |
196,884 |
84,252 |
6,667,466 |
||||
|
Anthony K. Anderson |
70,983,045 |
901,971 |
89,110 |
6,667,466 |
||||
|
Peter K. Barker |
69,774,675 |
2,082,637 |
116,814 |
6,667,466 |
||||
|
Mitchell R. Butier |
71,490,086 |
406,577 |
77,463 |
6,667,466 |
||||
|
Ken C. Hicks |
71,278,771 |
606,861 |
88,494 |
6,667,466 |
||||
|
Andres A. Lopez |
71,770,187 |
100,678 |
103,261 |
6,667,466 |
||||
|
David E. I. Pyott |
69,551,895 |
2,313,436 |
108,795 |
6,667,466 |
||||
|
Dean A. Scarborough |
70,362,394 |
1,474,172 |
137,560 |
6,667,466 |
||||
|
Patrick T. Siewert |
70,596,708 |
1,279,002 |
98,416 |
6,667,466 |
||||
|
Julia A. Stewart |
70,282,955 |
1,588,985 |
102,186 |
6,667,466 |
||||
|
Martha N. Sullivan |
71,377,545 |
518,458 |
78,123 |
6,667,466 |
The final results of the voting for proposals 2, 4 and 5
described in the 2017 Proxy Statement were as follows:
|
Proposal |
For |
Against |
Abstain |
Broker Non-Votes |
||||
|
Approval, on an advisory basis, of the Companys executive |
67,534,069 |
4,078,467 |
361,590 |
6,667,466 |
||||
|
Approval of the Companys 2017 Incentive Award Plan |
67,669,485 |
3,983,417 |
321,224 |
6,667,466 |
||||
|
Ratification of appointment of PricewaterhouseCoopers LLP |
76,380,486 |
2,034,973 |
226,133 |
|
The final results of the voting for proposal 3 described in the
2017 Proxy Statement were as follows:
|
Proposal |
One Year |
Two Years |
Three Years |
Abstain |
Broker Non-Votes |
|||||
|
Approval, on an advisory basis, of the frequency of the |
63,007,392 |
438,941 |
8,357,248 |
170,545 |
|
(d) At a meeting held immediately before the Annual Meeting,
the Board reviewed the preliminary voting results for the
Annual Meeting. Based on that review and the previous
recommendation of the Compensation and Executive Personnel
Committee, the Board determined, until the next required vote
on the frequency of the advisory vote to approve executive
compensation, to hold the advisory vote to approve executive
compensation every one year.
Section8 Other Events
Item8.01 Other Events.
On April27, 2017, the Board authorized the repurchase of
additional shares of the Companys common stock with a fair
market value of up to $650 million (exclusive of any fees,
commissions or other expenses related to such purchases and in
addition to any amount outstanding under any previous Board
authorization).
About AVERY DENNISON CORPORATION (NYSE:AVY)
Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting. The Company’s operational segments include Pressure-sensitive Materials (PSM), Retail Branding and Information Solutions (RBIS), and Vancive Medical Technologies (Vancive). It also sells pressure-sensitive materials in converted form as tapes and reflective sheeting. It also manufactures and sells a range of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification (RFID) inlays and tags, and imprinting equipment and related services, which it markets to retailers, and apparel manufacturers and brand owners. AVERY DENNISON CORPORATION (NYSE:AVY) Recent Trading Information
AVERY DENNISON CORPORATION (NYSE:AVY) closed its last trading session down -0.40 at 83.14 with 928,820 shares trading hands.
