LINCOLN ELECTRIC HOLDINGS, INC. (NASDAQ:LECO) 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 Arrangements of Certain Officers. |
As previously disclosed, Frederick G. Stueber informed Lincoln
Electric Holdings, Inc. (the Company) that he would retire from
his position as Executive Vice President, General Counsel and
Secretary of the Company in April 2017. On April20, 2017,
Mr.Stueber retired from such position. Mr.Stueber will remain
employed by the Company through July 2017 to assist with
transition matters and will continue to receive his annual salary
until the end of 2017.
| Item5.07. |
Submission of Matters to a Vote of Security Holders. |
The 2017 Annual Meeting of the Company was held on Thursday,
April20, 2017 at the Marriott Cleveland East, 26300 Harvard Road,
Warrensville Heights, Ohio.
The final results of voting on each of the matters submitted for
a vote of security holders at the 2017 Annual Meeting are as
follows:
Shareholders elected eleven directors, each to hold office until
the 2018 Annual Meeting of Shareholders and until their
successors are duly elected and qualified, as set forth below.
|
Name |
Votes For | Votes Withheld | Broker Non-Votes | |||||||||
|
Curtis E. Espeland |
51,464,965 | 141,486 | 8,483,693 | |||||||||
|
David H. Gunning |
48,055,004 | 3,551,447 | 8,483,693 | |||||||||
|
Stephen G. Hanks |
51,122,663 | 483,788 | 8,483,693 | |||||||||
|
Michael F. Hilton |
49,165,185 | 2,441,266 | 8,483,693 | |||||||||
|
G. Russell Lincoln |
48,178,983 | 3,427,468 | 8,483,693 | |||||||||
|
Kathryn Jo Lincoln |
47,998,554 | 3,607,897 | 8,483,693 | |||||||||
|
William E. MacDonald, III |
51,268,594 | 337,857 | 8,483,693 | |||||||||
|
Christopher L. Mapes |
50,476,762 | 1,129,689 | 8,483,693 | |||||||||
|
Phillip J. Mason |
51,464,497 | 141,954 | 8,483,693 | |||||||||
|
Hellene S. Runtagh |
51,200,212 | 406,239 | 8,483,693 | |||||||||
|
George H. Walls, Jr. |
51,093,614 | 512,837 | 8,483,693 |
Shareholders ratified the appointment of Ernst Young LLP as the
Companys independent auditors for the year ending December31,
2017, as set forth below.
| Votes For | VotesAgainst | Abstentions | BrokerNon-Votes | |||
| 59,681,790 | 371,291 | 37,063 |
Shareholders approved, on an advisory basis, the compensation of
the Companys named executive officers, as set forth below.
| Votes For | VotesAgainst | Abstentions | BrokerNon-Votes | |||
| 49,013,306 | 947,644 | 1,645,501 | 8,483,693 |
Shareholders recommended, on an advisory basis, that the
shareholder vote on the compensation of the Companys named
executive officers should occur every year, as set forth below.
| 1 Year | 2 Years | 3 Years | Abstentions | BrokerNon- Votes | ||||
| 43,951,717 | 1,854,836 | 5,501,963 | 297,935 | 8,483,693 |
The Company has determined that the advisory vote on the
compensation of the Companys named executive officers will be
held every year until the next vote on the frequency of such
advisory votes.
Shareholders re-approved the material terms for qualified
performance-based compensation under the Companys 2007 Management
Incentive Compensation Plan, as set forth below.
| Votes For | VotesAgainst | Abstentions | BrokerNon-Votes | |||
| 50,525,993 | 769,653 | 310,805 | 8,483,693 |
Shareholders approved an amendment to the Companys 2015 Stock
Plan for Non-Employee Directors, as set forth below.
| Votes For | VotesAgainst | Abstentions | BrokerNon-Votes | |||
| 49,601,035 | 1,672,177 | 333,239 | 8,483,693 |
About LINCOLN ELECTRIC HOLDINGS, INC. (NASDAQ:LECO)
Lincoln Electric Holdings, Inc. a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The Company’s North America Welding segment includes welding operations in the United States, Canada and Mexico. The Europe Welding segment includes welding operations in Europe, Russia, Africa and the Middle East. The Asia Pacific Welding segment primarily includes welding operations in China and Australia. The South America Welding segment primarily includes welding operations in Brazil, Colombia and Venezuela. The Harris Products Group includes the Company’s global cutting, soldering and brazing businesses, as well as the retail business in the United States. LINCOLN ELECTRIC HOLDINGS, INC. (NASDAQ:LECO) Recent Trading Information
LINCOLN ELECTRIC HOLDINGS, INC. (NASDAQ:LECO) closed its last trading session up +0.27 at 90.29 with 342,724 shares trading hands.
