CABOT CORPORATION (NYSE:CBT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangement of Certain Officers
At the annual meeting of stockholders of Cabot Corporation (the
Company) held on March9, 2017, the Companys stockholders approved
the Cabot Corporation 2017 Long-Term Incentive Plan (the Plan),
authorizing the issuance of 5,375,000 shares of the Companys
common stock. A brief description of the terms and conditions of
the Plan is set forth in the Companys definitive proxy statement
on Schedule14A filed with the Securities and Exchange Commission
on January30, 2017 under the heading Proposal4- Approval of 2017
Long-Term Incentive Plan and such description is incorporated
herein by reference. A copy of the Plan is included as Appendix A
to the proxy statement.
Item5.07 Submission of Matters to a Vote of Security
Holders
As described in Item5.02 above, on March9, 2017, the Company held
its annual meeting of stockholders to notice duly given. The
Companys stockholders voted on the following five proposals and
cast their votes as set forth below.
| 1. |
All of the Boards nominees for director were elected to the class of directors whose term expires in 2020 by the votes set forth in the table below: |
| For | Against | Abstain | BrokerNon-Votes | |||||||||||||
|
Juan Enriquez |
51,704,407 | 1,089,965 | 155,989 | 2,987,429 | ||||||||||||
|
William C. Kirby |
52,522,307 | 271,604 | 156,450 | 2,987,429 | ||||||||||||
|
Patrick M. Prevost |
50,255,485 | 2,661,721 | 33,155 | 2,987,429 | ||||||||||||
|
Sean D. Keohane |
52,006,257 | 920,510 | 23,594 | 2,987,429 |
In addition to the directors elected at the meeting to the class
of directors whose terms expire in 2020, the terms of office of
the following directors continued after the meeting: Roderick
C.G. MacLeod, John K. McGillicuddy, John F. OBrien, Sue H. Rataj,
Matthias L. Wolfgruber and Mark S. Wrighton.
| 2. |
The Companys stockholders approved, on an advisory basis, the compensation of the Companys named executive officers by the votes set forth in the table below: |
|
For: |
50,785,256 | |||
|
Against: |
2,025,654 | |||
|
Abstain: |
139,451 | |||
|
Broker Non-Votes: |
2,987,429 |
| 3. |
The Companys stockholders recommended, as set forth below, the frequency with which the Company should hold its advisory vote on executive compensation: |
|
One Year: |
45,847,838 | |||
|
Two Years: |
106,868 | |||
|
Three Years: |
6,899,109 | |||
|
Abstain: |
96,546 | |||
|
Broker Non-Votes: |
2,987,429 |
In light of these voting results, and consistent with the
recommendation of the Companys Board of Directors, the Board will
hold its advisory vote on the compensation of named executive
officers annually until the next frequency vote. A frequency vote
is required to be held at least once every six years.
| 4. |
The Companys stockholders approved the 2017 Long-Term Incentive Plan by the votes set forth in the table below: |
|
For: |
48,364,663 | |||
|
Against: |
4,421,734 | |||
|
Abstain: |
163,964 | |||
|
Broker Non-Votes: |
2,987,429 |
| 5. |
The Companys stockholders ratified the appointment of Deloitte Touche LLP as the Companys independent registered public accounting firm for the fiscal year ending September30, 2017 by the votes set forth in the table below: |
|
For: |
54,685,294 | |||
|
Against: |
1,219,204 | |||
|
Abstain: |
33,292 |
The proposal to ratify the appointment of Deloitte Touche LLP was
a routine matter and, therefore, there were no broker non-votes
relating to that matter.
About CABOT CORPORATION (NYSE:CBT)
Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and specialty fluids. Reinforcement materials’ rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated. Its rubber blacks products are used in tires and industrial products. Performance Chemicals consists of two businesses: specialty carbons and formulations business, and metal oxides business. Purification Solutions’ activated carbon products are used for the purification of water, air and pharmaceuticals, among others, as either a colorant or a decolorizing agent in the production of food and beverage applications. Its specialty fluids segment produces and markets cesium formate as a drilling and completion fluid for use in high pressure and high temperature oil and gas well construction. CABOT CORPORATION (NYSE:CBT) Recent Trading Information
CABOT CORPORATION (NYSE:CBT) closed its last trading session up +0.30 at 58.90 with 263,422 shares trading hands.