John Bean Technologies Corporation (NYSE:JBT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Bean Technologies Corporation (the Company), the Companys
stockholders approved the John Bean Technologies Corporation 2017
Incentive Compensation and Stock Plan (the 2017 ICSP). A
description of the material terms of the 2017 ICSP is set forth
under the heading Proposal 2: Approval of the John Bean
Technologies Corporation 2017 Incentive Compensation and Stock
Plan in the Companys definitive proxy statement on Schedule 14A
filed with the Securities and Exchange Commission on March 30,
2017, which description is hereby incorporated by reference into
this Item 5.02. A copy of the 2017 ICSP is filed as Exhibit 10.1
to this Current Report on Form 8-K and is incorporated herein by
reference, and the foregoing summary is qualified in its entirety
by reference to the terms and provisions of the 2017 ICSP.
stockholders in Chicago, Illinois. At the meeting, the Companys
stockholders voted on five proposals and cast their votes as
described below. The proposals are described in detail in the
Companys definitive proxy statement on Schedule 14A filed with
the Securities and Exchange Commission on March 30, 2017.
of Directors for a term of three years or until their successors
are duly qualified and elected as set forth below:
|
Name
|
Votes For
|
Against
|
Abstentions
|
Broker Non-Votes
|
|
Thomas W. Giacomini
|
27,921,862
|
973,801
|
20,818
|
1,436,201
|
|
Polly B. Kawalek
|
28,038,582
|
858,211
|
19,688
|
1,436,201
|
Corporation 2017 Incentive Compensation and Stock Plan as set
forth below:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-Votes
|
|
27,669,927
|
1,192,400
|
54,154
|
1,436,201
|
Compensation and Stock Plan is filed with report as Exhibit 10.1.
Companys named executive officer compensation as set forth below:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-Votes
|
|
28,099,992
|
752,453
|
64,036
|
1,436,201
|
future stockholder advisory votes on the Companys named executive
officer compensation every year as set forth below:
|
Votes for 1 year
|
Votes for 2 year
|
Votes for 3 year
|
Abstentions
|
Broker Non-Votes
|
|
24,095,491
|
22,740
|
4,759,421
|
38,829
|
1,436,201
|
stockholder vote regarding the frequency of future stockholder
advisory votes on the compensation of the Companys named
executive officers and adopted the stockholders recommendation of
an annual advisory vote on the compensation of the Companys named
executive officers until the next stockholder advisory vote on
this matter, which will occur no later than the Companys annual
meeting of stockholders in 2023, or until the Board otherwise
determines that a different frequency for such advisory vote
would be in the best interests of the Companys stockholders.
the Companys independent registered public accounting firm for
the 2017 fiscal year as set forth below:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-Votes
|
|
29,467,795
|
821,952
|
62,935
|
|
Exhibit No.
|
Description
|
|
|
10.1
|
John Bean Technologies Corporation 2017 Incentive
Compensation and Stock Plan. |
|
|
10.2
|
Form of Performance-Based Restricted Stock Unit Grant
Agreement ELT Version 5 year Retirement Vesting. |
|
|
10.3
|
Form of Performance-Based Restricted Stock Unit Grant
Agreement ELT Version 10 year Retirement Vesting. |
|
|
10.4
|
Form of Performance-Based Restricted Stock Unit Grant
Agreement Non-ELT Version 5 year Retirement Vesting. |
|
|
10.5
|
Form of Performance-Based Restricted Stock Unit Grant
Agreement Non-ELT Version 10 year Retirement Vesting. |
|
|
10.6
|
Form of Time-Based Restricted Stock Unit Grant
Agreement ELT Version 5 year Retirement Vesting. |
|
|
10.7
|
Form of Time-Based Restricted Stock Unit Grant
Agreement ELT Version 10 year Retirement Vesting. |
|
|
10.8
|
Form of Time-Based Restricted Stock Unit Grant
Agreement Non-ELT Version 5 year Retirement Vesting. |
|
|
10.9
|
Form of Time-Based Restricted Stock Unit Grant
Agreement Non-ELT Version 10 year Retirement Vesting. |
|
|
10.10
|
Form of Non-Employee Director Long-Term Incentive
Restricted Stock Unit Agreement – Vests. |
|
|
10.11
|
Form of Non-Employee Director Long-Term Incentive
Restricted Stock Unit Agreement – Separation. |
|
About John Bean Technologies Corporation (NYSE:JBT)
John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food processing and air transportation industries. The Company designs, manufactures, tests and services technological systems and products. It operates through two segments. The JBT FoodTech segment designs, manufactures services and food processing systems used for fruit juice production, frozen food production, in-container food production and convenience food preparation, among others by the food industry. The product offerings of its FoodTech businesses include Protein, Liquid Foods and Automated Systems. The JBT AeroTech segment designs, manufactures and services airport ground support and gate equipment and provides services for airport authorities; airlines, airfreight and ground handling companies; the defense contractors, and other industries. The product offerings of its AeroTech businesses include Mobile Equipment, Fixed Equipment and Airport Services. John Bean Technologies Corporation (NYSE:JBT) Recent Trading Information
John Bean Technologies Corporation (NYSE:JBT) closed its last trading session down -0.70 at 83.70 with 255,819 shares trading hands.
